Coinstar to Offer Retailers Gift Card Mall; First Program to Offer Complete Solution.BELLEVUE, Wash. -- Coinstar E-Payment Services, Inc., a 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. of 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 plans to roll out its gift card mall program to feature leading dining, clothing, entertainment, book, home and service cards for shopper convenience. The gift card mall program gives grocery, drug and other retailers a turnkey, innovative gift card program to drive incremental Additional or increased growth, bulk, quantity, number, or value; enlarged. Incremental cost is additional or increased cost of an item or service apart from its actual cost. traffic, sales and profits into the store. While consumer demand for gift cards is rising sharply from $79 billion in 2004 to a projected $132 billion by 2008 (1), existing gift card mall solutions have limitations and can be costly to maintain. "Coinstar's gift card mall is a step up from what exists for retailers today," said Steve Verleye, general manager of electronic payment solutions. "After talking to Noun 1. talking to - a lengthy rebuke; "a good lecture was my father's idea of discipline"; "the teacher gave him a talking to" lecture, speech rebuke, reprehension, reprimand, reproof, reproval - an act or expression of criticism and censure; "he had to retailers and examining current gift card mall solutions, we believe we've developed a program that addresses retailer challenges while maximizing their sales and profit opportunity. Our program is unique in that we allow retailers to maximize gift card mall revenues with a solution and card portfolio that best fits their needs. In addition, our complete service can reduce labor costs through Coinstar's category management approach." Coinstar's gift card mall program represents the company's latest move in developing a comprehensive offering that helps retailers increase consumer traffic and drive profit at the front of the store. The program's category management process includes inventory control, management of card sourcing, display design and merchandising and technology integration for point-of-sale. Coinstar's gift card portfolio will include regional and national retail branded gift cards as well as gift cards from online retailers. Coinstar, Inc. also plans to offer the unique ability to integrate its self-service kiosk The self-service kiosk rose with the development of the ATM and adoption by consumers coupled with advanced technologies such as touch-screens. Self-service kiosks are hardware devices that work in combination with self service software, allowing users to perform any number of with point-of-sale solutions so that in the future gift cards can also be reloaded at the Coinstar, Inc. kiosk. "Coinstar, Inc. prides itself in being a one-stop supplier for retailers' front-of-store needs, which today consists of self-service coin counting, e-payment services and entertainment services," added Verleye. "The gift card mall is a natural extension to our e-payment or pay-as-you-go product line." About Coinstar Coinstar E-payment Services Inc. is a wholly owned subsidiary of Coinstar, Inc. (NASDAQ: CSTR). Coinstar, Inc., founded in 1991, pioneered self-service coin counting to provide consumers a convenient and innovative means to convert loose coins into cash. Today, Coinstar, Inc. is a multi-national company that through its subsidiaries offers a range of products consisting of coin counting, electronic payment solutions, and entertainment services at more than 44,000 retail locations worldwide, including supermarkets, drug stores, mass merchants, convenience stores The following is a list of convenience stores organized by geographical location. Stores are grouped by the lowest heading that contains all locales in which the brands have significant presence. , and restaurants. American Coin Merchandising Inc. and Cell Cards of Illinois, L.L.C., are also wholly owned subsidiaries of Coinstar, Inc. For more information visit http://www.coinstar.com. (1) The Pelorus pe·lo·rus n. pl. pe·lo·rus·es A fixed compass card on which bearings relative to a ship's heading are taken. [Origin unknown.] Group, "Stored Value: Transforming the Payment Industry," July 2004. Market estimates include both retailer and bank gift cards. 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. relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc Coinstar, Inc.'s plans to roll out a gift card mall program through its wholly owned subsidiary, the benefits of the program to retailers and the rising demand for gift cards. 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," "goals," variations of such words, and similar expressions identify forward-looking statements, but their absence does not mean that the statement is not forward-looking. The forward-looking statements are not guarantees of future performance and actual results may vary significantly from the results expressed or implied in such statements. Differences may result from actions taken by Coinstar, Inc., as well as from risks and uncertainties beyond Coinstar, Inc.'s control. Factors that could cause or contribute to such differences include, but are not limited to, the ability to negotiate, enter into and maintain contracts with retailers for e-payment products, competition from other e-payment providers  This article reads like an unsourced personal reflection or and may require .Please help [ improve this article] by rewriting this article in an . , some of whom have greater experience in this area than we do, continued growth of the e-payment industry and uncertainties relating to the ultimate success of new business initiatives. The foregoing list of risks and uncertainties is illustrative, but by no means exhaustive. For more information on factors that may affect future performance, please review the most recent reports filed with the Securities and Exchange Commission by Coinstar, Inc. These forward-looking statements reflect Coinstar, Inc.'s expectations as of February 24, 2005. Coinstar, Inc. undertakes no obligation to update the information provided herein. |
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