Coastal Contacts to release Q1, 2006 financials March 29, 200628 March 2006
Coastal Contacts Inc. (TSX.V: COA) announced today that financial results for the quarter ended January 31, 2006 will be released after market close on Wednesday, March 29, 2006. Coastal Contacts will host a conference call on March 29 at 1:30pm (PST) to discuss quarterly results and Company operations. Participating in the call will be Roger Hardy, Chief Executive Officer and Chairman, Bill Wrixon, President and Joseph Lee, Chief Financial Officer. To attend the conference call, participants in Toronto may dial 416-850-9140. Participants outside the greater Toronto area may dial the North American Toll-free number 1-866-400-3320. A replay of the call will be available for 7 days. To access the replay in Toronto listeners may dial 402-220-7739. The North American Toll-free number for the replay is 1-888-562-2824. The passcode to access the replay is 6955301. Coastal Contacts is also pleased to report that all resolutions proposed to be voted upon at its shareholders' meeting held on March 15, 2006 were approved, including the resolution ratifying and approving the shareholder rights plan. The shareholder rights plan has been approved by the TSX Venture Exchange and a copy is available in the management proxy circular dated February 10, 2006 on SEDAR. About Coastal Contacts: With operations and distribution hubs in both North America and Europe, Coastal Contacts is one of the largest and fastest growing direct marketers of contact lenses in the world. The Corporation's large volume business combined with its cost effective global operations enable it to offer replacement contact lenses to customers worldwide at reduced prices, delivered quickly with strong customer service follow-up. Coastal's direct to consumer model and single product focus combine to create the distinct competitive advantage of a more efficient, customer-focused model for world-wide contact lens distribution. 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 Venture Exchange nor any other regulatory body has reviewed and therefore does not accept responsibility for the adequacy or accuracy of this release. For further information: Bill Wrixon, President, Coastal Contacts Inc., (604) 669-1555, Ext. 251, billw@coastalcontacts.com; Terry Vanderkruyk, Vice President, Corporate Development, Coastal Contacts Inc., (604) 669-1555 Ext. 326, terryv@coastalcontacts.com
Source: newswire
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