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TheStreet Open House

Coastal.com To Ring The NASDAQ Stock Market Opening Bell January 7, 2013

Stocks in this article: COA

VANCOUVER, British Columbia, Jan. 4, 2013 (GLOBE NEWSWIRE) -- Coastal Contacts Inc. ("Coastal") (Nasdaq:COA) (TSX:COA) (Stockholm:COA), the leading online retailer of vision care products, announced today that it has been given the honor of ringing The Opening Bell of the NASDAQ Stock Market on Monday, January 7 th, 2013 at 9:30 a.m. ET.

Coastal commenced trading on the NASDAQ October 24 th, 2012 under the symbol COA.

Roger Hardy, Coastal's founder and CEO will be in attendance along with other Company representatives.

"We are pleased to be listed on NASDAQ as part of the Coastal's long term strategy to build the leading direct to consumer retailer of eyeglasses, contact lenses and vision accessories," commented Roger Hardy, Coastal's Founder and CEO. "We believe the listing will provide U.S. based investors and funds with greater access to Coastal shares, which they would not otherwise have. It should also help to build awareness of the Coastal.com brand as we invest in acquiring customers across the U.S.A. During fiscal 2012, Coastal manufactured and shipped more than one million pairs of eyeglasses and during the fourth quarter of fiscal 2012 our U.S. eyeglasses business grew approximately 100% over the same period in 2011. It is an exciting time at Coastal as the web continues to rapidly gain share from traditional optical channels in the U.S. eyeglasses market that exceeds $18 Billion annually."

About NASDAQ OMX Group:

The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 23 markets, 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-40 microsecond speeds with 99.99+% uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world's securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to approximately 3,400 listed companies worth $6 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn more, visit www.nasdaqomx.com . Follow us on Facebook ( www.facebook.com/NASDAQ ) and Twitter ( www.twitter.com/nasdaqomx ). (Symbol: NDAQ and member of S&P 500)

About Coastal Contacts:

Coastal Contacts Inc. is one of the largest online retailers of vision care products in the world. Coastal empowers customers to easily browse, try on and buy eyewear—saving time, money and sanity. With every pair of qualifying frames purchased, Coastal donates a pair to someone in need through its Change the View project. Founded in 2000, Coastal designs, produces and distributes the largest selection of glasses and contact lenses on the Internet, including a unique combination of designer glasses, contact lenses, sunglasses, and vision care accessories. Coastal serves customers in more than 150 countries through the Coastal Contacts family of websites including: Coastal.com, ClearlyContacts.ca, Lensway.com, Lensway.co.uk, Lensway.se, Lensway.com.br, ClearlyContacts.com.au, ClearlyContacts.co.nz, Contactsan.com, and Coastallens.com.

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