Coinstar Announces All-Time Quarterly Installation Record.BELLEVUE, Wash.--(BUSINESS WIRE)--Oct. 14, 1999-- 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) ), a leading retail-based coin counting and e-services company, today announced that it set a new quarterly installation record during the third quarter. Between July 1 and September 30, 1999, Coinstar's field installation team installed 669 machines in supermarkets throughout the country. This incredible installation pace resulted in Coinstar's surpassing its previous quarterly installation record of 548 machines, set in the second quarter of 1999. During the first nine months of this year, Coinstar has installed more machines than it installed in all of 1998. Machine installations in two of the nation's leading supermarket chains, Safeway and Albertson's Food and Drug, made up a large portion of the record third quarter installations. Most of the machines installed in Safeway went into stores in their Northern California Northern California, sometimes referred to as NorCal, is the northern portion of the U.S. state of California. The region contains the San Francisco Bay Area, the state capital, Sacramento; as well as the substantial natural beauty of the redwood forests, the northern division, while machines installed in Albertson's went into stores in Dallas, Denver, Phoenix, Nashville, San Antonio San Antonio (săn ăntō`nēō, əntōn`), city (1990 pop. 935,933), seat of Bexar co., S central Tex., at the source of the San Antonio River; inc. 1837. , Salt Lake City and Austin. During the third quarter, Coinstar began relationships with several new supermarket partners, including Meijer and Martin's Supermarkets. In addition, the company expanded its service into several new markets including South Bend, Indiana This article is about the city in Indiana, US. For other uses of the name South Bend, see South Bend (disambiguation). South Bend is a city in St. Joseph County, Indiana, United States. ; Grand Rapids Grand Rapids, city (1990 pop. 189,126), seat of Kent co., SW central Mich., on the Grand River; inc. 1850. The second largest city in the state, it is a distribution, wholesale, and industrial center for an area that yields fruit, dairy products, farm produce, , Lansing, and Traverse City, Michigan Traverse City is a city in the U.S. state of Michigan. It is the largest in the 21-county Northern Michigan region. As of the 2000 census, the city population was 14,532. In 2005, the Traverse City Micropolitan Statistical Area was the largest in Michigan and the 13th largest in ; Ft. Wayne, Indiana; Lexington, Kentucky Lexington, Kentucky, United States, known as the "Horse Capital of the World," is located in the heart of the Bluegrass region. It is the second-largest city in Kentucky, after Louisville, Kentucky,[1] and the 68th largest in the United States. ; Baton Rouge, Louisiana For the Canadian restaurant, see . Baton Rouge (from the French bâton rouge), pronounced /ˈbætn ˈɹuːʒ/ in English, and ; and Lima, Ohio. "Growth in our installed base of machines was remarkable," said Coinstar 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. , Jens Molbak. "I am very proud of our field installation and service teams. Unprecedented retail demand for our service and high customer satisfaction with Coinstar continues to fuel our growth." About Coinstar Founded in 1991, Coinstar had installed a network of 48 machines at the end of 1994, and reached 5,000 machines in March of 1999. To date, the network has processed more than $1.7 billion of coins in over 55 million customer transactions. With more than 6,400 machines installed to date, rollout of the Coinstar service has been the fastest of its type in Supermarket history. Coinstar is the third fastest growing high-technology company in Washington State, based on a recent ranking by Deloitte and Touche. Coinstar is also the leading supplier of coin to the economy based on 1998 U.S. Mint production figures. Coinstar placed 15,838,543,632 coins back into circulation while the U.S. Mint produced 15,814,482,000 coins during the same 12-month period. Coinstar Inc. and its subsidiaries provide consumers and retailers with value-added services that increase customer loyalty and retailer profitability. The Coinstar network currently delivers the company's self-service coin counting product to more than 6,400 leading supermarkets in 38 states, the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). , the United Kingdom and Canada. The company's new Coinstar Shopper product is designed to bridge the gap between the Internet and the store. Consumers can call 1-800-928-CASH, or visit http://www.findcoinstar.com for the supermarket location of the nearest Coinstar machine. Photos can be downloaded from the Coinstar Web site at: http://www.coinstar.com/news/photorel.html This press release contains forward-looking statements that involve a number of risks and uncertainties. Actual results could differ materially from the results identified or implied in any forward-looking statement discussed herein. Factors that could cause or contribute to such differences include, but are not limited to, the risks that are more fully described under the caption "Risk Factors" included in the most recent reports filed with the Securities and Exchange Commission by Coinstar, Inc. |
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