Coastal Contacts Inc.

Coastal Contacts Inc.

January 07, 2009 16:38 ET

Coastal Contacts Vice President, Steve Wallace Wins Prestigious Forty Under 40 Award

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 7, 2009) -


Coastal Contacts Inc. (TSX:COA) announced today that its Vice President, North American Sales, Steve Wallace has been selected to receive Business in Vancouver's prestigious Forty under 40 award.

Each year, 40 top business leaders under the age of 40 are selected by an independent judging panel assembled by the newspaper. Nominees are judged on their professional accomplishments, professional recognition, and community and charitable involvement. Established more than seventeen years ago, this award recognizes Vancouver men and women who have become outstanding leaders in their chosen fields before reaching 40 years of age.

Business in Vancouver, along with presenting sponsors Boughton Law Corporation, the Certified General Accountants Association of British Columbia and EO Vancouver will recognize Wallace and other recipients of the 2008 "Forty Under 40" Award at a gala reception at The Vancouver Club on February 10, 2009.

Mr. Wallace is Vice President, North American Sales with Coastal Contacts Inc. the world's leading direct to consumer retailer of vision products. "2008 has been an exciting year for Coastal Contacts and for me personally," said Wallace. "We continued to rapidly grow our contact lens business and launched a novel direct to consumer eyeglasses business in record time. We are ideally positioned to give our customers an unbeatable value proposition of savings and convenience, changing the way the world buys vision care products and we are only just getting started. The future looks bright for Coastal. It is an honor to be recognized by Business in Vancouver and I thank my family, colleagues and friends for their support."

Mr. Wallace joins Roger Hardy, Coastal's Founder and CEO as a Forty under 40 recipient. Mr. Hardy was recognized with the award in 2002 at the age of 32.

About Coastal Contacts:

Coastal Contacts Inc. ( 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 Contacts sells its products in more than 150 countries through proprietary web properties, such as in Canada, 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 Contacts 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, limited suppliers, inventory risk, disruption in our distribution facilities, foreign exchange fluctuations, regulatory requirements, demand for contact lenses, changes in business strategy, competition and dependence on the internet. These risks, as well as others, could cause actual results and events to vary significantly. Coastal Contacts does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements.

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