Tesco, United Kingdom's Top Supermarket Chain, Rolls Out Coinstar Coin Counting.
BELLEVUE, Wash. -- Coinstar, Inc. (NASDAQ NASDAQ
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CSTR Combat System Trial Rehearsal (US DoD) ) today announced that its subsidiary Coinstar Limited expects to roll out its innovative Coins to Cash[TM] service to approximately 300 large Tesco stores. Coinstar will now have a presence in the United Kingdom's top four supermarket chains (Tesco, Sainsburys, Asda and Morrisons).
The self-service Coinstar[R] machines count loose, unsorted change for a nominal fee and issue a voucher A receipt or release which provides evidence of payment or other discharge of a debt, often for purposes of reimbursement, or attests to the accuracy of the accounts. that can be spent in the store or exchanged for cash. The service has been available in the United Kingdom since 2001.
"We are delighted to be launching the Coinstar service in Tesco stores, the U.K.'s largest supermarket chain," said Alex Camara, senior vice president and general manager of worldwide coin for Coinstar, Inc. "These installations will expand our national footprint in the U.K. and will bring our total installations to more than 1,000."
The roll-out started in late 2006 and will continue in 2007 and will encompass stores throughout Britain.
"The Coinstar machines will make for an even more convenient shopping experience. I'm sure it will be especially useful for those who are short on time or do not want the challenge of having loose change. We look forward to the machines being introduced into our stores," said Mark Mason, product development manager for Tesco.
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, money transfer, entertainment services and self-service DVD DVD: see digital versatile disc.
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, financial institutions, 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.
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 future availability of Coinstar machines. 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 effect of and financing of recent acquisitions, the ability to successfully integrate acquired businesses, the ability to bring new and repeat customers to Coinstar machines, the ability to obtain new agreements with potential retailers for the installation of Coinstar machines and the retention of the current agreements with our existing retailers on terms that are not materially adverse to Coinstar, Inc., and legal or governmental regulatory action and uncertainties relating to relating to relate prep → concernant
relating to relate prep → bezüglich +gen, mit Bezug auf +acc the ultimate success of new business initiatives. The foregoing list of risks and uncertainties is illustrative il·lus·tra·tive
Acting or serving as an illustration.
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 II of our most recent Quarterly Report on Form 10-Q Form 10-Q
See 10-Q. 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.