Coinstar Serves Its 100 Millionth Customer.Business Editors BELLEVUE, Wash.--(BUSINESS WIRE)--Jan. 8, 2001 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 has served its 100 millionth customer. The milestone transaction took place yesterday at a Coinstar in a Safeway store in Silver Spring, Maryland Not to be confused with Silver Springs. Silver Spring is an urbanized, unincorporated area in Montgomery County, Maryland, USA. After Baltimore and Columbia, Silver Spring is the third most populous Census Designated Place in Maryland. . Today's news comes just 35 days after the company announced it had processed a record-breaking $1 billion in coins in 2000, bringing the total amount processed by Coinstar since 1992 to $3 billion. "Every day more and more Americans discover the convenience of using Coinstar," said Rich Stillman, COO (Cell Of Origin) See mobile positioning. of Coinstar. "Coinstar has grown from a company with four machines and a few dozen loyal customers eight years ago to a company that today serves more than three million customers every month." Jens Molbak invented Coinstar while a graduate student at Stanford University Stanford University, at Stanford, Calif.; coeducational; chartered 1885, opened 1891 as Leland Stanford Junior Univ. (still the legal name). The original campus was designed by Frederick Law Olmsted. David Starr Jordan was its first president. . Molbak, who had an ever-increasing coin collection, realized there was no easy way to cash in his coins. He decided to solve his problem by designing a machine that would make it easy for him and others to turn their accumulated coins into cash. Less than 10 years later, Coinstar has relationships with leading retailers such as Kroger, Albertson's and Safeway and its machines are found in more than 8,500 supermarkets in three countries -- 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. , Canada, and the United Kingdom. About Coinstar Inc. 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 8,500 strong network of machines is currently available to 130 million consumers in 45 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. 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. |
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