Sigue Corporation Completes Purchase of Coinstar Money Transfer

^{Published on 2011-06-09 18:20:32 - Market Wire}
 

Sigue Corporation Completes Purchase of Coinstar Money Transfer -- LOS ANGELES and BELLEVUE, Wash., June 9, 2011 /PRNewswire/ --

[ ]

My news for Investors

AtLeast one of the check box should be selected You are following news about Follow the latest news about CSTR

LOS ANGELES and BELLEVUE, Wash., June 9, 2011 /PRNewswire/ -- Sigue Corporation ("Sigue") and Coinstar, Inc. (NASDAQ: [ CSTR ]), announced today that Sigue's purchase of Coinstar's money transfer business is completed.  With the closing of this transaction, Sigue is a leading global money transfer company, operating in 136 countries and in 6 continents.  

Guillermo de la Vina, founder and chief executive officer of Sigue Corporation, stated, "With this acquisition, we will have global reach and a suite of highly recognized and trusted brands as well as a reputation of providing excellent and personalized customer service." He continued, "The combined strengths of these brands will deliver new products and services to a global agent network of over 75,000 locations, including many company-owned stores and strategically located regional offices throughout the world."

"We believe that our global money transfer business should complement Sigue's already extensive network of money transfer agents in the United States and Latin America," said Paul Davis, chief executive officer of Coinstar, Inc. "In addition, the sale of the money transfer business allows Coinstar to continue focusing on our automated retail strategy."

About Sigue Corporation

Headquartered in Sylmar, California, Sigue is a leading global financial services company providing international electronic money transfer services worldwide.  The company is privately held and operates through a comprehensive network of agents.  

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 rental and Coinstar® self-service coin-counting brands. The company has approximately 31,800 DVD kiosks and 18,800 coin-counting kiosks in supermarkets, drug stores, mass merchants, financial institutions, convenience stores, and restaurants. For more information, visit [ www.coinstarinc.com ].

Media Contacts:

Sigue Corporation
Maria Casillas
[ maria.casillas@sigue.com ]
877-744-8394

Coinstar, Inc.
Marci Maule
[ mmaule@coinstar.com ]
425-943-8277

SOURCE Sigue Corporation

RELATED LINKS
[ http://www.coinstarinc.com ]