Coinstar Ranked Third Fastest-Growing Technology Company in Deloitte & Touche ''Fast 50''.BELLEVUE, Wash.--(BUSINESS WIRE)--Sept. 27, 1999-- Five Year Revenue Growth of 14,568% Earns Coinstar High Ranking See Google bomb. on Prestigious List 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 retail-based coin counting and e-services company, today announced it has been named to Deloitte & Touche's prestigious "Fast 50" in Washington state. The annual rankings are based on the percentage growth in revenues during the five-year period from 1994-1998. "It is an honor As a verb, to accept a bill of exchange, or to pay a note, check, or accepted bill, at maturity. To pay or to accept and pay, or, where a credit so engages, to purchase or discount a draft complying with the terms of the draft. to be named to Deloitte and Touche's Fast 50 list," 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. "This recognition underscores how popular our service is with consumers and retailers alike and validates the incredible job done by the talented and dedicated employees at Coinstar. In addition to the revenue growth over the past 5 years, we have grown from 31 units installed in 1994 to over 6,300 today. To date, the network of Coinstar machines has completed over 50 million transactions, and processed over $1.7 billion dollars of coins." "While we are very pleased to be recognized for our growth over the past five years, we're focused on the future, and excited about the growth opportunities in our core coin business combined with our new e-services initiatives," continued Molbak. "We hope that these exciting opportunities will continue to propel pro·pel tr.v. pro·pelled, pro·pel·ling, pro·pels To cause to move forward or onward. See Synonyms at push. [Middle English propellen, from Latin Coinstar's momentum, maintaining a high growth rate." "Today, there are more than 22,000 high technology companies in 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. , many of which are competing for the same market here in the states and worldwide," said Larry Hile, partner at Deloitte & Touche. "The Fast 50 winners for Washington have proven that they can compete successfully by consistently delivering technological wonders. We at Deloitte & Touche commend com·mend tr.v. com·mend·ed, com·mend·ing, com·mends 1. To represent as worthy, qualified, or desirable; recommend. 2. To express approval of; praise. See Synonyms at praise. 3. Coinstar for having the vision and determination to become one of the 50 fastest growing technology companies in Washington state." Coinstar's revenue increase of 14,568% over the five-year period of 1994 to 1998 resulted in third-place ranking in the Fast 50 for Washington state. To qualify for the Fast 50, companies must have had revenues of at least $50,000 in 1994 and at least $1,000,000 in 1998. They also must be public or private technology companies headquartered in Washington state. Winners of the 19 regional Fast 50 programs in the United States are automatically entered in the Deloitte & Touche Technology Fast 500 program, which ranks the nation's top 500 fastest-growing technology companies. For more information on the Deloitte & Touche Fast 50 or Fast 500 programs, visit the web site at www.fast50.com. Coinstar and its subsidiaries provide consumers and retailers with value-added services A value-added service (VAS) is a telecommunications industry term for non-core services or, in short, all services beyond standard voice calls and fax transmissions. that increase customer loyalty and retailer profitability. The Coinstar network currently delivers the company's self-service coin counting product to consumers in more than 6,300 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. Consumers can call 1-800-928-CASH, or visit http://www.findcoinstar.com for the location of the nearest Coinstar machine. |
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