New service in Quebec helps Canadians turn change into cash
MONTREAL, Sept. 26 /CNW Telbec/ - September 26, 2007 - The Royal Canadian
Mint and Coinstar Inc., today announced that coin recycling through Coinstar
Centres is now available in the province of Quebec, helping consumers turn
their change into 'found money.'
New to Quebec, Coinstar kiosks are convenient, fast and reliably count
loose, unsorted change. No more sorting, counting or rolling your change -
just convenient cash in your pocket. Approximately 90 Coinstar Centres have
been installed throughout the province at participating Metro and Super C
After the coins are counted at the Coinstar Centre, customers receive a
voucher to redeem for cash or to put toward store merchandise at the store's
checkout. The cost to use Coinstar is a service fee equal to 9.8 per cent of
the total value of the coins.
"Recycling coins is a cost-effective and efficient way to provide coins
to the marketplace," says Ian E. Bennett, President and CEO of the Royal
Canadian Mint. "The Mint, along with Coinstar, is making it possible for
Canadians to recycle their spare change and turn it into cash - fast."
"Coinstar pioneered self-service coin counting in the early 1990s in the
United States, and now we're very pleased to bring the Coinstar service to
Canada and to the residents of Quebec," said Alex Camara, Senior Vice
President and General Manager of Worldwide Coin at Coinstar, Inc. "In
cooperation with the Royal Canadian Mint, we can not only help recycle the
vast number of coins out of circulation, but help consumers easily turn their
coins into cash without the hassle of sorting, wrapping and rolling."
Coinstar Centres are located in communities across the province of
- Trois Rivières
Over the past year, the Royal Canadian Mint, in cooperation with
Coinstar, has continued to expand its recycling program. More than
300 Coinstar Centres are now installed in Southern Ontario, Ottawa, and now
Quebec. Many consumers never cash in their spare change, because they've
simply forgotten about it, do not realize the value, or haven't had an
opportunity to use it in daily transactions.
How to start recycling
Visit www.coinstarinc.ca for the location nearest you. To find out more
about the Royal Canadian Mint's recycling efforts, please visit www.mint.ca.
About the Royal Canadian Mint
The Royal Canadian Mint, an ISO 9001-2000 certified company, is the Crown
Corporation responsible for the minting and distribution of Canada's
circulation coins. In operation since 1908, The Royal Canadian Mint is
recognized as one of the largest and most versatile mints in the world,
offering a wide range of specialized, high quality coinage products and
related services on an international scale. For more information on the Royal
Canadian Mint, its products and services, visit www.mint.ca.
About Coinstar, Inc.
Coinstar, Inc. (NASDAQ: CSTR), a Bellevue, Washington-based company
founded in the early 1990s, operates a network of more than 14,000
self-service coin counting kiosks in the United States, Canada, Puerto Rico,
and the United Kingdom. In Canada, the company's self-service coin counting
solution can be found at supermarket locations in Southern Ontario, Ottawa and
Quebec. For more information, visit www.coinstarinc.ca.
/NOTE TO PHOTO EDITORS: A photo accompanying this release is available on
the CNW Photo Network and archived at http://photos.newswire.ca.
Additional archived images are also available on the CNW Photo Archive
website at http://photos.newswire.ca. Images are free to accredited
members of the media/
For further information:
For further information: Christine Aquino, Director, Communications,
Royal Canadian Mint, (613) 993-9999, (613) 991-5342, email@example.com;
Marie-Sophie Villeneuve, Consultant, HKDP Communications and Public Affairs,
(514)395-0375, ext. 227, firstname.lastname@example.org; Brigitte Filiatrault,
Director, Porter Novelli (for Coinstar, Inc.), (514) 527-5508,
Brigitte.Filiatrault@porternovelli.com; Sylvie Piché, Senior Consultant,
Porter Novelli (for Coinstar, Inc.), (514) 846-5605,