Exhibit 99.1

COSTA INC. REPORTS STRONG THIRD QUARTER 2013 RESULTS

Lincoln, RI – October 30, 2013 (GLOBE NEWSWIRE) – Costa Inc. (NASDAQ: ATX) today announced financial results for the third quarter and nine months ended September  28, 2013.  The consolidated statements of income included herein, present the former Cross Accessories Division as Discontinued Operations.

Third Quarter 2013 Results

Sales by Costa Inc., the former Cross Optical Group, (the “Company”) increased by 26.3%  during the third quarter of 2013 to $24.6 million compared to $19.4 million in the third quarter of 2012.   Sunglass sales increased by 24.1% while sales of accessories and apparel increased by 46.6%.

Gross margins in the third quarter of 2013 were 58.6%, compared to 59.0% in the third quarter of 2012.

Operating income in the third quarter of 2013 decreased to  $0.2 million, compared to $1.4 million in the third quarter of 2012.    Included in the 2013 third quarter results for continuing operations  was approximately $2.1 million of non-cash compensation expense associated with equity awards that vested upon the sale of the Cross Accessory Division.

Net loss from continuing operations for the third quarter of 2013 was a loss of $0.2 million or $0.01 per basic share compared to net income from continuing operations of $0.9 million, or $0.07 per basic and diluted share in the third quarter of 2012.

Net loss from discontinued operations, net of tax, for the third quarter of 2013 was $10.1 million, or $0.81 per basic share, compared to net income from discontinued operations, net of tax, of $1.1 million, or $0.09 per basic share and $0.08 per diluted share in the third quarter of 2012.  Loss from discontinued operations primarily includes the operating results of the former Cross Accessories Division, as well as certain tax related items associated with the divestiture.

Net loss for the third quarter of 2013 was $10.2 million, or $0.82 per basic share, compared to net income of $2.0 million, or $0.16 per basic share and $0.15 per diluted share, in the third quarter of 2012.

Nine Month 2013 Results

Sales by Costa Inc., the former Cross Optical Group, increased by 20.7% during the nine months ended September 28, 2013 to $80.8 million compared to $67.0 million for the same period of 2012.  Sunglass sales increased by 17.2% while sales of accessories and apparel increased by 55.2%.

Gross margins during the nine month 2013 period  were 58.9%, similar to the same period in 2012.

Operating income during the nine month 2013 period was $8.9 million, compared to $8.4 million for the same period in 2012.    Included in the nine month 2013 period for continuing operations was approximately $2.1 million of non-cash compensation expense associated with equity awards that vested upon the sale of the Cross Accessory Division.

Net income from continuing operations for the nine month 2013 period was $5.4 million, or $0.43 per basic share and $0.40 per diluted share, compared to net income of $5.3 million, or $0.43 per basic share and $0.40 per diluted share,  for the same period in 2012.

Net loss from discontinued operations, net of tax, for the nine month 2013 period was $10.9 million, or $0.88 per basic share, compared to net income from discontinued operations, net of tax, of $2.0 million, or $0.16 per basic and diluted share for the same period in 2012.  Loss from discontinued operations primarily includes the operating results of the former Cross Accessories Division, as well as certain tax related items associated with the divestiture.

Net loss for the nine month 2013 period was $5.5 million, or $0.45 per basic share and $0.42 per diluted share, compared to net income of $7.2 million, or $0.59 per basic share and $0.56 per diluted share, for the same period in 2012.

David G. Whalen, Chief Executive Officer of Costa Inc. stated,  “We are certainly pleased with our third quarter and year to date performance.     Our sunglass business has momentum as it enters the fourth quarter as all of the Costa brand’s revenue sources; including prescription and non-prescription sunglasses, as well as apparel and accessories are performing very well.  As we move through the last quarter of this year and head into 2014, our confidence in our business model and its growth potential is high.   Every day, our authentic brands and products are attracting new consumers in both existing markets as well as new ones.”

Cross Accessory Division Sale

On September 6, 2013, the Company completed the sale of its Cross Accessory Division and activity associated with that division is classified as Discontinued Operations in the accompanying financial information.

Conference Call

The Company’s management will host a conference call today, October 30, 2013 at 4:30 PM Eastern Time.  Parties interested in participating in the conference call may dial in at 877-312-5845, while international callers may dial in at 970-315-0470.  The conference call will be webcast and can be accessed at www.costabrands.com.  A replay of the webcast will be archived on the Company’s website.

Non-GAAP Measures

This release contains non-GAAP measures of operating income and diluted earnings per share that are provided as a complement to results provided in accordance with generally accepted accounting principles.  These non-GAAP results are among the indicators management uses as a basis for evaluating financial performance as well as for forecasting future periods.  For these reasons, management believes these non-GAAP measures can be useful to investors, potential investors and others.  The presentation of this additional information is not meant to be considered in isolation or as a substitute for net income or earnings per share prepared in accordance with GAAP.

About Costa Inc.

Costa Inc. owns and manages the Costa and Native Eyewear brands.  Known best for its premium sport sunglasses tailored to those sports enthusiasts who play on the water, the Costa Brand is rapidly expanding into prescription sunglasses and sports apparel.  Likewise, the Native Eyewear brand is becoming the brand of choice for mountain locals and those who aspire to the mountain way of life.  Costa Inc. is the successor company of A.T. Cross.  For more information, visit the Costa Inc. website at www.costabrands.com.

Statements contained in this release that are not historical facts are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995( including but not limited to statements related to the expected performance of Costa brand’s revenue sources and the expected growth potential for the brand and business model).  In addition, words such as "believes," "anticipates," "expects," and similar expressions are intended to identify forward-looking statements.  These forward-looking statements are subject to risks and uncertainties, including but not limited to continued consumer demand across all Costa revenue sources and the ability of the business to continue to successfully manage operations as it gains scale. Actual results could differ materially from those expressed or implied in the forward-looking statements.  The information contained in this document is as of October 28, 2013.  The Company assumes no obligation to update any forward-looking statements contained in this document as a result of new information or future events or developments.  Additional discussion of factors that could cause actual results to differ materially from management's expectations is contained in the Company's filings under the Securities Exchange Act of 1934.

(Tables to follow)