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Solid balance sheet with $1.5 million in cash as of March 31, 2022
ATLANTA, Ga., July 19, 2022 (GLOBE NEWSWIRE) — RDE, Inc. (OTCQB: RSTN) (the “Company”), owner and operator of Restaurant.com, the nation’s leading restaurant-focused digital offerings brand, is pleased to announce that it is now a fully SEC compliant reporting company.
Ketan Thakker, President and CEO of RDE, Inc., said, “Our entire team, from our Board of Directors and our leadership team to our employees, are extremely proud to have reached this major milestone in our development. . We have now fulfilled a commitment we made to our shareholders and are firmly on the path to better access to capital markets. We believe this step should enable us to achieve our business goals in the future.
Thakker, continued, “We are delighted with our recent commercial progress with the signing of additional partnerships which should increase visibility and awareness and accelerate revenue growth. These include Blackhawk Network, Fresh Vine Wine and Takeout7. Restaurant.com is a pioneer in restaurant offerings and the nation’s largest restaurant-focused digital offerings brand. Our network of consumers, businesses and digital communities now reaches more than 182,500 restaurants and retailers and covers 7.8 million customers. Our three main B2C markets are New York, Chicago and Los Angeles.
For the first quarter ended March 31, 2022, the Company reported revenue of $0.8 million and net income of $0.3 million on EPS of $0.02 per share.
RDE, Inc. (OTCQB: RSTN) (Restaurant, Dining & Entertainment) is a pioneer in restaurant offerings and the nation’s largest restaurant-focused digital offerings brand. Founded in 1999, Restaurant.com, Specials by Restaurant.com and our Corporate Incentives division connect digital consumers, businesses and communities delivering thousands of dining, retail and entertainment options nationwide in more than 182,500 restaurants and retailers. Restaurant.com prides itself on offering the best deal, at 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.
Press releases may contain forward-looking statements. In particular, the words “believe”, “may”, “could”, “should”, “expect”, “anticipate”, “estimate”, “project”, “propose”, “plan”, “have intent” and similar conditional words and phrases are intended to identify forward-looking statements. All statements made in this press release regarding any action, event or development are forward-looking statements. These statements are based on assumptions which, 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 company’s control. Accordingly, You Should Not Unduly Rely 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 accurate. Investors are cautioned that forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements contained in this press release are made as of the date hereof. The company undertakes no obligation to update or correct its own forward-looking statements, except as required by law or those prepared by third parties who are not paid by the company. Statements contained in this press release that are not historical facts may be deemed to be 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 that the expectations reflected in the forward-looking statements are based on reasonable assumptions, RDE, Inc. cannot guarantee that its expectations will be achieved. Factors that could cause actual results to differ materially from expectations include the company’s ability to identify an appropriate business model for the company.