RDE Inc. CEO Discusses Corporate Resilience and Resolve in Audio Interview with SmallCapVoice.com
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. has established significant partnerships, including one with MemberHub to access nearly 3 million users.
- Collaboration with celebrity chef Fabio Viviani enhances RDE's credibility and access to industry expertise.
- Management's proactive restructuring has reduced operating costs and positioned the company for post-pandemic recovery.
- The company faced challenges immediately after acquiring Restaurant.com due to the timing of national lockdowns.
- Management noted a projected hit on topline revenue during the pandemic, indicating potential revenue declines.
AUSTIN, Texas, March 30, 2021 (GLOBE NEWSWIRE) -- SmallCapVoice.com Inc. (“SCV”) announces the availability of a new interview with Ketan Thakker, CEO of RDE Inc. (OTCQB: RSTN) (“the Company”), to discuss the Company’s value as a provider of online deals to the restaurant industry, as well as management’s ability to generate growth amid the COVID pandemic.
RDE (restaurant, dining and entertainment) owns and operates Restaurant.com, the largest restaurant-focused digital deal brands in the U.S. Through an array of customized rewards, incentives and loyalty benefits programs, Restaurant.com has become a key ingredient in the recipe for resilience for many independent restaurants nationwide.
Speaking with SCV’s Stuart Smith, Thakker describes the Company’s operations and how it generates multiple revenue streams through its B2B, B2C and ancillary businesses. Key partnerships – which include T-Mobile, Florida Power, Progressive Insurance, Hertz, AFLAC and others – sweeten the structure, with each agreement growing the Company’s database of consumers by the millions.
The interview highlights several of these partnerships, including a recent agreement with MemberHub in which Restaurant.com will offer its restaurant-focused digital deals to the nearly 3 million users of MemberHub, and another with AMAC (the Association of Mature American Citizens) and its 2.3 million members.
Of great significance is RDE’s partnership with celebrity chef Fabio Viviani as the first member of the Company’s Restaurant Advisory Board. Viviani, a hospitality developer, best-selling cookbook author and TV host, has opened dozens of food establishments, restaurants, bars and event spaces. Fabio Viviani Hospitality is one of the nation’s leading restaurant groups, serving more than 10 million meals each year.
“One of our initiatives in 2021 was to partner with restaurateur and chefs who are at the forefront of the industry, who are feeling the pain through this pandemic,” states Thakker. Viviani recognizes RDE’s efforts to get the restaurant industry back on its feet, he says, and joined the Company’s advisory board to contribute his expertise to the rebound.
The interview shifts to RDE’s financial performance and its ability to excel through the COVID pandemic. Thakker describes how the celebration of RDE’s acquisition of Restaurant.com in the spring of 2020 collided with the first wave of national lockdowns.
Management pooled their expertise, leveraging over 100 years of combined to restructure RDE during the lockdown and plan for the year ahead.
“RDE bought Restaurant.com on March 1, 2020. Fourteen days later, the entire country goes on a lockdown, including Restaurant.com. What we did as a management team … we took the time to restructure everything from service providers to our lease to reduce our operating costs,” explains Thakker. “We knew we were going to take a hit on topline, so when we come out of this pandemic, whether it’s 10 weeks or 10 months later, we were going to be ready to go. On the planning side, we also took time to rebuild and enhance our technology, we built our new product offering that we’re going to be coming out with in Q2. We are ready to go as we come to an end of this pandemic.”
Thakker says he is confident that consumer demand and the ease of dining out will propel the restaurant industry into a rapid, leading comeback as COVID restrictions are lifted.
“Our industry is going to bounce back first,” he says. “When you look at all the industries that have been affected, whether it’s restaurants, airlines, hotels, cruise or theaters, our industry is going to pop or bounce back first. Why? One, because of pent-up demand. Two, it’s the easiest thing for people to do … I can just pick up and go, I don’t need to make any reservations at a hotel, or reservations with an airline that’s three months out … that’s why I believe that the restaurant industry is going to bounce back immediately as we get going here post-pandemic.”
The full interview be heard at: https://www.smallcapvoice.com/interview-rde-inc-rstn/
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.
About SmallCapVoice.com
SmallCapVoice.com, Inc. is a recognized corporate investor relations firm, with clients nationwide, known for its ability to help emerging growth companies, small cap and micro-cap stocks build a following among retail and institutional investors. SmallCapVoice.com utilizes its stock newsletter to feature its daily stock picks, podcasts, as well as its clients' financial news releases. SmallCapVoice.com also offers individual investors all the tools they need to make informed decisions about the stocks in which they are interested. Tools like stock charts, stock alerts, and Company Information Sheets can assist with investing in stocks that are traded on the OTCMarkets. To learn more about SmallCapVoice.com and its services, please visit https://www.SmallCapVoice.com/small-cap-stock-otc-investor-relations-financial-public-relations/.
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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
SmallCapVoice.com Contact:
Stuart T. Smith
512-267-2430
Info@SmallCapVoice.com
Source: SmallCapVoice.com
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