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$RSTN News! RDE, Inc. Adds Legendary Restaurateur and Athlete Bo Jackson to its Advisory Board
https://finance.yahoo.com/news/rde-inc-adds-legendary-restaurateur-123000500.html
Nothing like inundating this board with spam.
Press out on it today
Moody's upgraded its outlook for the U.S. restaurant industry from negative to stable, according to an an Oct. 20 report emailed to Restaurant Dive. The status change comes as business conditions are expected to continue to slowly improve in the next 12 to 18 months due to easing restrictions and consumers' gradual return to dining out.
“On a positive note, 2021 will be better than 2020 and for most [restaurant segments] the operational trend is advancing, not retreating,” Riehle told Nation’s Restaurant News. With 2020 being the worst year in restaurant industry history it will take some time to get back to pre-pandemic levels across a variety of operating pararemeters.”
This will be the “year of transition and rebuilding,” Hudson Riehle, senior vice president of the research and knowledge group with the National Restaurant Association said, and it will take time before the industry gets back to pre-pandemic levels. Last year ended with sales $240 billion below the forecasted levels, with approximately 110,000 foodservice establishments permanently closed (and nearly three-quarters of those operators saying they would not open another restaurant).
After a steep decline in sales in 2020, 2021 will be a year of transition and rebuilding, the National Restaurant Association State of the Industry report says
Been rising on low low volume lately
I'm sure it will guys, patience is key here
Let’s hope this happen this week
some traders on telegram are calling 5.00+
Should let’s see more volume first
would be nice if this can happen by next week! $RSTN
If break 52 WK high, blue sky ahead!!!
Yes good sign
Higher lows = bullish
Yes someone is holding it up
Chart is bullish to me, holding well, got legs/support
looks like it! $RSTN
Looks like we're heading higher, strong chart
$RSTN BUY (Barchart) https://www.barchart.com/stocks/quotes/RSTN/overview
$RSTN daily chart https://www.stockscores.com/charts/charts/?ticker=Rstn
$RSTN RDE, Inc. is committed to providing consumers with a single destination for dining & entertainment experiences. Our 250,000-large network of partner relationships and wide-spread platforms make it easy for our customers to do more and spend less.
$RSTN 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/
$RSTN 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.”
$RSTN “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.
$RSTN 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.
$RSTN 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.
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.
$RSTN 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.
$RSTN 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.
You're right at least 100k shares or more but should move with less too 5.00 not far away must be very thin, will check during market hours
We’re good here just need at least 100k+ volume to make a move imho... $RSTN
Sales at U.S. eating and drinking places will jump 10.2% in 2021 to an aggregate $548.3 billion as consumers indulge pent-up demand for restaurant experiences they were denied during the pandemic, according to a forecast released by the National Restaurant Association. $RSTN
yes sir! $RSTN shouldnt be trading down here!
Wow $RSTN very low float here ... 5.00+ shouldn't be hard to reach or break, just need a bit more volume
I’ll be watching it closely, thank you guys
Totally agree with you, $RSTN is def well positioned
$RSTN is definitely in the right industry!
Restaurant Industry Projected To Hit $1.2 Trillion In Sales By 2030 https://www.forbes.com/sites/aliciakelso/2019/11/06/restaurant-industry-projected-to-hit-12-trillion-in-sales-by-2030/
lets see if can break and close above 3.00 today
$RSTN Fabio Viviani is a Celebrity Chef, hospitality developer, best-selling cookbook author and TV Host. In 2005, he moved from Italy to United States to expand his journey into hospitality. In 2008, he appeared on the reality television competition series Top Chef where he was voted "Fan Favorite". Since 2005 Fabio has open three dozen of food establishments, restaurants, bars and event spaces and served as spokesperson for several international brands. With over 10 million meals served each year Fabio Viviani Hospitality is one of the leading Restaurant Groups in the U.S.
For additional information on Fabio Viviani and his restaurants, please click:
https://www.fabioviviani.com/main/fabio-viviani.php
$RSTN Fabio Viviani, stated, "I have devoted much of my life to helping restaurants and the restaurant industry with strategies to enhance their chances of success and profitability. I am excited to join RDE, Inc.'s Restaurant Advisory Board to utilize my knowledge and relationships to continue that mission. I look forward to working with the team and additional Restaurant Advisory Board members to expand the Restaurant.com brand and its's services to the Hospitality community which will boost the individual restaurants and the industry as a whole."
$RSTN RDE's Chief Executive Officer Ketan Thakker, commented, "We welcome Fabio Viviani to our Restaurant Advisory Board and look forward to working closely with him on the reemergence of the restaurant industry as COVID restrictions are eased, enhancing RDE, Inc. and Restaurant.com's presence to help restaurants grow while consumers enjoy their meal experiences. His relationships and experience as a restauranteur and as a chef will be valuable assets to our management team and the company."
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