Source: Coastal Contacts Inc.


Coastal Contacts Secures $5 Million Revolving Line of Credit From Bank of America, N.A.

VANCOUVER, British Columbia, March 30, 2010 (GLOBE NEWSWIRE) -- Coastal Contacts Inc. ("Coastal") (TSX:COA) (Stockholm:COA) today announced that it has entered into a loan agreement (the "Loan Agreement") with the Bank of America for a $5 million secured revolving line of credit (the "Line of Credit").

The Line of Credit is available until March 31, 2012 and Coastal may borrow and repay any principal amounts drawn on the Line of Credit during this period. The Line of Credit is subject to a maximum advance of the lesser of either $5 million and a percentage of certain of Coastal's working capital assets. Obligations under the Loan Agreement are secured by all of Coastal's assets.

"We are pleased with establishing a banking relationship with a reputable and global institution such as Bank of America," said Roger Hardy, Coastal's President and CEO. "This relationship represents another important step in the development of our world class organization."

About Coastal Contacts:
Coastal Contacts Inc. is the world's leading online vision products company which designs, produces and distributes a diversified offering of contact lenses and eyeglasses. Coastal's unique combination of branded and private label products represent quality, value and above all, service. Coastal sells into more than 150 countries through proprietary web properties which reflect the culture and consumer preference of the target market. As new markets for eyeglasses and contact lenses evolve, Coastal is positioned to become the vision product consumer's retailer of choice owing to its compelling value proposition combining value and service. A leader in many of its markets, Coastal is rapidly advancing toward its goal of becoming the "World's Optical Store."