Cumberland Farms to Carry Coinstar 'Pay as You Go' Product Line.Turnkey See turnkey system. solution drives traffic, new customers and revenue BELLEVUE, Wash. -- 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) ) and Cumberland Farms, the largest convenience store and petroleum marketer in the Northeast, today announced that Coinstar E-Payment Services' full range of 'pay as you go' products will be available to consumers at approximately 600 Cumberland Farms stores. The product line includes national and regional prepaid pre·pay tr.v. pre·paid, pre·pay·ing, pre·pays To pay or pay for beforehand. pre·pay ment n. wireless programs, prepaid
MasterCard[R] and VISA[R] stored value debit cards debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. , leading gift cards
and more.
"We are pleased to offer this extensive range of pay as you go products to the Cumberland Farms shopper. And, since Coinstar manages every aspect of the program, making it completely turnkey, store employees can focus on their main objective - customer service," said Ron Saumur, Director of Retail Business Development for Cumberland Farms. With a full range of customizable technology platforms, Coinstar removes the challenges traditionally faced by retailers offering 'pay as you go' products. The turnkey, no-cost inventory solution is designed to maximize category performance by optimizing the product mix and targeting shopper needs. Coinstar manages the set-up, training, ongoing merchandising and replenishment replenishment the addition of an appropriate quantity of properly prepared solution containing the correct concentration of chemicals to the developer solutions used in radiography. of the products and provides comprehensive chain and store reporting. "We're very excited to distribute our line of 'pay as you go' products through the largest convenience store and petroleum marketer in the Northeast," said Steve Verleye, Senior Vice President and General Manager of E-Pay at Coinstar, Inc. "By offering such a wide range of choices to its customers, Cumberland Farms will have the ability to attract new customers and generate additional store traffic." The 'pay as you go' product line is expected to be available in Cumberland Farms stores in 11 states in the northeast and Florida beginning in mid-August. About Coinstar, Inc. Coinstar, Inc. (Nasdaq: CSTR) is a multi-national company offering a range of 4th Wall[TM] solutions for the retailers' front of store consisting of self-service coin counting, electronic payment solutions, entertainment services and self-service DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. rental. The company's products and services can be found at more than 60,000 retail locations including supermarkets, banks, 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. For more information, visit www.coinstar.com. About Cumberland Farms Cumberland Farms is committed to providing its customers with value, convenience and unparalleled service. Its network of retail stores, gas stations, and a support system including petroleum, dairy and grocery distribution operations spans 11 states across the Northeast and Florida, making it the largest convenience store/petroleum marketer in the Northeast. Cumberland Farms takes pride in its corporate citizenship Corporate Citizenship The extent to which businesses are socially responsible in meeting legal, ethical and economic responsibilities placed on them by shareholders. The aim it to create higher standards of living and quality of life in the community in which it operates, while . Through its Corporate Giving Program for Youth, the Company is working to improve the prospects for young people, to encourage and support young people's achievements in business and leadership, and to provide educational opportunities for young people. Certain statements in this press release are "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. " within the meaning of 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," "estimate," "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 in this release include statements regarding the expected availability of 'pay as you go' products in Cumberland Farms stores. Forward-looking statements are not guarantees of future performance and actual results may vary materially 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. Such risks and uncertainties include, but are not limited to, the termination, non-renewal or renegotiation on materially adverse terms of our contracts with our significant retailers, payment of increased service fees to retailers, the ability to attract new retailers, penetrate new markets and distribution channels, cross-sell our products and services and react to changing consumer demands, the ability to achieve the strategic and financial objectives for our entry into or expansion of new businesses, the ability to adequately protect our intellectual property, and the application of substantial federal, state, local and foreign laws and regulations specific to our business. The foregoing list of risks and uncertainties is illustrative il·lus·tra·tive adj. Acting or serving as an illustration. il·lus tra·tive·ly adv.Adj. 1. , but by no means exhaustive. For more information on factors that may affect future performance, please review "Risk Factors" described in Item 1A of Part I of our most recent Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed with the Securities and Exchange Commission. These forward-looking statements reflect Coinstar, Inc.'s expectations as of the date of this release. Coinstar, Inc. undertakes no obligation to update the information provided herein. |
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