Coinstar Celebrates 10th Anniversary as Public Company.From Coin Counting Roots to 4th Wall[TM] Provider 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 leading 4th Wall[TM] provider for retail front-end services, including self-service coin counting, e-payment services, entertainment services and DVD DVD: see digital versatile disc. DVD 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 kiosks, celebrates its 10th anniversary as a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. . When Coinstar became a public company in the summer of 1997, founder Jens Molbak's original idea of networked self-service coin counting machines was acknowledged as a viable consumer service with significant potential. Ten years later, Coinstar is a multi-national company, the leader in self-service coin counting and provides a range of consumer products and services for the front of retail stores or 4th Wall area. A Decade of Innovation From the beginning and certainly over the past 10 years, Coinstar has focused on continuous innovation and execution. The company's 4th Wall program, which encompasses all of its product lines, has provided retailers with a new way to generate foot traffic and profits at the front of the store. The introduction and success of the program secured Coinstar the Progressive Grocer Category Captain Award for the front-of-store perimeter in 2006. In addition to category leadership awards, Coinstar has been awarded more than 65 U.S. and foreign patents for its coin counting, coin cleaning and networking technologies. As an extension of its coin counting service, Coinstar introduced its Coin to Card[TM] program in 2005, a key innovation for the company's coin business. This service allows consumers to convert their change to a gift card or eCertificate from national retailers and pay no coin counting fee. With the rapid growth and increasing demand for stored value products such as gift cards and prepaid pre·pay tr.v. pre·paid, pre·pay·ing, pre·pays To pay or pay for beforehand. pre·pay ment n. debit cards 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. , Coinstar seized seized (seised) n. 1) having ownership, commonly used in wills as "I give all the property of which I die seized as follows:...." 2) having taken possession of evidence for use in a criminal prosecution. 3) having taken property or a person by force. (See: seisin, seizure) the
opportunity to include these services in its 4th Wall product portfolio.
Coinstar's various e-payment services are offered through more than
14,000 point-of-sale terminals, 400 stand-alone e-payment kiosks and
8,900 e-payment-enabled coin counting machines. As the program grew,
Coinstar became the first provider to offer a gift card program to major
retailers in the United Kingdom. In addition, with money transfer being
one of the top services requested by retailers, Coinstar added money
transfer to its e-payment offerings in 2006.
Other products and services that enhance a retailer's 4th Wall line-up include skill crane machines and bulk vending Bulk Vending is the sale of unsorted confections, nuts, gumballs, toys and novelties (in capsules) selected at random and dispensed generally through non-electrically operated vending machines. equipment that are part of Coinstar's entertainment business. DVD rental kiosks -- including Redbox that is jointly owned by Coinstar, Inc. and McDonald's Ventures, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control -- have been very well received by both consumers and retailers and today more than 4,900 kiosks are installed across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . "It's been an incredible decade for Coinstar," said Dave Cole, chief executive officer of Coinstar, Inc. "Ten years ago we couldn't have fully imagined what the company would look like and how we would serve consumers, but we continued to innovate in·no·vate v. in·no·vat·ed, in·no·vat·ing, in·no·vates v.tr. To begin or introduce (something new) for or as if for the first time. v.intr. To begin or introduce something new. and drive the business. I'm very proud of Coinstar's accomplishments and the proof of our performance can be seen in the company's financial growth, retail expansion and customer satisfaction." Coinstar pioneered self-service coin counting at retail in the early 1990s and to date the company has processed more than $15 billion in change in over 435 million consumer transactions. Building on this expertise, the company added three lines of business for the retail front-end and in the past decade has expanded its presence to more than 140 countries and grown from 3,200 retail locations to more than 60,000. Ten Year Snapshot (1) A saved copy of memory including the contents of all memory bytes, hardware registers and status indicators. It is periodically taken in order to restore the system in the event of failure. (2) A saved copy of a file before it is updated.
> > 1997
2007
Lines of business > > 1
4
Revenue > > $25 million
$534.4 million(a)
Employees > > 313
2,000+
Retail channels > > 1
7+
Retail locations > > 3,200
60,000+
Countries served > > 1
140+
Coin transaction volume > > $333 million
$2.6 billion(a)
Coins that Count volume > > $162,000
$20 million(b)
(a) For fiscal year 2006 (latest fiscal year data available) (b) Cumulative since Coins that Count[TM] donation program started in 1997 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, money transfer, entertainment services and self-service DVD rental. The company's products and services can be found at more than 60,000 retail locations including supermarkets, drug stores, mass merchants, 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 financial institutions. For more information, visit www.coinstar.com. |
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