|By Marketwired .||
|July 26, 2013 07:30 AM EDT||
MARKHAM, ONTARIO -- (Marketwired) -- 07/26/13 --
Editors' note: A photo is associated with this press release.
Today, Redbox, North America's destination for new release movie and video game rentals, announced a new partnership with Sobeys Inc., deepening its national footprint in provinces across various grocery, convenience and pharmacy banners, including Sobeys, Foodland, FreshCo, Lawtons Drugs and Needs.
"We're excited to partner with one of Canada's premiere and beloved national retailers," said Ron Cihocki, country manager, Redbox Canada. "This enables Redbox to continue our expansion into new markets, conveniently reaching customers at locations where they already shop."
The partnership announcement comes on the heels of Redbox's one year anniversary in Canada and recent millionth disc rental in March 2013. Redbox, founded in the United States in 2002, installed its first Canadian kiosks outside of Vancouver in May 2012. Today, Redbox has more than 500 kiosks across Ontario, Western Canada and the Maritimes. Visit redbox.ca to find a Redbox location near you.
About Redbox Canada
Redbox Canada GP, a wholly owned subsidiary of Outerwall Inc. (Nasdaq: OUTR), offers new-release DVD, Blu-ray Disc® and video game rentals through its network of conveniently located, self-service kiosks. Redbox Canada has rented more than 1 million discs, and its more than 500 kiosks are at locations across Ontario, Western Canada and the Maritimes including leading big-box retailers and grocery and convenience stores. For more information, visit www.redbox.ca.
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, including phrases conveying expectation or intent and other expressions identifying future performance. Forward-looking statements are not guarantees of future performance which may vary materially from performance expressed or implied in the forward-looking statements. Differences may result from actions taken by Outerwall Inc. or Redbox as well as those of third parties and from risks and uncertainties beyond our control. Such risks and uncertainties include, but are not limited to, changes in the number and timing of anticipated locations, our ability to attract new partners and penetrate new markets and distribution channels and the termination, non-renewal or renegotiation on materially adverse terms of contract terms with our suppliers and retailers. The foregoing risks and uncertainties are 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 Form 10-K and any subsequent Forms 10-Q filed with the Securities and Exchange Commission. These forward-looking statements reflect Outerwall Inc., and Redbox's expectations as of the date of this release. Neither Outerwall Inc., nor Redbox undertakes any obligation to update the information provided herein.
The photo associated with this press release is available at the following address: http://www.marketwire.com/library/20130725-redbox-hi.jpg
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