Coastal.com Launches Exclusive Alyssa Milano Eyewear Line
July 18 2013 - 5:54PM
Coastal Contacts Inc. ("Coastal.com") (Nasdaq:COA) (TSX:COA), the
leading online retailer of glasses, sunglasses and contact lenses,
announced today that it has launched an exclusive line of branded
signature eyewear for women called "Touch by Alyssa Milano". In
February 2013, Coastal reported that it had signed an exclusive
multi-year licensing agreement with Alyssa Milano to develop a line
of branded signature eyewear for women, exclusive to Coastal.com's
industry leading websites.
Milano is a widely-recognized actress, producer, philanthropist,
and former singer. She is best known for her roles in the
television series Who's the Boss, Charmed and Mistresses. Milano
has also made a name for herself in the fashion industry with her
other "Touch by Alyssa Milano" collections, synonymous with style
and function. Other "Touch by Alyssa Milano" collections include
unique apparel, jewelry and accessories designed for the stylish
female sports fan. Alyssa's upcoming role as host of Project Runway
All Stars demonstrates her interest in the next generation of
fashion designers.
"It's been super fun working with Alyssa to develop an exclusive
line of eyewear that fits perfectly with our customers," commented
Aaron Magness, Coastal.com's VP of Marketing. "Her global fan base
has been very vocal through social media, asking when the
collection is coming. They are going to love what they
see."
Milano added, "Whether on the red carpet or relaxing at home,
glasses are part of my everyday look. So, I wanted to design a
line of fun and flirty eyewear that can take you from day to
night."
About Coastal.com
Coastal.com is the leading manufacturer and online retailer of
eyewear products offered through a family of world class websites.
Established in 2000, the Coastal.com family of brands provides
customers with an extensive, in stock selection of prescription
eyewear, contact lenses and sunglasses. Coastal.com's vision is to
provide our customers with stylish high quality eyewear quickly, so
they can see everything life has to offer. For more information
about Coastal.com (Nasdaq:COA), visit www.coastal.com.
Cautionary Note Regarding Forward-Looking Statements
This News Release may contain "forward-looking statements" as
defined in the U.S. Securities Act of 1933, the U.S. Securities
Exchange Act of 1934, the Private Securities Litigation Reform Act
of 1995 and applicable Canadian securities legislation concerning
the business, operations and financial performance and condition of
Coastal. Statements that are not historical fact are
forward-looking statements. The words "may", "would", "could",
"will", "intend", "plan", "anticipate", "believe", "estimate",
"expect", "goal", "target", "should," "likely," "potential,"
"continue," "project," "forecast," "prospects," and similar
expressions typically are used to identify forward-looking
statements. Examples of such forward-looking statements
include statements relating to: Coastal's perception of the contact
lens and eyeglasses industry or market and anticipated trends in
that market in any of the countries in which Coastal does business;
its anticipated ability to procure products and supplies, or the
terms under which it procures products and supplies; Coastal's
anticipated business operations, inventory levels, ability to
handle specific order and call volumes, ability to fill and ship
orders in a timely manner, ability to achieve greater marketing
efficiency or similar statements; ability to increase its
production; plans for capital expenditure plans; relationships with
suppliers; anticipated results of operations, including but not
limited to anticipated sales, revenues, earnings, tax benefits or
similar matters; the effects of seasonality; sufficiency of cash
flows; and Coastal's perceptions regarding volatility in and impact
of foreign currency exchange rates.
Forward-looking statements are based on the then current
expectations, beliefs, assumptions, estimates and forecasts about
Coastal's business and the industry and markets in which it
operates. Forward-looking statements are not guarantees of
future performance and involve risks, uncertainties and assumptions
which are difficult to predict. Assumptions underlying Coastal's
expectations regarding forward-looking statements or information
contained herein include, among others: that Coastal will maintain
its position in the markets it operates in and will expand into
other markets in a favorable manner; that it will have sufficient
capital to continue making investments in advertising, inventory,
property, equipment and leasehold improvements as well as personnel
to support its business and new product lines, including its
eyeglasses business; that Coastal will be able to generate and
maintain sufficient cash flows to support its operations; that it
will be successful in complying with industry regulatory
requirements in British Columbia and other jurisdictions; that
Coastal will be able to establish and/or maintain necessary
relationships with suppliers; and that it will retain key
personnel. The foregoing list of assumptions is not exhaustive.
Readers are cautioned that forward-looking statements or
information are only predictions, and that Coastal's actual future
results or performance may be materially different due to a number
of factors. These factors include, but are not limited to:
changes in the market; potential downturns in economic conditions;
consumer credit risk; Coastal's ability to implement its business
strategies; competition; limited suppliers; inventory risk;
disruption in its distribution facilities; mergers and
acquisitions; foreign currency exchange rate fluctuations;
regulatory requirements; demand for products Coastal sells;
competition and dependence on the internet as well as those risks
described in the securities filings of Coastal.
Although Coastal believes that its plans, intentions and
expectations reflected in or suggested by such forward-looking
statements are reasonable, actual results could differ materially
from a projection or assumption in any of its forward-looking
statements. Coastal's future financial condition and results of
operations, as well as any forward-looking statements, are subject
to change and inherent risks and uncertainties. The forward-looking
statements contained herein are made only as of the date hereof.
Coastal does not have, or undertake, any obligation to update or
revise any forward-looking statements whether as a result of new
information, subsequent events or otherwise, unless otherwise
required by law.
CONTACT: Aaron Magness
Vice President, Marketing
Coastal.com
778.986.2731
aaronm@coastal.com
Liolios Group Inc.
Scott Liolios or Cody Slach
949.574.3860
COA@liolios.com