Redbox Signs Agreement with Schnucks to Install the Nation's Most Popular DVD Rental Kiosk at all Schnucks Locations

OAKBROOK TERRACE, Ill., April 29 /PRNewswire/ -- Redbox Automated Retail, LLC, a wholly-owned subsidiary of Coinstar, Inc. (Nasdaq: CSTR), today announced an agreement with Schnuck Markets Inc., to install redbox® fully automated DVD rental kiosks in the more than 100 Schnucks locations across Missouri, Illinois, Indiana, Wisconsin, Iowa, Tennessee and Mississippi. The rollout is slated to begin immediately and is expected to be complete in June.   This follows Schnucks' decision to replace its existing DVD kiosk provider with redbox, an industry leader in the DVD rental kiosk market.    

"Redbox is delighted to expand our national footprint with one of the most reputable, family-owned grocery store chains in the Midwest," said Mitch Lowe, president, redbox. "We look forward to delivering a convenient, fun and affordable DVD rental experience to Schnucks customers."  

Scott Schnuck, chairman and chief executive officer said, "Providing exceptional customer service has been our mission for more than 70 years and we are excited to deliver the leading DVD experience to our customers." Schnuck added, "Our customers have asked for redbox citing convenience and value and redbox supports our commitment of providing quality service at an affordable price."

Redbox continuously stocks kiosks with the top new releases, including current popular titles such as "The Blind Side," "Alvin and the Chipmunks: The Squeakquel," "Brothers," and "Up in the Air," among others.

Each fully automated redbox kiosk holds 630 DVDs, representing up to 200 of the newest movie releases. Consumers simply use a touch screen to select their favorite movies, swipe a valid credit or debit card and go. For added convenience, movie-lovers can reserve DVDs online at www.redbox.com or via an iPhone® and pick them up 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 750 million DVDs and is available at approximately 21,600 locations nationwide, including select McDonald's restaurants, leading grocery, mass merchant and convenience stores, and Walgreens locations in select markets.  For more information, visit www.redbox.com.

About Schnuck Markets Inc.

Teammates of Schnuck Markets Inc, have been serving customers a unique combination of quality food, variety and value more than seven decades.  Founded in north St. Louis in 1939, the family-owned grocery company has grown to include more than 100 stores in seven states: Missouri, Illinois, Indiana, Wisconsin, Iowa, Tennessee and Mississippi.  To find the closest store to you, visit www.schnucks.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 any subsequent Quarterly Reports on 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

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