Redbox Leases Space at Schenectady County Business Center

January 4, 2008

Schenectady, N.Y., January 4, 2008 — Schenectady County officials today announced that Redbox Automated Retail, LLC is moving into the Schenectady County Community Business Center. The Business Center will be used by the fast growing automated DVD rental company as a regional office to service locations in Upstate New York and Vermont. Redbox is owned by Coinstar, Inc., McDonald Ventures (a wholly owned subsidiary of McDonald’s Corp.) and private investors. The 25,000 square foot Schenectady County Business Center is now home to 13 companies.

Redbox is a leading renter of DVD’s using automated kiosks at McDonald’s, grocery stores and other leading retail locations. Locally, Redbox has kiosks in Price Chopper, Hannaford, Wal-Mart and Cumberland Farm stores. The company is headquartered in Oak Brook Terrace, Illinois.

Mr. Arnold Howard, Regional Operations Supervisor for Redbox said, “We chose Schenectady County for its proximity to our customer base and we like the idea of being located around other entrepreneurs in the Business Center.”

Vince DiCerbo, Chair of the Economic Development Committee of the Schenectady County Legislature said, “This is another example of how our unified County economic development team is able to bring fast growing companies to Schenectady County.”

The Business Center located on Albany Street is designed to bring growing companies to Schenectady County. It is part of Schenectady County’s unified economic development program.

Redbox is the nation’s leader in automated DEV rental services and is the 4th largest renter of DVD’s in the Unites States by number of DVD rentals. The company now has 6,000 locations nationwide.

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