DRAPER, Utah, Aug. 7 /PRNewswire-FirstCall/ -- 1-800 CONTACTS, INC.
(Nasdaq: CTAC) (the "Company" or "1-800 CONTACTS") today announced that it
will hold a special meeting of stockholders on Thursday, September 6, 2007
at 8:00 a.m. Mountain time. The meeting will be held at 1-800 CONTACTS'
executive offices at 66 E. Wadsworth Park Drive, Draper, Utah 84020. At
this meeting, stockholders will vote on the previously announced merger
agreement, dated as of June 3, 2007, among 1-800 CONTACTS and affiliates of
Fenway Partners Capital Fund III, L.P., pursuant to which such affiliates
have agreed to acquire 1-800 CONTACTS for $24.25 per share. 1-800 CONTACTS
stockholders of record at the close of business on Monday, August 6 will be
entitled to notice of the special meeting and to vote on the proposal.
(Logo: TPA:
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About 1-800 CONTACTS, INC.
1-800 CONTACTS offers consumers an attractive alternative for obtaining
replacement contact lenses in terms of convenience, price, and speed of
delivery. Through its easy-to-remember, toll-free telephone number, "1-800
CONTACTS" (1-800-266-8228), and its Internet web site,
http://www.1800contacts.com, the Company sells all of the popular brands of
contact lenses. 1-800 CONTACTS offers products at competitive prices, while
delivering a high level of customer service.
About Fenway Partners
Fenway Partners is a middle market private equity firm with offices in
New York and Los Angeles and $1.7 billion under management. Fenway
companies typically have leading franchises and operate in two core
industry segments, branded consumer products and transportation/logistics.
With significant knowledge and success investing in these industries,
Fenway has built a strong reputation for its hands-on approach to
supporting its portfolio companies which include sporting goods
manufacturer Easton Bell Sports, school yearbook and class ring
manufacturer American Achievement, leading global supplier of mobile
computing cases and accessories Targus International, expedited ground
transportation provider Panther Expedited Services and intermodal logistics
service provider RoadLink USA.
For further information about Fenway Partners, please visit
http://www.fenwaypartners.com.
Forward-looking Statements
This press release contains a number of statements about the Company's
future business prospects which are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements include all statements which are not purely
historical and include, but are not necessarily limited to, all statements
relating in any way to the proposed transaction with Fenway Partners. All
such forward-looking statements are based upon information available to the
Company as of the date hereof, and the Company disclaims any intention or
obligation to update any such forward-looking statements. Actual results
could differ materially from current expectations. Factors that could cause
or contribute to such differences include, among others, the risks and
uncertainties identified in the reports filed from time to time by the
Company with the U.S. Securities and Exchange Commission, including the
Company's most recent Annual Report on Form 10-K and Quarterly Reports on
Form 10-Q. Information on the Company's websites, other than the
information specifically referenced in this press release, shall not be
deemed to be part of this press release.
Additional Information About the Merger
1-800 CONTACTS, INC. filed with the Securities and Exchange Commission
(the "SEC"), and is furnishing to its stockholders, a definitive proxy
statement soliciting proxies for the meeting of its stockholders to be held
with respect to the proposed merger between the Company and the affiliates
of Fenway Partners. 1-800 CONTACTS STOCKHOLDERS ARE ADVISED TO READ THE
PROXY STATEMENT CAREFULLY BECAUSE IT CONTAINS IMPORTANT INFORMATION. 1-800
CONTACTS stockholders and other interested parties can obtain, without
charge, a copy of the proxy statement and other relevant documents filed
with the SEC from the SEC's website at http://www.sec.gov. 1-800 CONTACTS
stockholders and other interested parties can also obtain, without charge,
a copy of the proxy statement and other relevant documents by directing a
request by mail or telephone to 1-800 CONTACTS, INC., 66 E. Wadsworth Park
Drive, Draper, Utah 84020, Attention: Corporate Secretary, telephone: (801)
316-5000, or from the Company's website, http://www.1800contacts.com.
1-800 CONTACTS and certain of its directors, executive officers and
other members of management and employees may, under SEC rules, be deemed
to be "participants" in the solicitation of proxies from stockholders of
1-800 CONTACTS with respect to the proposed merger. Information regarding
the persons who may be considered "participants" in the solicitation of
proxies is set forth in 1-800 CONTACTS' definitive proxy statement relating
to the proposed merger filed with the SEC. Information regarding certain of
these persons and their beneficial ownership of 1-800 CONTACTS common stock
is set forth in the definitive proxy statement described above.
SOURCE 1-800 CONTACTS, INC.
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Related links:
http://www.contacts.com
http://www.1800contacts.com http://www.fenwaypartners.com
http://www.sec.gov
Photo Notes:http://www.newscom.com/cgi-bin/prnh/20040107/LACONTACTSLOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
CONTACT:
Brian W. Bethers, President, or Robert G.
Hunter, CFO, both for 1-800 CONTACTS, INC., +1-801-316-5000,
investors@contacts.com, or Anna Cordasco or Brooke Morganstein,
both of Sard Verbinnen & Co. for Fenway Partners, +1-212-687-8080
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