The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from PR Newswire

Redbox Pens Agreements Expanding Presence at Convenience Store Locations Nationwide

Thursday, September 16, 2010

Redbox Pens Agreements Expanding Presence at Convenience Store Locations Nationwide07:59 EDT Thursday, September 16, 2010OAKBROOK TERRACE, Ill., Sept. 16 /PRNewswire/ -- Redbox, the popular movie rental provider and a wholly-owned subsidiary of Coinstar, Inc. (Nasdaq: CSTR), announces the company has signed agreements with EZ Mart Stores, Inc., Fastrac Markets, Murphy Express and VPS Convenience Store Group (Worsley Companies).  The agreements will expand the redbox footprint to new convenience store locations in the Northeast, Southeast and Midwest.    Since launching its first convenience store location in 2006, redbox has increased channel presence to thousands of locations across 52 retail banners nationwide.  Convenience stores featuring redbox® kiosks include 7-Eleven, Circle K, Pantry, ExxonMobil, Kum & Go and Stripes, among others.      "The convenience store channel has played an important role in redbox's success and presents a great opportunity for future growth," said Mitch Lowe, president, redbox.  "Our expanding convenience store presence makes renting and returning the latest DVD or Blu-ray Discs® even easier for our consumers."  Each fully automated redbox kiosk holds 630 discs, representing up to 200 titles.  Consumers simply use a touch screen to select their favorite movies, swipe a valid credit or debit card and go. For added convenience, customers can visit to select their movie online or via the iPhone® app from redbox and pick it up immediately at the redbox location of their choice.  To find the nearest redbox location, consumers can visit or text 'redbox' to 50101 from a mobile phone. 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 more than one billion DVDs and is available at approximately 24,000 locations nationwide, including select McDonald's restaurants, leading grocery and convenience stores, select Walmart locations and Walgreens locations in select markets.  For more information, visit 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, our ability to attract new retailers and penetrate new markets and distribution channels 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 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 RedboxFor further information: Chris Goodrich, of JSH&A Public Relations, +1-630-932-1028,, for redbox