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Coinstar and Overstock.com Team up to Offer Free Coin Counting in Time for the Holidays

^{Published on 2008-12-01 08:03:11 - Market Wire}
 

BELLEVUE, Wash. & SALT LAKE CITY--([ BUSINESS WIRE ])--Coinstar, Inc. (NASDAQ:CSTR) and Overstock.com, Inc. (NASDAQ:OSTK) today announced Overstock.com as the latest addition to the Coinstar Coin to Card program. Consumers pay no coin-counting fee when converting their loose change to a variety of nationally-branded gift cards and eCertificates at Coinstar Centers® across the United States. The Overstock.com eCertificate is available on approximately 10,000 Coinstar Centers across the U.S.

Overstock.com, Inc. is an online retailer offering high-quality, brand-name merchandise at discount prices. The company offers over 600,000 products on their website -- including apparel, jewelry, designer accessories, home goods and sporting goods. Overstock.com also operates a socially responsible goods department, Worldstock.

"The average American household has approximately $90 in loose change sitting idle in jars, under sofa cushions, and in dresser drawers," said Alex Camara, senior vice president and general manager of worldwide coin at Coinstar, Inc. "There couldn't be a better time to cash in coin jars to stretch holiday budgets and take advantage of the thousands of items available at Overstock.com."

According to the Coinstar National Currency Poll, 23 percent of Americans who stretch their budgets during the holidays cash in their coin jars for extra spending money.

"We're excited to provide yet another way for our customers to connect to Overstock.com," said Stormy Simon, senior vice president of marketing at Overstock.com. "Coinstar's Coin to Card program provides just that."

To receive free coin counting, consumers simply deposit their coins into the Coinstar Center, the coin is then counted, and the full value is applied to the eCertificate. The eCertificate is dispensed directly from the machine and can be used immediately at Overstock.com.

To locate Coinstar Centers offering this free coin counting program, consumers can access a machine locator at [ www.coinstar.com ].

About Coinstar, Inc.

Coinstar, Inc. (NASDAQ:CSTR) is a multi-national company offering a range of 4th Wall™ 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.

About Overstock.com

Overstock.com, Inc. is an online retailer offering brand-name merchandise at discount prices. The company offers its customers an opportunity to shop for bargains conveniently, while offering its suppliers an alternative inventory distribution channel. Overstock.com, headquartered in Salt Lake City, is a publicly traded company listed on the NASDAQ Global Market System and can be found online at [ http://www.overstock.com ].

Overstock.com® is a registered trademark of Overstock.com, Inc. All other trademarks are the property of their respective owners.