Coinstar, Inc. Appoints Carole McCluskey Chief Technology Officer

BELLEVUE, Wash., Aug. 13, 2012 /PRNewswire/ -- Coinstar, Inc. (Nasdaq: CSTR) today announced that Carole McCluskey, currently Coinstar's corporate technology leader, has been appointed chief technology officer of Coinstar, effective today.

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In this new role, McCluskey will oversee Coinstar's efforts to create a single technology platform across the company.  The new platform will enable Coinstar to facilitate a more efficient and uniform approach to technology across its businesses while furthering its commitment to maintaining best practices throughout the entire company.  As chief technology officer, McCluskey will report to Paul Davis, Coinstar's chief executive officer.

"By creating one technology team, we will be able to further streamline Coinstar's operations while providing more robust technologies to our customers," said Davis.  "Carole has distinguished herself at Coinstar for her ability to successfully manage all facets of product development and corporate IT operations and has been instrumental in implementing new systems.  I have the utmost confidence that Carole is the right individual to lead the development of this new platform."

Carole McCluskey

Carole McCluskey, 49, has been with Coinstar since October 2010, most recently serving as the corporate technology leader.  During this time, McCluskey has also served as senior vice president of technology at Redbox Automated Retail, LLC, Coinstar's wholly-owned subsidiary, the interim head of corporate systems development and the IT program leader at Coinstar and Redbox.  From 2006 to 2011, McCluskey served as the Managing Director of EttenAj Consulting LLC, an IT consulting firm she founded that advised VMware, Coinstar, Intacct, Edifecs and Ultimo Software.  Prior to founding EttenAj Consulting LLC, McCluskey was vice president of global services operations and professional services at TIBCO Software, vice president of professional services and alliances for SchemaLogic, and vice president of technical solutions and sales for CapitalStream.  She graduated from California State University at Fresno with a B.S. in Industrial Technology, Digital Systems.

About Coinstar, Inc.

Coinstar, Inc. (Nasdaq:CSTR) is a leading provider of automated retail solutions offering convenient services that make life easier for consumers and drive incremental traffic and revenue for retailers. The company's core automated retail businesses include the well-known Redbox® self-service DVD and video game rental and Coinstar® self-service coin-counting brands.  The company has approximately 38,500 DVD kiosks and 20,200 coin-counting kiosks in supermarkets, drug stores, mass merchants, financial institutions, convenience stores, and restaurants.  Redbox also offers DVD rentals through additional kiosks acquired from NCR Corporation in June 2012. For more information, visit www.coinstarinc.com.

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 "believe," "will," "expect," "intend," "anticipate" and variations of such words, and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not forward-looking.  The forward-looking statements in this release include statements regarding Coinstar's management changes.  Forward-looking statements are not guarantees of future actions or events, which 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, timing and integration of management changes, changes in strategic and financial objectives, and the ability to attract new retailers, penetrate new markets and distribution channels and react to changing consumer demands.  The foregoing list of risks and uncertainties is illustrative but by no means exhaustive.  For more information on factors that may affect Coinstar, please review "Risk Factors" and other disclosures described in Coinstar's most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission, as well as other public filings with the Securities and Exchange Commission.  These forward-looking statements reflect Coinstar's expectations as of the date of this release. Coinstar undertakes no obligation to update the information provided herein.

SOURCE Coinstar, Inc.