Press release from PR Newswire
Redbox and NEXCOM Expand the Availability of DVD Rental Kiosks at Naval Bases in the U.S.
Thursday, April 29, 2010
Redbox and NEXCOM Expand the Availability of DVD Rental Kiosks at Naval Bases in the U.S.16:03 EDT Thursday, April 29, 2010OAKBROOK TERRACE, Ill., April 29 /PRNewswire/ -- Redbox Automated Retail, LLC, a wholly-owned subsidiary of Coinstar, Inc. (Nasdaq: CSTR) and one of the country's most popular DVD rental kiosk companies, and the Navy Exchange Service Command (NEXCOM) will expand the availability of redbox� DVD rental kiosks at Navy Exchanges located on U.S. Naval installations. Redbox is the exclusive supplier of DVD rental kiosks to NEXCOM and currently more than 66 redbox kiosks can be found on 47 of the 56 Naval installations in the continental U.S. �The company expects to install approximately 20 additional kiosks at NEXCOM bases throughout 2010, including Pearl Harbor this summer. "We are proud to work with NEXCOM to provide servicemen and women and their families with convenient access to affordable, new release DVD rentals at Naval bases across the U.S.," said Mitch Lowe, president, redbox. "Redbox kiosks can be found in more than 21,000 convenient locations nationwide and we are pleased to include U.S. Naval bases among our growing number of locations." "As vending machine technology and secured communications became available, the Navy Exchange Service Command wanted to utilize these advances to increase DVD rental availability to our active duty personnel and their families," said Richard Dow, Senior Vice President Operations, NEXCOM. "Outside machine placement, secure credit card acceptance and vendor service were key points in moving forward. Today, we are providing approximately 18,000 DVDs per week. �The program benefits include convenient access to machines, reserving DVDs online and DVD returns to any redbox machine nationwide. We are excited about the success and especially the value to our customers with a '$1 per day rental.' This is truly a great service and benefit to our Navy family." � � Redbox DVD rental kiosks are available nationwide at select McDonald's restaurants, leading grocery and convenience stores, Walmart and Walgreens stores and other locations. �In addition to Naval bases in the U.S., redbox kiosks are now available at select airports, libraries and within national landmarks like the Willis Tower in Chicago, the Pentagon and the Empire State Building in New York City. To find the nearest redbox locations, consumers can visit www.redbox.com and type in their address or use the GPS-feature found within the free iPhone� app from redbox available at the iPhone App Store. Each fully automated redbox kiosk holds 630 DVDs, representing up to 200 of the newest movie releases. �Consumers simply use a touch screen to select their favorite movies, swipe a valid credit or debit card and go. For added convenience, movie-lovers can reserve DVDs online at www.redbox.com or via an iPhone and pick them up at the redbox location of their choice.About RedboxRedbox Automated Retail, LLC, a wholly-owned subsidiary of Coinstar, Inc. (NASDAQ: CSTR), offers new release DVD rentals through its network of conveniently located, self-service kiosks. �Redbox has rented over 750 million DVDs and is available at approximately 21,600 locations nationwide, including select McDonald's restaurants, leading grocery and convenience stores, and Walmart and Walgreens locations in select markets. �For more information, visit www.redbox.com.About NEXCOMThe Navy Exchange Service Command (NEXCOM) is headquarters for the worldwide Navy Exchange System that oversees 103 Navy Exchange facilities and its 300 stores worldwide; 42 Navy Lodges; Ship's Stores; Uniform Program Management Office and Navy Family Support Programs. �NEXCOM's mission is to provide authorized customers quality goods and services at a savings and to support quality of life programs for active duty military, retirees, reservists and their families. �The Navy Exchange enterprise operates primarily as a non-appropriated fund (NAF) business instrumentality. �Revenues generated are used to support Morale, Welfare, and Recreation (MWR) programs. �In FY08, $2.5 billion in sales were generated with over $45 million in profits provided to Navy MWR programs. �Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including phrases conveying expectation or intent and other expressions identifying future performance. Forward-looking statements are not guarantees of future performance which may vary materially from performance expressed or implied in the forward-looking statements. Differences may result from actions taken by Coinstar, Inc or. redbox as well as those of third parties and from risks and uncertainties beyond our control. Such risks and uncertainties include, but are not limited to, changes in the number and timing of anticipated installations and the termination, non-renewal or renegotiation on materially adverse terms of contract terms with our significant retailers. The foregoing risks and uncertainties are illustrative, but by no means exhaustive. For more information on factors that may affect future performance, please review "Risk Factors" described in our most recent Form 10-K and any subsequent Quarterly Reports on Form 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.SOURCE Redbox Automated RetailFor further information: Laura Dihel of JSH&A Public Relations, +1-630-776-0747, firstname.lastname@example.org, for Redbox Automated Retail; or Kristine Sturkie, Public Affairs Specialist of NEXCOM, +1-757-631-3648