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VANCOUVER, British Columbia, March 22, 2011 (GLOBE NEWSWIRE) --
Coastal Contacts Inc. (TSX:COA) (Stockholm:COA), the world's largest online retailer of eyeglasses and contact lenses, announced today that the Company generated a sales order record of more than $1.1 million in a single day on Monday, March 21, 2011. The sales total included more than 5000 pairs of prescription eyeglasses.
"Coastal continues to gain momentum in a number of markets," stated Roger Hardy, Coastal Contacts, Founder and CEO. "Achieving this milestone is a credit to the entire Coastal team as we build the customer service leader in the online vision products industry."
Orders is a non-GAAP measure defined as orders placed by customers in the time period referenced through our websites or our call centers. The nearest GAAP measure, sales, differs from Orders in that sales reflect orders that have shipped, net of cancellations, returns and exchanges. Coastal is reporting orders as the Company believes that its investors may use this figure to make more informed investment decisions about the Company. Orders is a non-GAAP measure that does not have any standardized meaning prescribed by Canadian GAAP, is therefore unlikely to be comparable to similar measures presented by other companies and should be considered in addition to, and not as a substitute for, sales and other measures of financial performance reported in accordance with Canadian GAAP.
About Coastal Contacts Inc.
Coastal Contacts Inc. has quickly become the world's leading online retailer of vision care products, attributable to a combination of fast delivery, a customer-centric approach and great selection at the lowest possible prices. Founded in 2000, Coastal 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. Coastal Contacts services customers in more than 150 countries through the Coastal Contacts family of websites including:
Forward Looking Statements