Outerwall to celebrate new name, ticker and logo
The company formerly known as Coinstar has recently changed its name
July 4, 2013, NY – Outerwall, formerly Coinstar, will celebrate trading under its new name at the NASDAQ Stock market Opening Bell Ceremony.
Chief Executive Officer J. Scott Di Valerio will be joined by the Outerwall management team and more than 30 employees from throughout the company to ring the opening bell at the NASDAQ MarketSite in New York City.
The company's name change from Coinstar to Outerwall was approved by stockholders on June 27. The name change reflects the evolution of the company from a single coin-counting kiosk business into multiple automated retail businesses.
The name Outerwall was selected as an umbrella corporate brand that encompasses the company's current operations and provides a platform for future automated retail opportunities.
"Our transition to Outerwall signifies the company's next chapter as we continue to push the walls of retail out to bring new and inventive solutions to consumers," said Di Valerio. "We are enthusiastic about the future and committed to building on our existing brands Redbox entertainment and Coinstar money services, as well as uncovering the next idea that will create a better everyday for our consumers, retailers and partners."