Coinstar Subsidiary Sugarloaf Signs Licensing Agreement with NASCAR; NASCAR-Branded Products to Be Available This Fall in Entertainment Equipment.CHICAGO -- 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 its subsidiary Sugarloaf Creations, Inc. has entered into an agreement with NASCAR NASCAR (National Association for Stock Car Auto Racing), organization that sanctions American stock-car races, est. 1948. It held its first race in Daytona Beach, Fla. , Inc. giving rights to manufacture and vend a variety of NASCAR- and NASCAR-driver-licensed products for its line of entertainment equipment. The announcement was made in conjunction with the annual National Restaurant Association show in Chicago where Sugarloaf is exhibiting its line of entertainment services. "We are very excited about our new relationship with NASCAR and our ability to offer a NASCAR-branded product line," said Randy Fagundo, president of Sugarloaf. "We pride ourselves in offering products that are popular and contemporary and with the interest in NASCAR being at an all-time high, we know that it will be met with a great deal of enthusiasm." The agreement allows Sugarloaf to manufacture and vend a variety of NASCAR products, including plush toys, vinyl toys, beanie bean·ie n. A small brimless cap. [Probably from bean, head.] beanie Noun Brit, Austral & NZ close-fitting woollen hat Noun plush toys, hats, watches and capsulated cap·su·late also cap·su·lat·ed adj. Enclosed in or formed into a capsule. cap  su·la toys. The product line will be distributed by Sugarloaf via the company's network of skill crane machines and bulk vending Bulk Vending is the sale of unsorted confections, nuts, gumballs, toys and novelties (in capsules) selected at random and dispensed generally through non-electrically operated vending machines. equipment. The agreement also allows Sugarloaf to manufacture and operate dedicated NASCAR skill crane machines and NASCAR kiddie rides. "NASCAR offers a versatile range of licensed products to its loyal fans and Sugarloaf is providing a terrific opportunity for a wide range of this merchandise to be available in an attractive and entertaining format," said Mark Dyer, NASCAR Vice President for Licensing. The merchandise will be available beginning this fall with plans to expand to Sugarloaf's more than 18,000 locations in the next one to two years. About Coinstar, Inc. Coinstar, Inc. (Nasdaq:CSTR) is a multi-national company offering a range of products and services consisting of coin counting, electronic payment solutions and entertainment services. The company's front-of-store offerings can be found at convenient retail locations including supermarkets, drug stores, mass merchants, convenience stores, and restaurants. Coinstar's entertainment services business is operated through its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. Sugarloaf Creations, Inc. Sugarloaf is among the country's leading owners and operators of skill-crane and bulk vending machines. For more information, visit www.coinstar.com or www.sugarloaf-usa.com. About NASCAR, Inc. The National Association for Stock Car Auto Racing National Association for Stock Car Auto Racing: see NASCAR. , NASCAR, is the sanctioning body for one of America's premier sports, which is the second highest-rated sport on television and has the most corporate involvement of any major sport. NASCAR sanctions approximately 1,800 races at 120 tracks in 38 states. The licensing division of NASCAR, based in Charlotte, N.C., works with more than 200 licensees nationwide. Overall, NASCAR fans purchased $2.1 billion in NASCAR-licensed merchandise in 2004. Headquartered in Daytona Beach, FL, NASCAR also has offices in Concord, N.C., Los Angeles, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Toronto, and Bentonville, Ark. |
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