Chris Ryser

Originally Posted by Firmoo

........................ an increase of 136% over the same period in 2009. Sales in Canada grew 43% during the six months ended April 30, 2010. Sales in the United States grew 32% during the six months ended April 30, 2010 ...............

In approximately two years we have built a significant eyeglasses business that culminated in over 60,000 pairs of eyeglasses being shipped during the quarter and $4.7 million in sales, predominantly in North America. This quarter’s operating results are consistent with the financial model we used to establish our $20 million eyeglasses sales goal this year. We are significantly expanding the capacity of our North American eyeglasses facility to address consumer demand.”

Coastal noted the following operational highlights during the second fiscal quarter 2010:

-- Coastal reported that the Ministry of Health in British Columbia
modernized the regulations regarding the ability of consumers to
purchase contact lenses and eyeglasses on the Internet, making vision
care products more affordable and accessible.

-- Coastal secured a $5 million revolving line of credit from the Bank of
America, bringing the total cash accessible from existing credit
facilities to $8.5 million, none of which had been drawn at April 30,
2010.

Above results of sales by Coastal partially attribute to the deregulation of online optical sales by BC government which is the first regional government to announce the rules from government’s perspectives.

From: Online eyeglasses sales giant sells 60,000 pairs in 2nd quarter 2010

Firmoo, who posted above results by coastal, is the owner and only one of the other big 4 online optical sellers that has come out into the open and discuss the issue.

It would be nice to have a down to earth discussion with him. not like the last time he showed on OptiBoard.

The optical world is changing and Firmoo knows the other side that has started this change. Lets listen if we can.