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TravelCenters of America LLC Adopts Coinstar Pay As You Go Product Suite
BELLEVUE, Wash.--(BUSINESS WIRE)--May 28, 2008--Coinstar E-Payment
Services, a subsidiary of Coinstar, Inc., today announced that its
full range of Pay As You Go products and services will be available in
TravelCenters of America LLC full-service travel centers operating
under the "TA," "TravelCenters of America" and "Petro Stopping
Centers" brands.
The lineup of Coinstar Pay As You Go products includes prepaid
wireless, long distance, gift cards, financial services such as
prepaid re-loadable and one-time gift debit cards and more. These
products and services will be available across the country at more
than 230 TA and Petro locations by the end of May.
"We're excited about working with TA to provide an optimal product
and merchandising mix to match their customer demographics and
preferences in various regions," said Mike Skinner, general manager of
Coinstar E-Payment Services. Our 'Pay As You Go' product suite is
ideally suited for people on the move and is complementary to TA's
approach of providing many convenient services at one stop."
Coinstar E-Payment Services offers a complete Pay As You Go,
turnkey solution that is customizable and ensures that the right
product mix and product quantity is on hand for retail customers.
Coinstar's service solution requires minimal effort and maintenance,
allowing retailers to focus on other business priorities.
As a Coinstar 4th Wall(TM) customer, TA and Petro have already
installed other Coinstar products including amusement vending
equipment in more than 85 locations as well as a number of coin
counting locations.
About Coinstar, Inc.
Coinstar, Inc. (NASDAQ:CSTR) is a multi-national company offering
a range of 4th Wall(TM) solutions for the retailers' front of store
consisting of self-service coin counting, electronic payment
solutions, entertainment services, money transfer and self-service DVD
rental. The company's products and services can be found at more than
50,000 retail locations including supermarkets, drug stores, mass
merchants, financial institutions, convenience stores and restaurants.
Certain statements in this press release are "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. The words "believe," "estimate," "expect,"
"intend," "anticipate," "goals," variations of such words, and similar
expressions identify forward-looking statements, but their absence
does not mean that the statement is not forward-looking.
Forward-looking statements are not guarantees of future performance
and actual results may vary materially from the results expressed or
implied in such statements. Differences may result from actions taken
by Coinstar, Inc., as well as from risks and uncertainties beyond
Coinstar, Inc.'s control. Such risks and uncertainties include, but
are not limited to, changes in the number and mix of anticipated
installations, relocations, and removals, the termination, non-renewal
or renegotiation on materially adverse terms of our contracts with our
significant retailers, payment of increased service fees to retailers,
the ability to attract new retailers, penetrate new markets and
distribution channels, cross-sell our products and services and react
to changing consumer demands, the ability to achieve the strategic and
financial objectives for our entry into or expansion of new
businesses, the ability to adequately protect our intellectual
property, and the application of substantial federal, state, local and
foreign laws and regulations specific to our business. The foregoing
list of risks and uncertainties is illustrative, but by no means
exhaustive. For more information on factors that may affect future
performance, please review "Risk Factors" described in Item 1A of Part
I of our most recent Annual Report on Form 10-K 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.
CONTACT: Media Contacts:
Coinstar, Inc.
Marci G. Maule, 425-943-8277
mmaule@coinstar.com
or
Porter Novelli
Tera Randall, 206-770-7084
Tera.randall@porternovelli.com
SOURCE: Coinstar, Inc.
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