Redbox 2000 Annual Report Download - page 7

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5
we hope to repeat the success we have enjoyed in the United States. Additionally, because much of
the U.K. operation is run from our Bellevue, Washington headquarters, we are able to further leverage
our U.S. infrastructure.
We have created an efficient, growing coin-counting business. Using the same assets, we can offer
new products and services. We are on track with plans to offer prepaid cash cards through the Coinstar
network. In 2000, we conducted successful tests with our partner, DataWave Systems Inc., establishing
our ability to integrate their point-of-sale card activation technology into the Coinstar machine. We
have also tested the prepaid cash card concept with consumers, whose overwhelmingly positive
reaction confirms what the experts project: this is a large and attractive market. We will be piloting
the cash card system through the remainder of 2001. The results of that pilot could lead to a full-
scale rollout in 2002.
WHAT’S NEXT
We entered 2001 with real momentum and great optimism about our future. With superb U.S. core
business performance, the U.K. expansion, and exciting new products such as prepaid cards, we are
laying the foundation for continued growth. Among these many successes, we had one disappointment.
Our Meals.com subsidiary was unable to raise additional funds to continue operations. In the best
interest of Coinstar shareholders, we are pursuing the sale of Meals’ assets in preparation for an
orderly wind-down of its business.
We would like to express our appreciation to our two retiring board members, Bob Aders and Bill
Ruckelshaus, for their outstanding service to the company. And we want to extend our deepest
gratitude to our founder, Jens Molbak, who stepped down as chairman of the board on June 20, 2001.
Jens has been the creative force and vision behind Coinstar for 11 years. Happily, he will continue
to be involved with the company as a consultant.
To our committed employees and partners, thanks for making 2000 a great year. We look forward
to working together to build upon our progress.
RICHARD P. STILLMAN,
Chief Operating Officer M. CAROL LEWIS,
Chief Administrative Officer
& Corporate Secretary
DIANE L. RENIHAN,
Chief Financial Officer