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TSX Symbol: COA
VANCOUVER, June 5 /CNW/ - Coastal Contacts Inc. (TSX: COA) announced
today the Company has placed on the PROFIT magazine annual ranking of Canada's
Fastest Growing Companies.
Ranking Canada's Fastest-Growing Companies by five-year revenue growth,
the PROFIT 100 profiles the country's most successful growth companies.
Published in the June issue of PROFIT and online at PROFITguide.com, the
PROFIT 100 is Canada's largest annual celebration of entrepreneurial
"We are honoured to be named among this distinguished group of successful
entrepreneurs," stated Roger Hardy, Coastal Contacts' President and CEO.
"Owing to the efforts of the entire Coastal team, the Company has enjoyed
tremendous growth since being founded in 2000. Given our growth plans for
product and market expansion, we believe the best is yet to come."
Coastal Contacts has been ranked No. 18 in the 2006 PROFIT 100, with five
year revenue growth of 2,900%. Coastal reported revenues over $81 million for
PROFIT: Your Guide to Business Success, offers news, strategies, tips,
interviews and other resources to entrepreneurs leading Canada's
fastest-growing companies. Each year PROFIT, which reaches more than 400,000
readers nationally, hosts a number of events that bring together business
leaders in the fast growth segment and champions the interests of those
leaders. PROFIT was founded in April, 1982 as Canada's first magazine geared
to entrepreneurs. Visit www.PROFITguide.com
About Coastal Contacts:
Coastal Contacts is the world's fastest-growing vision care supplier.
Leveraging its world class operations in Europe, North America and Asia,
Coastal is building a predictable recurring revenue stream in the contact lens
segment and is developing complementary branded vision care products. Already
No. 1 in most of its markets, Coastal is rapidly advancing toward its goal of
becoming the dominant global vision care supplier.
For Further Information:
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, 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
Neither the TSX nor any other regulatory body has reviewed and therefore
does not accept responsibility for the adequacy or accuracy of this
For further information:
For further information: Terry Vanderkruyk, Vice President, Corporate
Development, Coastal Contacts Inc., (604) 676-4498,