Redbox 2004 Annual Report Download - page 63

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Strengthened Balance Sheet
We ended the year with a strong balance sheet which positions Coinstar for continued
growth. As of December 31 we had $94.6 million in cash, and a healthy EBITDA from
our combined businesses. We also completed the sale of 3,450,000 shares, using about
half of the proceeds to pay down debt.
We have a very clear mission as we enter 2005: to help retailers, including supermarkets,
drug stores, mass merchants, truck stops and even restaurants, make their front-of-store
generate more sales and become more profitable by applying a
disciplined and analytical approach. We believe our expertise and
compelling portfolio of products and services can help retailers drive
profit in this underdeveloped area of the store. We are optimistic
about the year ahead and remain focused on executing our business
plan and building value for shareholders.
We sincerely thank all of our partners and shareholders for their ongoing support,
and our employees for their commitment and hard work.
Very Truly Yours,
David W. Cole,
Chief Executive Officer