Coinstar Announces Results for 2008 Annual Meeting of Stockholders

BELLEVUE, Wash.--(BUSINESS WIRE)--June 4, 2008--Coinstar, Inc. (NASDAQ:CSTR) today announced that at the Company's 2008 Annual Meeting of Stockholders held yesterday, June 3, 2008, stockholders voted to re-elect Deborah Bevier, David Eskenazy and Robert Sznewajs to Coinstar's Board of Directors. Each director nominee received in excess of 92% of the votes cast. In addition, stockholders ratified the selection of KPMG LLP as the Company's independent registered public accounting firm for 2008.

"On behalf of Coinstar's Board and management team, we thank our stockholders for their support," said Dave Cole, Chief Executive Officer of Coinstar. "As we move forward, we will continue to capitalize on our leading and diversified 4th(TM) Wall product offering and strong customer relationships to enhance value for all stockholders. We believe Coinstar is better positioned today for significant profitable growth than at any other time in our history."

Keith D. Grinstein, Coinstar's Chairman of the Board, said, "I have great confidence in Coinstar's future and in the continued execution of our long standing strategy and record of value creation. As we welcome a new member to Coinstar's Board, we look forward to the opportunities ahead."

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, money transfer, electronic payment solutions, entertainment services 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.

Safe Harbor for Forward-Looking Statements

Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The words "will," "believe," "estimate," "expect," "intend," "anticipate," "goals," "prospects," variations of such words, and similar expressions identify forward-looking statements, but their absence does not mean that the statement is not forward-looking. The forward-looking statements in this press release include statements regarding Coinstar, Inc.'s anticipated performance and Board actions. Forward-looking statements are not guarantees of future performance and actions, and they may vary materially from those expressed or implied in such statements. Differences may result from actions taken by Coinstar, as well as from risks and uncertainties beyond Coinstar's control. Such risks and uncertainties include, but are not limited to, the termination, non-renewal or renegotiation on materially adverse terms of our contracts with our significant retailers, payment of increased service fees to retailers, fewer than expected installations, 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 our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission. These forward-looking statements reflect Coinstar's expectations as of the date of this press release. Coinstar undertakes no obligation to update the information provided herein.

    CONTACT: Coinstar, Inc.
             Brian Turner, Chief Financial Officer, 425-943-8000
             or
             Media:
             Marci Maule, Director Public Relations, 425-943-8277

    SOURCE: Coinstar, Inc.