Coinstar Inc. Adds Two Supermarket Partners.BELLEVUE, Wash.--(BUSINESS WIRE)--Aug. 4, 1997-- Third-quarter commitments come on heels of second-quarter expansion. 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) ) today announced that it has received a commitment that will expand the company's presence in the Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. region. Stater stat·er 1 n. A resident of a particular state or type of state. Often used in combination: Lone Star staters; farm staters; the struggle between slave staters and free staters. Noun 1. Brothers, a Colton, California-based chain of supermarkets, has signed an agreement to install Coinstar(R) coin counting machines in 80-90 store locations. The Stater Brothers expansion will increase the number of Coinstar machines in the greater Los Angeles region by 22 percent. This installation will bring the Los Angeles region, the largest in the Coinstar network, to a total of 464 machines. "This is an important installation for our company," said Jens Molbak, president and 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 Coinstar Inc. "Stater Brothers is a well-respected chain that will significantly broaden our presence in the Los Angeles region, especially in the Inland Empire In·land Empire A region of the northwest United States between the Cascade Range and the Rocky Mountains, comprising eastern Washington, eastern Oregon, northern Idaho, and western Montana. Farming, lumbering, and mining are important to the area. . By increasing our installation base in an existing market, we have the opportunity to realize continued operating and marketing efficiencies." Coinstar also announced a commitment by Kash & Karry to bring the Coinstar service to approximately 90 stores in the Tampa/St. Petersburg area. The Tampa/St. Petersburg installation marks the 25th state and 35th regional market in which Coinstar operates. The Los Angeles and Tampa expansions come on the heels of a second quarter that saw the company install 406 machines in six new regional markets including Detroit, Nashville, New Orleans New Orleans (ôr`lēənz –lənz, ôrlēnz`), city (2006 pop. 187,525), coextensive with Orleans parish, SE La., between the Mississippi River and Lake Pontchartrain, 107 mi (172 km) by water from the river mouth; founded , Toledo, Las Vegas, and a pilot in Chicago. Coinstar's relationship with the Kroger Company was also broadened in the second quarter with the installation of 117 machines in two regional markets. Coinstar develops, owns and operates a network of automated, self-service coin counting and processing machines that provide consumers with a convenient means to convert loose coins into cash. The company currently has more than 2,400 units operating in supermarkets throughout the U.S. Coinstar is headquartered in Bellevue, WA. -0- Visit Coinstar on the internet at www.coinstar.com CONTACT: Coinstar, Inc. Fi.Comm Kirk Collamer Cathy Corley Chief Financial Officer Investor Relations Investor relations The process by which the corporation communicates with its investors. 425/644-6789 206/467-6732 |
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