RDE Inc (PK:RSTN)
Business Focus: E-commerce & Auction Services
| Sector: Technology | Industry: Internet Services |
| Company Contact | |
| Address: | 5880 Live Oak Parkway, Suite 100 NORCROSS GA 30093 |
| Tel: | N/A |
| Website: | https://www.rdeholdings.com |
| IR: | See website |
| Key People | ||
| Ketan Thakker Chairman of the Board, Chief Executive Officer | Aaron Horowitz President of Restaurant.com | Tim Miller Vice President - Enterprise B2B Sales of Restaurant.com |
| Lisa Nason Director of Marketing of Restaurant.com | Balazs Wellisch Chief Technology Officer of Restaurant.com | |
| Business Overview |
| RDE, Inc. owns and operates Restaurant.com, a pioneer in the restaurant deal space and the nation's restaurant-focused digital deals brand. The Company has two principal divisions, business-to-consumer (B2C) and business-to-business (B2B), for both CardCash and for Restaurant.com. CardCash operates as a gift card exchange platform, facilitating the purchase and sale of unused gift cards at discounted rates for both consumers and businesses. CardCash's core service offering includes the buying and selling of gift cards from over 1,100 retailers, such as Target, Home Depot, Starbucks and TJ Maxx, among others. In addition to its consumer-focused operations, CardCash provides white-label solutions for brands, allowing them to integrate gift card exchange capabilities into their own platforms. Its Specials by Restaurant.com, which bundles Restaurant.com certificates with a variety of other entertainment options, including theatre, movies, wine and travel. |
| Financial Overview |
| For the nine months ended 31 May 2006, RDE Inc revenues increased from $12K to $126K. Net loss applicable to common stockholders excluding extraordinary items increased from $3.8M to $10.9M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Interest, net increase from $1.1M to $5.6M (expense). |
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