Welcome to our dedicated page for RDE news (Ticker: RSTN), a resource for investors and traders seeking the latest updates and insights on RDE stock.
The RSTN news page on Stock Titan provides an archive of announcements and disclosures related to RDE, Inc., the owner and operator of Restaurant.com and CardCash.com. Company news releases describe RDE, Inc. as focusing on incentives and rewards in retail, dining and entertainment experiences, with Restaurant.com positioned as a restaurant-focused digital deals brand and CardCash.com described as a secondary gift card exchange platform.
In the news flow, readers can find updates on corporate developments such as the completed acquisition of CardCash.com, which company statements characterize as transformational for its profile and cross-selling opportunities. Releases also discuss the company’s application to uplist and subsequent approval to trade on the Nasdaq Capital Market under the symbol RSTN, followed by an announced change of ticker symbol from RSTN to GIFT while remaining listed on Nasdaq.
Other news items include periodic financial and operational updates where the company reports revenue figures, gross profit trends and commentary on efficiencies following the CardCash.com acquisition. Management commentary in these releases often highlights the performance of Restaurant.com and CardCash.com, the expansion of retailer networks, and product updates such as a new Restaurant.com mobile app.
Because the underlying business later appears in filings and releases under the Giftify, Inc. name and the GIFT ticker, this RSTN news page serves primarily as a historical record of announcements made while the company traded under the RSTN symbol. Investors and researchers can use this archive to review how the business evolved, including its acquisition activity, listing status changes and platform developments over time.
AUSTIN, Texas, March 30, 2021 (GLOBE NEWSWIRE) -- RDE Inc. (OTCQB: RSTN) explores its value as a provider of online deals to the restaurant industry through a new interview with CEO Ketan Thakker. RDE, which owns Restaurant.com, highlights its role in supporting independent restaurants during the COVID pandemic with multiple revenue streams and key partnerships. Notably, its collaboration with celebrity chef Fabio Viviani marks a significant addition to its advisory board. Management restructured the company amid lockdowns to reduce costs and prepare for recovery as dining demand rebounds.
RDE, Inc. (OTCQB:RSTN) has appointed Fabio Viviani as its inaugural member of the Restaurant Advisory Board. This initiative aims to strengthen RDE's ties within the restaurant industry, especially as COVID restrictions relax. CEO Ketan Thakker emphasized Viviani's expertise in enhancing restaurant profitability as beneficial for the company's growth strategy. Viviani, a renowned chef and hospitality developer, brings extensive industry experience, having launched numerous food establishments. This move is set to bolster Restaurant.com’s presence and service offerings.
RDE, Inc. (OTCQB:RSTN) announces that CEO Ketan Thakker will present at the Q1 Virtual Investor Summit on March 24, 2021, at 3:00 PM ET. This summit connects small- and mid-cap companies with investors, featuring live presentations and one-on-one meetings.
Thakker will discuss the company's strategy for enhancing visibility and driving revenue growth through its restaurant-focused digital deals platform. RDE, Inc. operates Restaurant.com, the largest digital deals brand in the restaurant sector, serving over 184,000 locations nationwide.
RDE, Inc. (OTCQB:RSTN) announces a partnership with AMAC, reaching 2.3 million members, primarily seniors. This collaboration aims to offer discounted dining deals, enhancing visibility and customer access.
CEO Ketan Thakker expressed enthusiasm for providing digital deals to AMAC's members. Founded in 1999, RDE, Inc. operates Restaurant.com, the largest restaurant-focused digital deals brand, connecting consumers with thousands of dining and retail options across the U.S.
RDE, Inc. (OTCQB:RSTN) has partnered with MemberHub, reaching over 2.8 million K-12 parents. This collaboration aims to introduce RDE's restaurant digital deals to MemberHub's engaged community, supporting schools while providing discounts to families. MemberHub's Givebacks platform enhances local commerce and school fundraising. CEO Ketan Thakker highlighted the mutual benefits of this partnership, while Robert Costa, COO of MemberHub, expressed excitement about expanding their offerings with RDE's local restaurant deals.
RDE, Inc. (OTCQB:RSTN) reported 2020 financial results, achieving $2.9 million in revenue, with a pro-forma revenue of $4.4 million had Restaurant.com been consolidated for the full year. The company posted a net income of $332,000 or $0.06 per share, a significant improvement from a loss of ($1.37) per share in 2019. Shareholder equity rose from ($7.8 million) to $1.1 million. Looking ahead, RDE anticipates growth as restaurants reopen and plans to expand its B2B segment with Fortune 500 clients.
Virtual Investor Conferences announced that the February 11 Regulation A+ Investor Conference presentations are now available for on-demand viewing. Investors can access these presentations for 90 days and download shareholder materials for three weeks. Notable presentations include panels on Democratized Public Offerings and sessions from companies like BacTech Environmental Corp (BCCEF), RDE, Inc. (RSTN), and Monogram Orthopedics. This initiative enhances investor engagement and provides a platform for emerging companies to connect with potential investors.
RDE, Inc. (OTCQB: RSTN), operating as Restaurant.com, will present live on February 11, 2021, at 1:30 PM ET during an event hosted by VirtualInvestorConferences.com. CEO Ketan Thakker will engage with investors through an interactive online platform, allowing real-time questions. An archived version will be accessible after the event. Investors are encouraged to pre-register to enhance participation. Restaurant.com, celebrating its legacy since 1999, is the largest restaurant-focused digital deals brand in the U.S., boasting partnerships with over 184,000 restaurants and retailers.