Coinstar, Inc. Announces Executive Leadership Succession Plan

        Coinstar, Inc. Announces Executive Leadership Succession Plan

J. Scott Di Valerio to Succeed Paul Davis as Chief Executive Officer Effective
April 1, 2013

Names Galen C. Smith Chief Financial Officer

PR Newswire

BELLEVUE, Wash., Jan. 3, 2013

BELLEVUE, Wash., Jan. 3, 2013 /PRNewswire/ --Coinstar, Inc. (Nasdaq: CSTR), a
leading provider of automated retail solutions, today announced that the
Coinstar Board of Directors has appointed J. Scott Di Valerio, currently
Coinstar's chief financial officer, as the company's next chief executive
officer, effective April 1, 2013. Di Valerio was also appointed to the
Coinstar Board of Directors effective at that time. Di Valerio will succeed
Paul Davis, 55, who is retiring on March 31, 2013. Davis will remain a member
of the Coinstar Board of Directors through March.

Di Valerio, 50, has served as Coinstar's CFO since 2010, and, in addition to
his leadership of the finance organization, has overseen Coinstar's corporate
information technology and supply chain functions.

"Scott's appointment as CEO is a direct result of the Board's long-time focus
on developing a deep management team and ensures that Coinstar will continue
to benefit from strong leadership following Paul's retirement," said Deborah
Bevier, chair of the Coinstar Board of Directors. "Scott is a proven leader
at Coinstar and a seasoned executive with more than 25 years of management,
operations and finance experience. Coinstar has a clear and focused growth
strategy, and the Board is confident that Scott is the right person to lead
the company through its next phase of development."

Bevier continued, "On behalf of the Coinstar Board and the entire
organization, I would like to thank Paul for his outstanding leadership of the
company. For nearly four years as Coinstar's CEO, Paul has successfully
guided the company to tremendous growth and profitability through a wide range
of initiatives, including refocusing Coinstar on organic growth through its
core businesses, shedding underperforming businesses, and growing Redbox from
6,000 kiosks to the 42,000 kiosks we have today. Thanks to his strong
leadership, Coinstar is well positioned for future growth. We wish him the
very best in his retirement."

Davis said, "I am extremely proud of the many accomplishments we have achieved
at Coinstar and look forward to teaming with Scott and the entire management
team to ensure a smooth transition in the months ahead. I have been fortunate
to have worked closely with Scott during the past three years, and I can
attest firsthand that he is the right executive with the right experience and
background to lead Coinstar forward. I believe that under Scott's leadership,
Coinstar will continue to expand on its market-leading position and in new
venture opportunities to drive future growth and value creation for our
shareholders."

Added Di Valerio, "I am honored by the confidence the Board has in me to lead
Coinstar through its next chapter of growth and share Paul's enthusiasm for
Coinstar's automated retail businesses and the opportunities we have to
deliver value to our shareholders. I am excited to continue our work and lead
our talented team in growing the business through the strategic initiatives
and new ventures under way and in development."

Coinstar also announced today that Galen C. Smith, senior vice president of
finance at Redbox Automated Retail, LLC, Coinstar's wholly-owned subsidiary,
will succeed Di Valerio as chief financial officer. Smith, 36, joined
Coinstar in 2009 and has served in his current role leading the finance
function at Redbox since 2011, and prior as corporate VP, finance and
treasurer for Coinstar. The company has started the process to identify a
successor for the Redbox finance leadership role.

Di Valerio added, "Galen is a valuable leader and proven executive in the
Coinstar organization. His extensive financial experience as well as his
knowledge of Coinstar will contribute significantly to the company's continued
growth and financial strength. Galen's broad and comprehensive understanding
of our businesses will be a valuable asset as we continue to execute on our
strategy and work to enhance value for all Coinstar stakeholders."

Coinstar expects to report 2012 fourth quarter and full year revenue and core
adjusted EBITDA from continuing operations within the ranges provided on
October 25, 2012, with core diluted EPS from continuing operations trending at
or above the high end of the range primarily due to lower company G&A expenses
and certain tax benefits at Redbox.

About J. Scott Di Valerio
Scott Di Valerio joined Coinstar in January 2010 and assumed the role of chief
financial officer in March 2010. In addition to his leadership of the finance
organization, Di Valerio also leads the company's corporate information
technology and supply chain functions. He has over 25 years finance,
operations and management experience. Prior to joining Coinstar, Di Valerio
served as president of the Americas for the Lenovo Group Limited and held
senior positions at Microsoft Corp., including corporate vice president of
Microsoft's OEM division and corporate vice president of finance and
administration. Previously, Di Valerio served in management positions at The
Walt Disney Company and Mindwave Software Inc., and as a partner at
PricewaterhouseCoopers.

About Galen C. Smith
Galen C. Smith joined Coinstar in June 2009 and assumed the role of corporate
VP, finance and treasurer in January 2010 overseeing corporate financial
planning, treasury, mergers and acquisitions and investor relations. In May
2011, he became the senior vice president, finance at Redbox leading financial
operations in addition to business negotiations, including the digital joint
venture with Verizon and studio deals with Sony Pictures Home Entertainment,
Universal Studios Home Entertainment and Warner Bros. Home Entertainment.
Prior to joining Coinstar, Smith was an investment banker at Morgan Stanley in
the Consumer and Retail Investment Banking Group.

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 42,400 Redbox DVD kiosks and 20,300 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, results, performance or events, which may vary materially
from those expressed or implied in such statements. Differences may result
from actions taken by Coinstar or Redbox or their management, 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.

Website: http://www.coinstarinc.com
Contact: Media, Marci Maule, Director of Public Relations, +1-425-943-8277,
marci.maule@coinstar.com, or Financial Analysts and Investors, Rosemary
Moothart, Director of Investor Relations, +1-425-943-8140,
rosemary.moothart@coinstar.com
 
Press spacebar to pause and continue. Press esc to stop.