TNR Entertainment Expands The New Release Automated DVD Rental Kiosks At Publix Supermarkets In Alabama, Tennessee, South Carolina And Georgia
TNR Entertainment Corp., the nation’s largest owner and operator of DVD rental kiosks in supermarkets and grocery stores, announced today that it has installed 75 more of its The New Release(tm) automated DVD rental kiosks at Publix supermarkets in Georgia, Tennessee, South Carolina and Alabama. With these new installations, TNR has established a significant base in the Southern United States, a territory which represents approximately one-third of the Company’s total installed base of 1,600 kiosks nationwide at the end of the first quarter 2007.
Jeff Karbowiak, COO of TNR, said, “Our successful partnership with Publix Super Markets in its Florida and Georgia stores has led to this expanded relationship, one which we look forward to building upon. This is another phase of our aggressive national expansion and also provides TNR with significant economies of scale in serving our rapidly growing Southern regional operations.”
TNR’s new kiosks are located in Publix supermarkets in various locations in Georgia, including Atlanta, Marietta, Columbus, Athens, and Augusta, among others. In addition, TNR is installing DVD rental kiosks in Publix stores in Tennessee (Nashville, Franklin, Brentwood, and other sites); South Carolina (Charleston, Greenville, and other sites); and Alabama (Birmingham, Madison, Homewood, and other sites). For a complete listing of the Company’s supermarket and grocery store locations, see the geographic search section of TNR’s website, www.thenewrelease.com.
The New Release automated DVD rental kiosks provide supermarket customers with a more convenient one-stop shopping experience. As the Company’s kiosks are being introduced in new markets, more consumers are able to enjoy renting the latest DVD titles for $1-a-day and no late fees -- a simple and affordable pricing structure that TNR was the first to successfully market. TNR’s kiosks house up to 1,000 units each, representing more than 200 titles, including top new releases. The fully-automated kiosks operate on a wireless communications network and next-generation DVD kiosk operating system.
TNR is currently underway on a significant national expansion program, nearly doubling its current network of DVD rental kiosks across 30 states by the end of 2007. The Company has served nearly 2.0 million customers and rented more than 9 million DVDs since its inception in 2002. Privately-held TNR, based in Houston, dominates the self-service DVD rental category in the grocery channel. The Company currently has more than 1,600 locations in such grocery chains as Dillon’s, Food-4-Less, Food Lion, Fry’s, H-E-B, Kroger, King Soopers, Publix, Quality Food Centers, Ralph’s, Roundy’s/Pick ’N Save, and Spartan/Family Fare.
Led by TNR’s management team of CEO Richard B. Cohen and Karbowiak, the Company’s aggressive growth plans call for continuing national expansion of its retail locations, in addition to the doubling of its current kiosk network planned by this year end. TNR completed a capital infusion of $45 million last year to support this major effort.
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