VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 22, 2014) - Coastal Contacts Inc. ("Coastal") (NASDAQ:COA)(TSX:COA), the parent company of leading online eyewear providers Coastal.com and ClearlyContacts.ca, announced today the launch of a new collection of its Evergreen glasses line in honour of Earth Day 2014. Evergreen is an eco-friendly line of glasses made with 95 percent recycled stainless steel and plastic. With every pair purchased, a tree is planted in a developing country.
"Being a good corporate citizen is a core value at Coastal, and we are constantly seeking new and innovative initiatives to give back to the community," said Roger Hardy, CEO of Coastal Contacts Inc. "Our Evergreen collection and program has been a great success over the past three years, and we're thrilled to be able to offer more styles in time for Earth Day."
The new released Evergreen collection consists of 12 styles for men and women in various colors. Evergreen glasses can be manufactured with single vision or progressive lenses, starting at $89.
Local farmers attend Agroforestry workshops so they are able to successfully transplant the trees from nurseries into their farms and continue to improve their land. The tree planting program assists in generating income while reducing carbon footprint. To date, Coastal has planted 30,000 trees with the sales from the Evergreen collection. For more information please visit: http://www.clearlycontacts.ca/evergreen.
ClearlyContacts.ca (www.clearlycontacts.ca) is Canada's largest online retailer for eyeglasses, contact lenses and sunglasses. ClearlyContacts.ca is the new and better way for consumers to shop for eyewear. Founded in 2000, ClearlyContacts.ca designs, produces and distributes the largest selection of eyeglasses and contact lenses on the Internet, including a unique combination of designer eyeglasses, contact lenses, sunglasses and vision care accessories. With every pair purchased, ClearlyContacts.ca gives sight, protection and health to those in need, which supports the Change the View project. ClearlyContacts.ca services customers in more than 150 countries through the Coastal Contacts, Inc. (Coastal) family of websites including: ClearlyContacts.ca, Coastal.com, LensWay.com, LensWay.co.uk, LensWay.se, LensWay.com.br, ClearlyContacts.com.au, ClearlyContacts.co.nz, Contactsan.com and Coastallens.com.
Cautionary Note Regarding Forward-Looking Statements
All statements made in the News Release which are not current statements or historical facts constitute "forward-looking information" within the meaning of applicable Canadian securities laws and "forward-looking statements" as defined in Section 27A of the United States Securities Act of 1933, Section 21E of the United States Securities Exchange Act of 1934, the Private Securities Litigation Reform Act of 1995, or in releases made by the United States Securities and Exchange Commission, all as may be amended from time to time, and the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect", "goal", "target", "should", "likely", "potential", "continue", "project", "forecast", "prospects", and similar expressions typically are used to identify forward-looking information and statements. Examples of such forward-looking information and statements within this News Release include information and statements relating to: Coastal.com's perceptions of the contact lens and eyeglasses industry or market and anticipated trends in that market in any of the countries in which Coastal.com does business; Coastal.com's anticipated ability to procure products and supplies, or the terms under which it may procure its products and supplies; Coastal.com's anticipated business operations, inventory levels, ability to handle specific order and call volumes, ability to fill and ship orders in a timely manner, ability to achieve greater marketing efficiency or similar statements; Coastal.com's ability to increase production; Coastal.com's capital expenditure plans; the results of further investments in Coastal.com's retail brands; Coastal.com's relationships with suppliers; Coastal.com's anticipated results of operations, including but not limited to anticipated sales, revenues, earnings, tax benefits or similar matters; the effects of seasonality; sufficiency of cash flows; Coastal.com's perceptions regarding volatility in and impact of foreign currency exchange rates; the effect of the current economic climate on Coastal.com's business and consumer behavior; and Coastal.com's ability to address challenges and opportunities resulting from current economic conditions.
Forward-looking information and statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about Coastal.com's business and the industry and markets in which it operates. Forward-looking information and statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Assumptions underlying Coastal.com's expectations regarding forward-looking information and statements contained within this News Release include, among others: that Coastal.com will maintain its position in the markets it operates in and expand into other markets in a favourable manner; that Coastal.com will have sufficient capital to continue making investments in advertising, inventory, property, equipment and leasehold improvements as well as personnel to support its business and new product lines, including its eyeglasses business; that Coastal.com will be able to generate and maintain sufficient cash flows to support its operations; that Coastal.com will be successful in complying with industry regulatory requirements in British Columbia and other jurisdictions in which it operates; that Coastal will be able to establish and/or maintain necessary relationships with suppliers; and that Coastal.com will retain key personnel. The foregoing list of assumptions is not exhaustive.
You are cautioned that forward-looking information and statements are subject to a number of known and unknown risks, uncertainties and other factors, many of which are beyond Coastal.com's control, that could cause Coastal.com's actual future results or performance to be materially different from those that are disclosed in or implied by the forward-looking information. These factors include, but are not limited to changes in the market; potential downturns in economic conditions; consumer credit risk; Coastal.com's ability to implement its business strategies; competition from traditional and online retailers; limited suppliers; limited availability of inventory; disruption in Coastal's distribution facilities; mergers and acquisitions; foreign currency exchange rate fluctuations; regulatory requirements; demand for contact lenses, eyeglasses and related vision care products; the risk that Coastal.com will not be successful in defending against litigation; dependence on the Internet; and the other risks detailed in Coastal.com's filings with the Canadian securities regulatory authorities.
You should not place undue reliance on forward-looking information and statements which are qualified in their entirety by this cautionary note.
Forward-looking information and statements in this news release are made as of the date hereof and Coastal.com expressly disclaims any intent or obligation to update such forward-looking information or statements, unless Coastal.com specifically states otherwise or as required by applicable law.
For a complete discussion of the assumptions, risks and uncertainties related to Coastal.com's business, you are encouraged to review Coastal.com's filings with the Canadian securities regulatory authorities filed on SEDAR at http://www.sedar.com.