Coastal Contacts buys on-line contact lens distributor (TSX: COA).

M2 Presswire, August, 2006

M2 PRESSWIRE-15 August 2006-StockInvestors.net: Coastal Contacts buys on-line contact lens distributor (TSX: COA)(C)1994-2006 M2 COMMUNICATIONS LTD RDATE:14082006 COASTAL CONTACTS ACQUIRES LEADING NETHERLANDS CONTACT LENS DISTRIBUTOR Coastal Contacts Inc. (TSX: COA) has acquired the leading on-line distributor of contact lenses and optical products in the Netherlands, a company operating primarily through a Web portal and having anticipated revenues of $7-million in 2006.

"We believe this transaction has a number of the same fundamentals as the Swedish acquisition of ...