Coastal Contacts Inc. to Present at the 8th Annual JMP Securities Research Conference



    
    /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
    DISSEMINATION IN THE UNITED STATES./

    TSX Symbol: COA
    

    VANCOUVER, May 14 /CNW/ - Coastal Contacts Inc. (TSX: COA) announced
today that Roger Hardy, Founder and CEO and Glen Kayll, CFO will deliver a
presentation on behalf of the company at the 8th Annual JMP Securities
Research Conference to be held May 18-20 at the Ritz-Carlton Hotel in San
Francisco, CA.
    The Coastal Contacts Inc. investor presentation is scheduled at 3:00pm on
Tuesday, May 19th.
    The presentation will include an update on the company's progress as the
leading international direct to consumer retailer of vision products such as
contact lenses, eyeglasses and related vision product accessories. Also
included will be a review of Coastal's financial results for Q1, 2009 which
included the following highlights:

    
    -   $31.3 million of sales, an increase of 24% compared to the same
        period last year
    -   299,855 total orders shipped
    -   $2.0 million of adjusted EBITDA
    -   $1.0 million of net earnings
    -   $0.02 of net earnings per share
    -   $1.7 million of cash generated from net earnings excluding non-cash
        items

    About Coastal Contacts:
    

    Coastal Contacts Inc. (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 Contacts sells its products in
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 Contacts is rapidly advancing toward its goal of becoming the "World's
Vision 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, 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.

    
    Neither the TSX nor any other regulatory body has reviewed and therefore
    does not accept responsibility for the adequacy or accuracy of this
    release.
    





For further information:

For further information: Terry Vanderkruyk, Vice President, Corporate
Development, Coastal Contacts Inc., (604) 676-4498,
terryv@coastalcontacts.com

Organization Profile

COASTAL CONTACTS INC.

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