Redbox Announces National Expansion to CVS/pharmacy Locations

OAKBROOK TERRACE, Ill., Aug. 5 /PRNewswire/ -- Redbox Automated Retail, LLC, a wholly-owned subsidiary of Coinstar, Inc. (Nasdaq: CSTR), will roll out fully automated redbox® DVD rental kiosks at CVS/pharmacy locations nationwide, including Puerto Rico and Longs Drug locations in Hawaii. The national rollout, which comes on the heels of a successful pilot program at select CVS/pharmacy locations, will start this quarter with approximately 700 installations by the end of 2010.  The rollout is expected to be completed by the end of 2011.

"Redbox's low nightly rate, rent and return anywhere® policy and online reservations offer a terrific value and convenience to consumers while increasing traffic for our retail partners," said Mitch Lowe, president, redbox.  "We're pleased to add CVS/pharmacy stores to our list of convenient locations for movie lovers to rent films."  

The agreement marks the first time that CVS/pharmacy will offer a DVD rental service to consumers and significantly expands redbox's presence within the drug store channel.  

Redbox is currently available at approximately 23,000 convenient locations nationwide and has served millions of consumers renting more than 880 million DVDs to date.

Each fully automated redbox kiosk holds 630 discs, representing up to 200 titles, including standard definition DVDs and Blu-ray Discs® at select locations nationwide. 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 www.redbox.com to select their movie online or via the iPhone® app from redbox and pick it up immediately at the redbox location of their choice.

About Redbox

Redbox 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 880 million DVDs and is available at approximately 23,000 locations nationwide, including select McDonald's restaurants, leading grocery, drug and convenience stores, and Walmart locations in select markets.  For more information, visit www.redbox.com.

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 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 Retail, LLC

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