Coinstar Names Michael J. Skinner President of Coin and E-Payment Services

Coinstar, Inc. (NASDAQ: CSTR) today announced that it has promoted Michael J. Skinner to the position of president of Coin and E-Payment Services, effective immediately.

Skinner, 55, joined Coinstar in 2004 and has served in leadership roles for the Company’s E-Payment and Entertainment lines of business. Since 2008, Skinner has held the position of vice president and general manager of Coinstar E-Payment Services where he has led the business from a start-up to a leading supplier of e-payment services, acquiring and integrating five companies and doubling the company’s retail locations.

Before joining Coinstar, Skinner founded and operated Elkhorn Consulting, a firm that provided strategic and business development services to early stage and emerging growth companies including DailyShopper (acquired by CrossMedia), Impli Media (acquired by PRN) and Flexcar (merged with ZipCar). Prior to this role, Skinner served as executive vice president of sales and marketing for PIA Merchandising Inc., a retail merchandising company, from 1995 to 1998, and held the position of president and chief executive officer of Winterbrook Beverages from 1992 to 1995. Earlier in his career, he served in sales, marketing and product management roles with Carnation Company (Nestle) and National Beverage Corp.

Gregg Kaplan, president and chief operating officer of Coinstar, Inc. said, "Mike is an extremely talented and focused executive with 30 years of experience building high-growth businesses across a wide range of retail products and industry segments. His strong leadership abilities and insights have been integral to Coinstar's success and his new appointment reflects his ability to assume increasing levels of responsibility. He is ideally suited to lead our organization in this capacity."

As part of the management transition, Alex Camara, who has led the Company’s Coin and Entertainment businesses, has resigned to accept a position outside Coinstar.

Kaplan continued, "On behalf of the entire board of directors and executive team, I would also like to thank Alex for providing his leadership to the Company over the years. We appreciate what he has accomplished at Coinstar and we wish him well in the future."

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, DVD rental, money transfer, electronic payment solutions, and entertainment services. The Company's products and services can be found at more than 90,000 points of presence including supermarkets, drug stores, mass merchants, financial institutions, convenience stores, restaurants and money transfer agent locations. For more information, visit www.coinstar.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," "estimate," "expect," "intend," "anticipate," "goals," variations of such words, and similar expressions identify forward-looking statements, but their absence does not mean that the statement is not forward-looking. The forward-looking statements in this release include statements regarding management changes. Forward-looking statements are not guarantees of future performance which may vary materially from the results expressed or implied in such statements. Differences may result from actions taken by Coinstar, Inc., as well as from risks and uncertainties beyond Coinstar, Inc.'s control. Such risks and uncertainties include, but are not limited to, the termination, non-renewal or renegotiation on materially adverse terms of our contracts with our significant retailers, payment of increased service fees to retailers, the ability to attract new retailers, penetrate new markets and distribution channels, cross-sell our products and services and react to changing consumer demands, the ability to achieve the strategic and financial objectives for our entry into or expansion of new businesses, the ability to adequately protect our intellectual property, and the application of substantial federal, state, local and foreign laws and regulations specific to our business. The foregoing list of risks and uncertainties is illustrative, but by no means exhaustive. For more information on factors that may affect future performance, please review "Risk Factors" described in our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission. These forward-looking statements reflect Coinstar, Inc.'s expectations as of the date of this release. Coinstar, Inc. undertakes no obligation to update the information provided herein.