Houston, TX – November 28, 2006 – The greater Atlanta area has been targeted for
one of the biggest single geographic expansions by TNR
Entertainment Corp., the nation’s largest owner
and operator of DVD rental kiosks in supermarkets and
grocery stores, which has just completed the installation
of 170 new kiosks in Kroger stores throughout the region.
Operating under The New Release™ brand, the Company’s
newly established Atlanta presence is a cornerstone
of TNR’s aggressive expansion efforts nationwide.
“The growth and vitality of Atlanta and surrounding
areas make it a ideal choice for one of our largest
geographic market installations,” stated Jeff
Karbowiak, Chief Operating Officer of TNR Entertainment.
“This major new market for TNR is not only a significant
extension of our strong relationship with Kroger, but
it also allows us to introduce The New Release’s
unmatched convenience and value that automated DVD rentals
can deliver to more of their customers.”
The new kiosks are located throughout Atlanta, and
in Canton, Decatur, Douglasville, Dunwoody, Fayetteville,
Gainesville, Jonesboro, Lawrenceville, Marietta, Newnan,
Roswell, Smyrna, and Tucker, among other sites. For
a complete listing of the Company’s Atlanta and
other Georgia supermarket and grocery store locations,
see the geographic search section of TNR’s website,
www.thenewrelease.com.
TNR is currently underway on a substantial expansion
nationally, adding more than 1,300 kiosks across 25
markets nationwide by early next year and more than
doubling its current network. TNR’s recent growth
has been propelled by the company’s partnership
with The Kroger Co., which has agreed to install additional
The New Release automated DVD rental kiosks at Kroger
and subsidiary locations across the country, including
Atlanta.
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 has served nearly one million customers and rented
more than five million DVDs since its inception in 2002.
The privately-held company, based in Houston, dominates
the self-service DVD rental category in the grocery
channel. TNR currently serves over 200,000 customers
monthly across more than 850 locations in such grocery
chains as A&P, Food Lion, H-E-B, Kroger/King Soopers,
Publix, Roundy’s/Pick ‘N Save, Safeway/Randall’s
and Spartan/Family Fare.
Led by TNR Entertainment’s new management team
of Richard Cohen, Chief Executive Officer, and Karbowiak
as COO, the Company’s aggressive growth plans,
in addition to the national expansion of its retail
locations over the near term, call for quadrupling its
kiosk network by the 2007 year end. TNR also recently
completed a capital infusion of $45 million to support
this major effort.
Based in Houston, Texas, TNR Entertainment Corp. is
backed by an institutional investor group including
Celerity Partners, LP of Los Angeles; Chapton Partners,
LP, a Houston family partnership; Laminar Direct Capital,
L.P., a member of the D.E. Shaw group of companies;
and MCG Capital Corporation (NASDAQ: MCGC), a leading
specialized financial services company and financial
advisor.
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