Press release from PR Newswire
Coinstar, Inc. Named One of FORTUNE's '100 Fastest-Growing Companies'
Thursday, August 26, 2010
NEW YORK, Aug. 26 /PRNewswire-FirstCall/ -- FORTUNE announced this week that Coinstar, Inc. (Nasdaq: CSTR) has been ranked #61 on the 2010 "100 Fastest-Growing Companies" list. The full list and related stories appear in the September 6, 2010 issue of FORTUNE, available on newsstands on Monday, August 23, and at http://money.cnn.com/magazines/fortune/fortunefastestgrowing/2010/index.html.
FORTUNE Managing Editor Andy Serwer writes in the September 6, 2010 issue, "The troubled economy is on all of our minds these days, but sometimes we forget that even in the long slog we seem to be in, entrepreneurs are hard at work creating the next Cisco or Amgen or Starbucks."
"Coinstar is committed to innovation in the automated retail space, and we're excited to see our growth recognized by FORTUNE," said Paul Davis, chief executive officer of Coinstar, Inc. "With approximately 23,000 kiosk locations and a 25 percent rental market share, redbox is a leader in the DVD rental market. Our coin-counting business is also strong as we process about $3 billion in consumer coin annually. With two leading brands and expertise in self-service, we will continue to innovate and drive growth through our automated retail strategy."
To qualify for 100 Fastest-Growing Companies, foreign or domestic companies had to meet the following criteria: be trading on a major U.S. stock exchange; file quarterly reports with the SEC; have a minimum market capitalization of $250 million and a stock price of at least $5 on June 30, 2010; and have been trading continuously since June 30, 2007. The company must also have revenue and net income of at least $50 million and $10 million, respectively, for the four quarters ended on or before April 30, 2010. Finally, the company must have posted an annualized growth in revenue and earnings per share of at least 15% annually over the three years ended on or before April 30, 2010.
For a full explanation of FORTUNE's methodology, please visit http://money.cnn.com/magazines/fortune/fortunefastestgrowing/2010/faq/ .
FORTUNE magazine is a global leader in business journalism with a domestic circulation of over 850,000 and a global readership of nearly 5 million, and major franchises including the FORTUNE 500 and the FORTUNE 100 Best Companies to Work For. FORTUNE Live Media extends the brand's mission into live events, hosting a wide range of annual conferences, including FORTUNE's Most Powerful Women and the FORTUNE Global Forum. FORTUNE publishes English-language editions in Europe and Asia, and local-language editions in China and South Korea. FORTUNE magazine's online home is CNNMoney.com, which draws 5.7 million readers a month.
About Coinstar, Inc.
Coinstar, Inc. (NASDAQ: CSTR) is a leading provider of automated retail solutions offering convenient services that make life easier for consumers and drive incremental traffic and revenue for retailers. The company's core automated retail businesses include the well-known redbox® self-service DVD rental and Coinstar® self-service coin-counting brands. The company has approximately 26,900 DVD kiosks and 19,000 coin-counting kiosks in supermarkets, drug stores, mass merchants, financial institutions, convenience stores, and restaurants. For more information, visit www.coinstar.com.
SOURCE Coinstar, Inc.
For further information: Marci Maule of Coinstar, Inc., +1-425-943-8277, firstname.lastname@example.org