Coinstar Expands Line of Self-Service Kiosks With Introduction of its TOP-UP Unit; TOP-UP Kiosk Debuted at NACS Show in Chicago to Convenience Store Retailers.Business Editors National Association of Convenience Stores The National Association of Convenience Stores (NACS) is a trade association that represents convenience and petroleum retailers. Founded on August 14 1961, it had more than 2200 retail and 1800 supplier company members as of 2006. (NACS NACS National Association of Convenience Stores NACS National Association of College Stores NACS North American Catalan Society NACS North American Catalysis Society NACS Network Access Control System NACS National Advisory Committee On Semiconductors ), Booth #2427 CHICAGO--(BUSINESS WIRE)--Oct. 13, 2003 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) ) today announced its next generation of self-service kiosks The self-service kiosk rose with the development of the ATM and adoption by consumers coupled with advanced technologies such as touch-screens. Self-service kiosks are hardware devices that work in combination with self service software, allowing users to perform any number of which deliver a range of prepaid consumer products, customer ease-of-use, and new revenue opportunities for 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. at the National Association of Convenience Stores (NACS) show in Chicago. Coinstar Inc. will demonstrate the TOP-UP(TM) kiosk with partner PRE Solutions Inc. at the exposition in booth # 2427, October 12-14. Featured products include self-service bill payment, a prepaid cash card, cell phone mobile content, online computer game time, prepaid wireless, prepaid long distance and prepaid Internet. "Coinstar has more than a decade of experience in delivering valuable services to consumers via self-service kiosks," said Rich Stillman, president of Coinstar Inc. "We believe our depth of experience, together with our strong value proposition for convenience store retailers and a combination of products not found on other devices, is a great formula for success." Breakthrough Retailer Benefits Coinstar Inc.'s new turnkey service offers an easy way for the retailer to sell prepaid products that require no store involvement, no training, no product inventory, minimal floor space, no tie-up at the checkout and the elimination of loss and theft. Coinstar offers free placement, installation and maintenance of the cash accepting, TOP-UP(TM) kiosk. It requires only two square feet of floor space, a phone line and electricity to operate. Store partners receive a revenue share on all products sold through the TOP-UP(TM) kiosk. The TOP-UP(TM) kiosks are the first offering for convenience store outlets from Coinstar Inc., the leader in self-service supermarket-based coin counting machines. The company already provides kiosks in more than 10,000 major grocery stores, with a history of 225 million automated point-of-sale transactions in the U.S., Canada and the United Kingdom. Diverse Product Line The Coinstar self-service kiosk is a gateway to a broad range of consumer prepaid products. Coinstar offers TOP-UP(TM) services such as bill payment, cell phone mobile content (ring tones, games and graphics), online computer game time, prepaid wireless, prepaid long distance and prepaid Internet. In late November the latest addition to the prepaid line will be the Truth(R) Prepaid MasterCard(R) Card. Future products may be added seamlessly via remote download from Coinstar at no charge to the retailer. Improved Consumer Experience The TOP-UP(TM) kiosk's ease and speed of transaction is unmatched. Purchases, reloads, refills and recharges are done in less than one minute. No card stock is dispensed or necessary. The kiosk prints activation instructions for the consumer's product selection. A toll free number is printed on each receipt for multi-lingual customer support, provided around the clock. For the Truth(R) Prepaid MasterCard(R) Card, the consumer receives a personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. embossed em·boss tr.v. em·bossed, em·boss·ing, em·boss·es 1. To mold or carve in relief: emboss a design on a coin. 2. card in the mail within five to ten business days after activation. Coinstar's kiosk arms convenience store owners with a diverse product line in the fast growth, $56 billion prepaid services industry. Industry analysts project the industry to reach $156 billion by 2007, which includes the rapidly expanding wireless market. "With the traditional postpaid post·paid adj. With the postage having been paid in advance. postpaid Adverb, adj with the postage prepaid Adj. 1. market saturating, prepaid represents the growth engine for wireless in the U.S., expanding from a $7 billion industry in 2003 to $15 billion over the next four years," says Adam Guy, Senior Analyst at the Yankee Group (the Yankee Group, Boston, MA, www.yankeegroup.com) A major market research, analysis and consulting firm founded in 1970 by Howard Anderson. It provides general consulting and strategic planning in the computer and communications field. . "Coinstar's TOP-UP(TM) kiosk enables the wireless industry to easily and cheaply drive prepaid service revenue while putting 'found' money in the pockets of retailers. Certain market segments such as young adults are more inclined to use automated modes of replenishment replenishment the addition of an appropriate quantity of properly prepared solution containing the correct concentration of chemicals to the developer solutions used in radiography. compared with the cash only culture of traditional prepaid. These same segments also show higher interest levels in value-added services such as wireless games, ring tones and messaging." About Coinstar Inc. Coinstar Inc. (Nasdaq:CSTR) owns and operates the only multi-national network of supermarket-based machines that offer coin counting and other electronic services. The company has more than 10,000 machines linked by a sophisticated interactive network throughout 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. , as well as in Canada and the United Kingdom. For more information visit www.coinstar.com on the web. Coinstar is a registered trademark of Coinstar Inc. TOP-UP is a trademark of Pukka puk·ka also puck·a adj. 1. Genuine; authentic. 2. Superior; first-class. [Hindi pakk Inc., a subsidiary of Coinstar Inc. All other trademarks are the property of their respective owners. This press release contains 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. relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc Coinstar Inc.'s anticipated growth and future operating results that involve a number of risks and uncertainties. These are forward-looking statements for purposes of the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions under 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," "expect," "intend," "anticipate," variations of such words, and similar expressions identify forward-looking statements, but their absence does not mean that the statement is not forward-looking. Forward-looking statements in this press release include statements relating to Coinstar Inc.'s new programs, additions to the kiosks, planned rollouts and functionality of the kiosks. Actual results may vary significantly from the results expressed or implied in such statements. Factors that could cause or contribute to such varying results include, but are not limited to, the ability to bring new and repeat customers to Coinstar machines, the ability to obtain new agreements with potential retail partners for the installation of Coinstar units and the retention of the current agreements with our existing retail partners, the successful deployment and operation of our coin processing network, additional potential competitors, technical and functional performance of the kiosks, acceptance of the new products by retailers and customers and uncertainties relating to the ultimate success of new business initiatives and assumptions regarding the wireless services market . These and other risks 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. These forward-looking statements reflect Coinstar's expectations as of October 13, 2003. Coinstar undertakes no duty or obligation to update the information provided herein. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion