Printer Friendly
The Free Library
22,728,043 articles and books

CVS/pharmacy First Coinstar Retailer to Offer Its Own Gift Card in the Coin to Card Program.

Gift cards will be available at all CVS (1) (Concurrent Versions System) A version control system for Unix that was initially developed as a series of shell scripts in the mid-1980s. CVS maintains the changes between one source code version and another and stores all the changes in one file.  Coinstar Center locations.

BELLEVUE, Wash. -- Coinstar, Inc. (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
:CSTR CSTR Centre for Speech Technology Research
CSTR Canister
CSTR Continually Stirred Tank Reactor
CSTR Center for Software Testing Research (Florida Tech)
CSTR Combat System Trial Rehearsal (US DoD) 
), the leader in self-service coin counting, today announced that CVS/pharmacy, the retail division of CVS Caremark Corporation CVS Caremark Corporation, NYSE: CVS is an integrated pharmacy services provider, combining one of the U.S.'s leading pharmaceutical services companies with the country’s largest pharmacy chain. , is expected to have gift cards available in more than 360 Coinstar Center[R] kiosks in CVS/pharmacy stores this summer. The Coin to Card[TM] service allows consumers to convert their loose change to a CVS card at the Coinstar kiosk and pay no coin-counting fee.

To use the Coin to Card service, consumers simply select the gift card option at the Coinstar Center, then choose the CVS card (or one of the available eCertificates), pour their loose, unsorted change into the input tray, and then once counted, the CVS card will be dispensed dis·pense  
v. dis·pensed, dis·pens·ing, dis·pens·es
1. To deal out in parts or portions; distribute. See Synonyms at distribute.

2. To prepare and give out (medicines).

 right away and can be used just like cash to make store purchases.

"We're delighted to be working with CVS/pharmacy to offer our first host retailer gift card," said Alex Camara, senior vice president and general manager of worldwide coin at Coinstar, Inc. "We believe our Coin to Card service benefits retailers like CVS/pharmacy by driving more foot traffic and purchases, as well as consumers who can now turn idle change into found money to purchase a variety of healthcare products or other merchandise at CVS/pharmacy."

"We are very pleased to partner with Coinstar to make the Coin to Card service available at all CVS Coinstar Center locations," said Peter Nash, director -- treasury operations, CVS Caremark. "With this service, we will provide added value Added value in financial analysis of shares is to be distinguished from value added. Used as a measure of shareholder value, calculated using the formula:

Added Value = Sales - Purchases - Labour Costs - Capital Costs
 for our customers by making it easy and convenient for them to convert their loose change to a CVS gift card."

Coinstar estimates that 80 percent of U.S. households accumulate loose change, and that the average household has about $90 in change sitting idle.

The CVS card and eCertificates, such as, Circuit City, Eddie Bauer Eddie Bauer (NASDAQ: EBHI) is a clothing store chain. Headquartered in Bellevue, Washington, and a subsidiary of Eddie Bauer Holdings (formerly Spiegel, Inc.), the company was founded in Seattle in 1920 as "Eddie Bauer's Sport Shop" by its namesake, Eddie Bauer (1899 –  and iTunes, are expected to be available at Coinstar Centers located in CVS/pharmacy stores in 11 Mid-West and Western states. Consumers can locate the nearest CVS/pharmacy store with the Coin to Card option by going to and using the machine locator.

About Coinstar, Inc.

Coinstar, Inc. (NASDAQ:CSTR) is a multi-national company offering a range of 4th Wall[TM] solutions for the retailers' front of store consisting of self-service coin counting, electronic payment solutions, entertainment services and self-service DVD DVD: see digital versatile disc.
 in full digital video disc or digital versatile disc

Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology.
 rental. The company's products and services can be found at more than 60,000 retail locations including supermarkets, drug stores, mass merchants, financial institutions, convenience stores The following is a list of convenience stores organized by geographical location. Stores are grouped by the lowest heading that contains all locales in which the brands have significant presence. , and restaurants. For more information, visit

About CVS/pharmacy

CVS/pharmacy, the retail division of CVS Caremark Corporation, is America's largest retail pharmacy with approximately 6,200 retail locations. CVS/pharmacy is committed to serving the healthcare needs of all customers by being the easiest pharmacy for customers to use, both in its stores and online at General information about CVS/pharmacy and CVS Caremark is available at, as well as

Certain statements in this press release are "forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995. The words "believe," "estimate," "expect," "intend," "anticipate," "goals," variations of such words, and similar expressions identify forward-looking statements, but their absence does not mean that the statement is not forward-looking. The forward-looking statements in this release include statements regarding the expected availability of CVS gift cards in Coinstar Centers. Forward-looking statements are not guarantees of future performance and actual results may vary materially from the results expressed or implied in such statements. Differences may result from actions taken by Coinstar, Inc., as well as from risks and uncertainties beyond Coinstar, Inc.'s control. Such risks and uncertainties include, but are not limited to, the termination, non-renewal or renegotiation on materially adverse terms of our contracts with our significant retailers, payment of increased service fees to retailers, the ability to attract new retailers, penetrate new markets and distribution channels, cross-sell our products and services and react to changing consumer demands, the ability to achieve the strategic and financial objectives for our entry into or expansion of new businesses, the ability to adequately protect our intellectual property, and the application of substantial federal, state, local and foreign laws and regulations specific to our business. The foregoing list of risks and uncertainties is illustrative il·lus·tra·tive  
Acting or serving as an illustration.

il·lustra·tive·ly adv.

Adj. 1.
, but by no means exhaustive. For more information on factors that may affect future performance, please review "Risk Factors" described in Item 1A of Part I of our most recent Annual Report on Form 10-K Form 10-K

A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information.

Form 10-K

See 10-K.
 filed with the Securities and Exchange Commission. These forward-looking statements reflect Coinstar, Inc.'s expectations as of the date of this release. Coinstar, Inc. undertakes no obligation to update the information provided herein.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion




Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Jun 13, 2007
Previous Article:VCG Holding Corp Announces Results of Annual Shareholder's Meeting.
Next Article:Akimbo Adds Geneon to Its Acclaimed Anime on Demand Collection.

Related Articles
Beavers buck the odds.
Highlanders' undefeated journey tops list of the season's best.
Mayor appoints interim city manager.
A day at the museum may be better than summer movie.
Senate OKs bill to avert transit strikes.
Songok's kick humbles Rupp.
Growing green roofs, city by city.

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters