Coinstar in Discussion with Michigan National Bank to Issue MasterCard Branded Prepaid Cards Through Coinstar Network.Business Editors BELLEVUE, Wash.--(BUSINESS WIRE)--Feb. 26, 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 clarified information in a Feb. 21, 2001, press release in which Coinstar, DataWave Systems (CDNX CDNX See Canadian Venture Exchange (CDNX). :DTV (Digital TeleVision) Transmitting TV using digital signals. The major DTV standards are ATSC (North America), DVB (Europe) and ISDB (Japan). All three use MPEG-2 video compression and Dolby Digital audio compression. DVB and ISDB also include MPEG audio compression. .V) (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DWVSF), and Michigan National Bank Michigan National Bank was established on 31 December 1940 when Howard J Stoddard consolidatied six Michigan banks: First National Bank and Trust Company of Grand Rapids, First National Trust and Savings Bank of Port Huron, Lansing National Bank, Battle Creek's Security National announced that Michigan National would issue a MasterCard branded prepaid card through the Coinstar and DataWave networks. Michigan National has received approval from MasterCard to issue MasterCard branded prepaid cards through the Coinstar network using DataWave technology, and Coinstar and DataWave have agreed to develop add-on equipment to Coinstar's machines for the issuance of prepaid cards. While Coinstar has not yet reached a final agreement with Michigan National and DataWave, Coinstar expects to reach an agreement within the next few months for an in-store pilot with Michigan National and DataWave for the delivery of MasterCard branded prepaid cards. About Coinstar Inc. Coinstar Inc. (Nasdaq:CSTR) owns and operates the only nationwide network of supermarket-based machines that offer coin counting and other electronic services. Linked by a sophisticated interactive network, the company has more than 8,500 machines throughout the United States as well as in Canada and the United Kingdom. Meals.com, the company's majority-owned subsidiary majority-owned subsidiary A firm in which more than 50% of outstanding voting stock is owned by the parent company. , is an infrastructure provider that helps supermarket retailers and packaged goods manufacturers communicate directly to consumers through the use of online and in-store technologies. This press release contains forward-looking statements relating to Coinstar's anticipated growth and future operating results that involve a number of risks and uncertainties. These are forward-looking statements for purposes of the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The words "believe", "expect", "intend", "anticipate", variations of such words, and similar expressions identify forward-looking statements, but their absence does not mean that the statement is not forward-looking. Actual results may vary significantly from the results expressed or implied in such statements. Factors that could cause or contribute to such varying results include, but are not limited to, the continued consolidation of Meals.com's losses, the ability to obtain new agreements with potential retail partners for the installation of Coinstar units, the successful deployment and operation of our coin processing network and customer utilization of our service. These and other risks 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. In addition, there can be no assurance that Coinstar will be successful in securing definitive agreements with DataWave and Michigan National Bank relating to the issuance of MasterCard branded prepaid cash cards through the Coinstar network. |
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