Coinstar Inc. to Install Machines in 155 Stop & Shop Stores; New England Expansion Pushes National Coin Counting Network Past 4,000 Machines
July 1, 1998 10:59 AM
BELLEVUE, Wash.--(BUSINESS WIRE)--July 1, 1998--Coinstar Inc. CSTR announced today that it has substantially completed the installation of its self-service coin counting machines in 155 Stop & Shop supermarkets throughout Massachusetts, Connecticut and Rhode Island.
These new installations push Coinstar's network beyond 4,000 machines, with operations in 32 states and 49 metropolitan markets. Coinstar has grown its network by more than 825 machines -- or 25 percent -- since January 1, 1998.
"Our Stop & Shop partnership will help us to solidify our presence in the Northeast," said Jens Molbak, chairman and CEO of Coinstar Inc. "It will also grow our network beyond 4,000 installed machines. With a national network of more than 4,000, we are clearly becoming a regular part of America's shopping experience."
Coinstar has also recently installed its machines in 40 Kroger stores in Memphis, Tennessee and Little Rock, Arkansas as well as 30 Winn Dixie locations in Tampa and Tallahassee, Florida.
Coinstar Inc. develops owns and operates a nationwide network of more than 4,000 automated, self-service coin counting and processing machines that provide consumers with a convenient means of converting loose coins into cash. Consumers can call 800/928-CASH or visit coinstar.com for the location of the nearest Coinstar machine.
This press release contains forward-looking statements that involve a number of risks and uncertainties. Actual results could differ materially from the results identified or implied in any forward-looking statement discussed herein. Factors that could cause or contribute to such differences include, but are not limited to, the risks that 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.
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