Coinstar, DataWave, and Standard Federal Bank Announce Expansion of Prepaid Mastercard Program.Business Editors VANCOUVER, B.C.--(BUSINESS WIRE)--Nov. 2, 2001 Service Now Available in Three U.S. Markets DataWave Systems (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DWVSF)(CDNX CDNX See Canadian Venture Exchange (CDNX). :DTV (Digital TeleVision) Transmitting TV using digital signals. The major DTV standards are ATSC (North America), DVB (Europe) and ISDB (Japan). All three use MPEG-2 video compression and Dolby Digital audio compression. DVB and ISDB also include MPEG audio compression. .V), Coinstar Inc. (Nasdaq: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) ), and Standard Federal Bank, which recently merged with Michigan National Bank Michigan National Bank was established on 31 December 1940 when Howard J Stoddard consolidatied six Michigan banks: First National Bank and Trust Company of Grand Rapids, First National Trust and Savings Bank of Port Huron, Lansing National Bank, Battle Creek's Security National , today announced the expansion of their prepaid MasterCard program from a five-store test in the Seattle area to a 52-store pilot in three cities. In addition to Seattle, people can now purchase prepaid Standard Federal Bank-issued MasterCard cards from select Coinstar machines in and around Portland, Oregon and Raleigh, North Carolina For other uses of this name, see Raleigh. Raleigh (IPA: /ˈrɑli/, ral-ee) is the capital of the State of North Carolina and the county seat of Wake County. . The cards can be used anywhere MasterCard is accepted. People can purchase the cards using cash, coins, or a credit or debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. . DataWave, Coinstar, and Standard Federal Bank made the decision to expand the program following a successful four-month test in the Seattle area. "The five-store pilot test demonstrated our strong operational and tenacious risk mitigation capabilities," said Kevin Murphy, first vice president of card services for Standard Federal Bank. "We anticipate continued success during the 52-store expansion." "We are very pleased with how well our technology worked during the five-store test and with the functionality of our www.mycardstatus.com Web site," said Josh Emanuel, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of DataWave. "This expanded three city pilot will enable us to verify the business model before we make a decision regarding a possible rollout in late 2002." "The sale of prepaid MasterCards is just one way Coinstar can leverage its network of machines," said Rich Stillman, chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Coinstar. "We are pleased with how well the MasterCard program is progressing thus far." DataWave Systems Inc. Marc L. Belsky, CFO See Chief Financial Officer. About Standard Federal Bank N.A. Standard Federal Bank N.A., a subsidiary of ABN AMRO North America Inc. is a nationally chartered bank with $39.8 billion in assets and $20.3 billion in deposits as of September 30, 2001. Headquartered in Troy, Michigan, Standard Federal offers a complete range of retail and commercial banking products through 302 branches and 901 ATM's in Michigan, Indiana, and Ohio. ABN AMRO Mortgage Group Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Standard Federal, is the nation's sixth-leading originator and tenth leading servicer of home mortgage loans. Standard Federal is located on the World Wide Web at www.standardfederalbank.com. About DataWave DataWave, founded in 1994, is a proven solution provider, integrating its proprietary point of sale activation and e-commerce middleware solutions to deliver leading edge self-service products to the prepaid marketplace. The company has spent a number of years developing a secure, fast and efficient way of dispensing prepaid products. Unique leading-edge technology provides for point-of-sale activation, cash/credit card acceptance, detailed reporting and sales analysis, 24-hour self-diagnostic troubleshooting and automatic inventory replenishment, making it virtually maintenance-free. In the past two and a half years, more than 3 million consumers have used the DataWave System to purchase prepaid calling cards. About Coinstar Inc. Coinstar Inc. owns and operates the only nationwide network of supermarket-based machines that offer coin counting and other electronic services. Linked by a sophisticated interactive network, the company has more than 9,000 machines throughout North America as well as in the United Kingdom. Legal Notice Regarding Forward-Looking Statements This press release contains "forward-looking statements," including "forward-looking statements" within the meaning of Section 27A of the U.S. Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. It is important to note that the companies' actual results and outcomes may differ materially from those contained in any forward-looking statements contained in this press release. Factors that could cause actual results to differ materially include, but are not limited to, risks and uncertainties related to, the ability to obtain new agreements with potential retail partners for the installation of Coinstar units, the successful deployment and operation of our coin processing network and customer utilization of our service, emergence of companies with competing or superior products and/or services, unforeseen changes in the software and hardware technology used in connection with Datawave's technology and products. Although Datawave believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable; there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Readers should refer to the risk disclosures outlined in Datawave's annual report filed on Form 20F for the 2001 fiscal year, and other periodic reports filed from time-to-time with the CDNX, the BCSC BCSC British Columbia Securities Commission BCSC British Columbia Supreme Court BCSC British Council of Shopping Centres BCSC Breast Cancer Society of Canada BCSC Breast Cancer Surveillance Consortium BCSC British Columbia Safety Council and the SEC. The Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
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