Coastal Contacts Inc.
TSX : COA

Coastal Contacts Inc.

September 03, 2008 13:34 ET

Coastal Contacts Moves Up in "Report on Business" Rankings

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 3, 2008) -

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Coastal Contacts Inc. ("Coastal Contacts") announced today that the Company has been ranked 537th in the of the top 1,000 public companies in Canada by industry leading "Report on Business" Magazine published by the Globe and Mail.

"We are encouraged to see Coastal Contacts moved up the rankings from 715th in 2006 to 537th in 2007," stated Roger Hardy, Coastal Contacts' President and CEO. "The team at Coastal Contacts continues to build a world class, direct to consumer business focused on vision products such as contact lenses, eyeglasses and sunglasses. A growing multi-billion dollar market combined with the shift away from traditional retail channels to eCommerce, has ideally positioned Coastal Contacts continued revenue growth and earnings improvement.

Consumers today are knowledgeable and demanding, seeking the best combination of service and value. In the categories of contact lenses, eyeglasses and related vision care accessories, Coastal Contacts has built a superior "total service offering", setting a new standard. Coastal Contacts sold into more than 150 countries in 2007 and that reach continues to grow."

About Coastal Contacts:

Coastal Contacts (www.coastalcontacts.com), is the world's leading direct-to-consumer vision products company which designs, produces and distributes a diversified offering such as contact lenses and eyeglasses. The Company's unique combination of branded and private label products represent quality, value and above all, service. Coastal sells into more than 150 countries through proprietary web properties which reflect the culture and consumer preference of the target market. As new markets for eyeglasses and contact lenses evolve, the Company is positioned to become the vision product consumer's retailer of choice owing to its unbeatable value proposition combining value and service. Already No.1 in many of its markets, Coastal is rapidly advancing toward its goal of becoming the "World's Optical Store".

This news release contains certain forward-looking statements that reflect the current views and/or expectations of Coastal Contacts Inc. with respect to its performance, business and future events. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, those relating to changes in the market, potential downturns in economic conditions, consumer credit risk, limited suppliers, inventory risk, disruption in distribution facilities, foreign exchange fluctuations, changes in business strategy, regulatory requirements, demand for contact lenses and other vision care products, competition and dependence on the internet. These risks, as well as others, could cause actual results and events to vary significantly. Coastal Contacts Inc. does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements.

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