Blockbuster Congratulates NCR Corporation on Acquisition of Movie Rental Kiosk Operator TNR Entertainment Corporation

Blockbuster Congratulates NCR Corporation on Acquisition of Movie Rental Kiosk Operator TNR Entertainment Corporation

Acquisition Should Further Enhance Nationwide Expansion of Blockbuster Express Vending Machines

Dallas, // PRNewswire-FirstCall // -- Blockbuster Inc. offered congratulations today to NCR Corporation on its acquisition of TNR Entertainment Corporation, North America's second largest operator of movie-rental kiosks.

"Blockbuster would like to congratulate NCR on its acquisition of TNR Entertainment," said Jim Keyes, Blockbuster Chairman and CEO. "We remain excited about DVD vending, and through our alliance with NCR, we are poised to participate in the category's growth. We believe NCR's acquisition sets the stage for aggressive growth and will further our goal of deploying thousands of Blockbuster Express branded kiosks by next year, providing another platform to give consumers added control, flexibility and convenience that goes beyond our traditional store locations."

In 2008, Blockbuster and NCR teamed to introduce Blockbuster Express branded vending machines with the goal of installing thousands of Blockbuster Express branded kiosks as part of a national rollout. Blockbuster Express vending machines offer consumers greater unit capacity than competing machines, a broader selection of titles and the ability to offer added features and benefits in the future, including the sale of DVDs and video games and digital downloads.

About Blockbuster

Blockbuster Inc. is a leading global provider of in-home movie and game entertainment, with over 7,400 stores throughout the Americas, Europe, Asia and Australia. The Company may be accessed worldwide at www.blockbuster.com.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements may also be included from time to time in our other public filings, press releases, our website and oral and written presentations by management. Specific forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts and include, without limitation, words such as "may," "will," "expects," "believes," "anticipates," "plans," "estimates," "projects," "predicts," "targets," "seeks," "could," "intends," "foresees" or the negative of such terms or other variations on such terms or comparable terminology. Similarly, statements that describe our strategies, initiatives, objectives, plans or goals are forward-looking. These forward-looking statements are based on management's current intent, belief, expectations, estimates and projections. These statements are not guarantees of future performance and involve risks, uncertainties, assumptions and other factors that are difficult to predict. Therefore, actual results may vary materially from what is expressed in or indicated by the forward-looking statements. The risk factors set forth under "Item 1A. Risk Factors" in our Annual Reports on Form 10-K and other matters discussed from time to time in our filings with the Securities and Exchange Commission, including the "Disclosure Regarding Forward-Looking Information" and "Risk Factors" sections of our Quarterly Reports on Form 10-Q, among others, could affect future results, causing these results to differ materially from those expressed in our forward-looking statements. In the event that the risks disclosed in our public filings cause results to differ materially from those expressed in our forward-looking statements, our business, financial condition, results of operations or liquidity could be materially adversely affected and investors in our securities could lose part or all of their investments. Accordingly, our investors are cautioned not to place undue reliance on these forward-looking statements because, while we believe the assumptions on which the forward-looking statements are based are reasonable, there can be no assurance that these forward-looking statements will prove to be accurate. Further, the forward-looking statements included in this press release and those included from time to time in our other public filings, press releases, our website and oral and written presentations by management are only made as of the respective dates thereof. We undertake no obligation to update publicly any forward-looking statement in this press release or in other documents, our website or oral statements for any reason, even if new information becomes available or other events occur in the future.

SOURCE: Blockbuster Inc.

###

Comments:

comments powered by Disqus

Franchise News Room »


News By Industry »


Featured Opportunities

RetroFitness
Retro Fitness is well positioned for today's economy and to dominate the low cost segment by offering a high quality and value add product in...
Gloria Jean's Coffees
Gloria Jean's is known for its range of boldly flavored coffees and signature beverages. For nearly four decades, we have continued to innovate and...
All American Steakhouse and Sports Theater
The All American concept is not only what the consumer is looking for, it’s what they are craving—great quality food with signature steaks in a...
Elements Massage
When simplicity is the essence of your business model, clients and owners benefit. Clients want a predictably wonderful experience with every visit....
Sky Zone
Sky Zone created, built and franchises the first of its kind wall-to-wall trampoline playing courts with unlimited purposes and endless possibilities.
Share This Page

Subscribe to Franchising Express

A Franchise Update Media Production
Franchise Update Media
P.O. Box 20547
San Jose, CA 95160
PH. (408) 402-5681
In Loving Memory Of Timothy Gardner (1987-2014)

Copyright © 2001 - 2018.
All Rights Reserved.