Redbox President Mitch Lowe to Depart

NEW YORK - Coinstar's DVD rental kiosk operator Redbox said Thursday that president *Mitch Lowe* has resigned "to pursue entrepreneurial and other interests," but will serve in his role until a successor is named. Coinstar said it has started an external search for a replacement. Coinstar also updated its financial guidance, raising the low end of its full-year 2011 revenue expectation and lifting its earnings per share projection. But it also pre-announced revenue for the latest quarter that came in below Wall Street expectations. Coinstar shares fell more than 10 percent in after-hours. "On behalf of Coinstar and the Redbox organization, I want to thank Mitch for his many contributions over the last eight years, particularly in establishing Redbox as a leader in the home entertainment business," said Coinstar CEO *Paul Davis* about Lowe. "When I joined Redbox in 2003, it was part of McDonald's, and we had only a few kiosks installed," recalled Lowe. "Today, Redbox has more than 31,800 kiosks located across the United States and has rented more than 1.5 billion DVDs." Coinstar said it now expects