Coinstar Inc. to Deliver Valuable Services Through Nationwide Network.Business/High-Tech Editors BELLEVUE Bellevue (bĕl`vy ).1 City (1990 pop. 30,982), Sarpy co., E Nebr., a suburb of Omaha, on the Missouri River; inc. 1855. , Wash.--(BUSINESS WIRE)--June 9, 2000 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 it will use its nationwide network of more than 7,500 supermarket based machines to deliver printable print·a·ble adj. 1. Capable of being printed or of producing a print: printable negatives. 2. Fit for publication: printable language. items ordered over the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the . The service will give consumers a convenient place to pick up tickets to entertainment or sporting events, as well as coupons and other high value items. Coinstar plans to begin offering these added services early next year. "Today's announcement is an important step toward unlocking the tremendous power inherent in our coast-to-coast network," said Dan Gerrity, 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. "Coinstar will soon be in a position to deliver printable items securely from the Internet to supermarkets nationwide and the more than 100 million people who walk by a Coinstar machine each week. In this way, we will be adding more value to our customers." In addition to having machines in one of the most convenient places on earth, Coinstar also has a secure printing system. This means tickets, coupons, and other items are only printed once and on paper that cannot be copied or altered in any way. Already, Coinstar has printed more than $2.3 billion through this system. Coinstar has received positive reaction to this new service from consumers and the supermarket industry. Today's announcement follows news late last week that Coinstar is exploring the delivery of pre-paid cards -- such as debit A monetary amount that is subtracted from an account balance. A debit from one account is a credit to another. See credit. , credit and phone cards -- through its network. Coinstar's 89 percent-owned subsidiary, Meals.com Inc., will become the first company to utilize this new service. Meals.com will use personalization Custom tailoring information to the individual. On the Web, personalization means returning a page that has been customized for the user, taking into consideration that person's habits and preferences. technology to offer relevant coupons to consumers visiting its recipe and meal planning Web sites. Consumers can pick up those coupons at any one of Coinstar's 7,500 machines. Once they arrive at the supermarket, all consumers would enter a special number into the Coinstar machine. The Coinstar machine would then call an Internet server, retrieve the coupons, and present the consumer with a print out containing their selections. "Research indicates that 70 percent of brand decisions are made once consumers are in the store," said Jens Molbak, CEO of Meals.com. "Meals.com's ability to target coupons to people thinking about food and then deliver those coupons in the supermarket is a winning combination for consumers and packaged goods Noun 1. packaged goods - groceries that are packaged for sale foodstuff, grocery - (usually plural) consumer goods sold by a grocer plural, plural form - the form of a word that is used to denote more than one manufacturers." Coinstar is in discussions with several companies that are interested in distributing products through Coinstar's secure in-store network. About Coinstar Inc. Recently ranked the country's eighteenth fastest growing technology company, Coinstar Inc. (Nasdaq:CSTR) and its subsidiaries, Meals.com and Coinstar International, use technology to deliver time and money saving services to consumers in their local supermarkets. Coinstar's 7,500 strong network of machines is currently available to 125 million consumers in 40 states and 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). , as well as in Canada and the United Kingdom. Consumers can visit www.findcoinstar.com or call 1-800-928-CASH to find the nearest Coinstar(R) machine. About Meals.com Meals.com helps consumers bridge the gap between the Internet and the store. Its network of branded and private label Web sites features more than 10,000 recipes, which can be sorted by theme and cuisine Cuisine (from French cuisine, "cooking; culinary art; kitchen"; ultimately from Latin coquere, "to cook") is a specific set of cooking traditions and practices, often associated with a specific culture. . The network also contains extensive search and scaling features, as well as helpful commentary and useful cooking tips. Meals.com's Shopper kiosks serve as in-store consumer access points. Consumers can use the Shopper to print out meal plans, shopping lists, and to receive money saving offers. Consumers save time and money when planning meals and shopping for groceries gro·cer·y n. pl. gro·cer·ies 1. A store selling foodstuffs and various household supplies. 2. groceries Commodities sold by a grocer. while manufacturers and retailers receive the opportunity to communicate one-to-one with consumers through Web site advertising and the sponsorship of recipes, which highlight their products. 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. 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. |
|
||||||||||||||||

)
Printer friendly
Cite/link
Email
Feedback
Reader Opinion