Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Outerwall (OUTR), formerly Coinstar (CSTR) -- Ignore unavailable to you. Want to Upgrade?

To: david siple who wrote (190)	12/3/1998 11:10:00 AM
From: Gerald Thomas	Read Replies (1) \| Respond to of 351

Coinstar Inc. Announces Midwest Expansion WithAddition of Machines in Missouri and Michigan December 3, 1998 11:00 AM BELLEVUE, Wash.--(BUSINESS WIRE)--Dec. 3, 1998--Coinstar Inc. CSTR today announced its expansion into two new Midwestern markets. The company has just completed the installation of 64 new coin counting machines at Schnucks supermarkets in St. Louis, Missouri. An additional 26 machines were also installed in Kessel and Kroger stores in Flint, Michigan. "We are excited about offering consumers in the Midwest an easy way to turn their coins into cash," said Jens Molbak, CEO of Coinstar Inc. "We are partnering with market leaders in St. Louis and Flint who understand the spending power of their customers' coins." Founded in 1939, Schnucks Markets, Inc. is a family-owned regional supermarket company with about 90 stores in Missouri, Illinois, and Indiana. Long known as "The Friendliest Stores In Town," Schnucks takes great pride in offering its customers the very best in service, selection, convenience and value. "We are providing Coinstar(R) machines at Schnucks as a way to offer our customers another valuable service when they come to do their shopping," said Craig D. Schnuck, Chairman and Chief Executive Officer of Schnucks Markets, Inc. "Our preliminary research with customers has been very positive." Since first introducing the machines in 1992, Coinstar, Inc. has processed more than 70,000 tons of coin and has conducted more than 35 million customer transactions at its more than 4,600 locations. Coinstar Inc. develops, owns and operates a network of automated, self-service coin counting and processing machines that provide consumers with a convenient means of converting loose coins into cash. More than 4,600 Coinstar machines are installed in 35 states throughout the U.S. Consumers can call 1-800-928-CASH or visit coinstar.com for the location of the nearest Coinstar machine. Photos can be downloaded from the Coinstar website at: coinstar.com. 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. Top