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Investment banker Wehrwein joins Quantum board

BY CSA STAFF

Finance executive Sven Wehrwein is the newest member of the Quantum Retail Technology board of directors.

The Minneapolis-based retail technology company said Wehrwein’s addition to the board brings growth expertise and knowledge of corporate finance.

"Sven has deep board level experience and has helped a number of companies to scale during periods of aggressive growth," said Steve Buege, chairman and CEO of Quantum Retail. "That combined with his wealth of experience in both corporate finance and long-term strategy made him a good fit for Quantum as we embark on our next phase of success."

Wehrwein currently sits on the boards of several Twin Cities-based companies including Proto Labs, SPS Commerce, Uroplasty, and Celleration. In addition, he has served as a director for a number of other emerging-growth companies such as Compellent Technologies, Image Sensing Systems, Synovis Life Technologies, Vital Images and Zamba Corp.

"Quantum offers game-changing solutions to tier-one retailers and is poised to broaden the reach of its technology to an even larger portion of the retail space,” Wehrwein said. “I believe Quantum has high potential for significant future growth and I’m excited to play a part in guiding that growth."

In addition to extensive board work, Wehrwein has a broad financial background including audit work as a CPA for Coopers & Lybrand, and a 14-year career in investment banking for Dean Witter Reynolds, Drexel Burnham Lambert, and Wessels, Arnold & Henderson.

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Investment banker Wehrwein joins Quantum board

BY CSA STAFF

Finance executive Sven Wehrwein is the newest member of the Quantum Retail Technology board of directors.

The Minneapolis-based retail technology company said Wehrwein’s addition to the board brings growth expertise and knowledge of corporate finance.

"Sven has deep board level experience and has helped a number of companies to scale during periods of aggressive growth," said Steve Buege, chairman and CEO of Quantum Retail. "That combined with his wealth of experience in both corporate finance and long-term strategy made him a good fit for Quantum as we embark on our next phase of success."

Wehrwein currently sits on the boards of several Twin Cities-based companies including Proto Labs, SPS Commerce, Uroplasty, and Celleration. In addition, he has served as a director for a number of other emerging-growth companies such as Compellent Technologies, Image Sensing Systems, Synovis Life Technologies, Vital Images and Zamba Corp.

"Quantum offers game-changing solutions to tier-one retailers and is poised to broaden the reach of its technology to an even larger portion of the retail space,” Wehrwein said. “I believe Quantum has high potential for significant future growth and I’m excited to play a part in guiding that growth."

In addition to extensive board work, Wehrwein has a broad financial background including audit work as a CPA for Coopers & Lybrand, and a 14-year career in investment banking for Dean Witter Reynolds, Drexel Burnham Lambert, and Wessels, Arnold & Henderson.

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Coinstar likes Facebook for customer contest

BY CSA STAFF

Coinstar is closing in on its one billionth transaction and using the occasion as the basis for a contest to drive engagement on Facebook.

The premise of the contest involves guessing the location of the city where the one billionth transaction will occur for the opportunity to win $1,000. Those interesting interested in submitting a guess have until June 13 to do so but must first like Coinstar on Facebook to access the contest details. Coinstar said it will be able to determine the location of the one billionth transaction because its 20,300 coin-counting machines are electronically connected to a central network.

In the company’s 23 year history, Coinstar said it has processed roughly 650 trillion coins weighing 4.6 billion pounds and valued at $37 billion. In addition, Coinstar said since its inception a charitable program called “Coins that Count,” has raised more than $72 million to support organizations including The American Red Cross, The Ronald McDonald House, The Humane Society of the United States and others. The Facebook one billionth contest also includes a charitable component. Coinstar plans to donate $10,000 to Seattle-based Childhaven, a nonprofit focused on child abuse and neglect.

"We have spent more than two decades helping people transform what they have into what they want," said Jim Gaherity, president of Coinstar. "We’re proud to celebrate this milestone by supporting the mission of Childhaven, and are looking forward to continuing to help people, coin by coin."

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