Coastal.com Named to Hot 100 E-Retailers List
December 03 2013 - 9:00AM
Coastal.com ("Coastal") (Nasdaq:COA) (TSX:COA), the leading online
provider of eyewear, announced today that it has been named one of
the Hot 100 E-Retailers of 2013 by industry leading Internet
Retailer magazine. Coastal.com was recognized in the Mobile 2.0
category as a retailer making innovative use of mobile
technologies.
"We are delighted to be recognized for the results our team has
generated with Coastal.com's evolving mobile platform," stated
Braden Hoeppner, Coastal.com's Vice President, Web Sales. "During
the past twelve months close to 40% of Coastal.com's traffic
originated from mobile devices, smartphones and tablets. We believe
the rapidly growing utilization of mobile devices for browsing and
buying presents an amazing opportunity and are working to ensure
Coastal.com benefits from this trend."
About Internet Retailer Magazine
Internet Retailer Magazine is owned by Vertical Web Media, a
privately held company based in Chicago that focuses on providing
business intelligence for the e-commerce market. Starting with one
magazine, VWM has since started a dozen other information product
aimed at this market and is now the largest publisher in the
e-commerce field.
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 offers an
extensive, in stock selection of prescription eyewear, contact
lenses and sunglasses. Coastal.com's vision is to make the process
simple... either on-line or at one of our retail showrooms... so
our customers 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: Terry Vanderkruyk
Vice President, Corporate Development
Coastal.com
604.676.4498
terryv@coastal.com
Liolios Group Inc.
Scott Liolios or Cody Slach
949.574.3860
COA@liolios.com
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