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    RSTN   US74940T1043

RDE, INC.

(RSTN)
End-of-day quote OTC Markets  -  2022-12-05
1.700 USD   -5.56%
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

RDE Inc.'s Restaurant.com Reports Positive Data Insights from Summer 2022

09/20/2022 | 08:31am EST

Data Suggests Rebound in Consumers Dining at Restaurants and Experiencing Entertainment

Atlanta, GA, Sept. 20, 2022 (GLOBE NEWSWIRE) -- RDE, Inc. (OTCQB: RSTN) (the “Company”), the owner and operator of Restaurant.com, the nation’s largest restaurant-focused digital deals brand, is pleased to share diner data insights from its customers from Summer 2022. Restaurant.com discovered that more consumers are looking to get out of the house and eat at restaurants, despite the rising costs.

Restaurant.com has witnessed a 19% increase in consumers’ orders through their affiliate channel for the summer 2022, as compared to the summer of 2021. This is significant as the consumer affiliate channel is focused on bringing new consumers to their program. Compared to last summer, Restaurant.com has also seen a greater than 45% increase in consumer orders in their consumer entertainment line of business. This is further evidence that consumers are returning to in person activities whether dining at restaurants, going to shows, or attending concerts.

Lisa Nason, Director of Marketing of RDE, Inc., commented, “Our consumers want to go out and have memorable dining experiences at our restaurants. We are excited to see that as more people are heading out to eat, we can give our consumers both a wide variety of dining choices and a great value. As the trend continues and more consumers look to dine out more consistently, we are committed to growing our partnerships and providing discounts to restaurants nationwide.”

About RDE, Inc.
RDE, Inc. (OTCQB: RSTN) (Restaurant, Dining and Entertainment) is a pioneer in the restaurant deal space and the nation’s largest restaurant-focused digital deals brand. Founded in 1999, Restaurant.com, Specials by Restaurant.com and our Corporate Incentives division connect digital consumers, businesses and communities offering thousands of dining, retail and entertainment deal options nationwide at over 184,000 restaurants and retailers. Restaurant.com prides itself on offering the best deal, every meal. Our restaurant certificates and gift cards allow customers to save at thousands of restaurants across the country with just a few clicks.

For more information, visit: www.rdeholdings.com and https://www.restaurant.com.

Forward-Looking Statements
Press Releases may include forward-looking statements. In particular, the words “believe,” “may,” “could,” “should,” “expect,” “anticipate,” “estimate,” “project," "propose," "plan," "intend," and similar conditional words and expressions are intended to identify forward-looking statements. Any statements made in this news release about an action, event or development, are forward-looking statements. Such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the company. Accordingly, you should not place undue reliance on these forward-looking statements. Although the company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that its forward-looking statements will prove to be correct. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. The company takes no obligation to update or correct its own forward-looking statements, except as required by law or those prepared by third parties that are not paid by the company. Statements in this press release that are not historical fact may be deemed forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although RDE, Inc. believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, RDE, Inc. is unable to give any assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include the company’s ability identify a suitable business model for the corporation.

Investors Contacts:
ClearThink
nyc@clearthink.capital


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Financials (USD)
Sales 2021 3,32 M - -
Net income 2021 -4,99 M - -
Net Debt 2021 1,69 M - -
P/E ratio 2021 -1,48x
Yield 2021 -
Capitalization 24,1 M 24,1 M -
EV / Sales 2020 5,01x
EV / Sales 2021 2,81x
Nbr of Employees 28
Free-Float 9,87%
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Managers and Directors
Ketan Thakker Chairman, Chief Executive Officer & CFO
Aaron Horowitz President & General Counsel
Josh Randall Vice President-Technology
Kevin Harrington Director
Scot Wingo Director
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