RDE, Inc. Announces Rebranding with Name Change to Giftify, Inc.
October 25 2024 - 9:30AM
RDE, Inc. (NASDAQ: GIFT) (the “Company”), the owner and operator of
leading digital platforms, Restaurant.com and CardCash.com, with a
focus on incentives and rewards in retail, dining and entertainment
experiences, is pleased to announce its corporate rebranding to
Giftify, Inc., which was approved by shareholders and officially
becomes effective on October 28th.
The new name will optimize the company’s brand
portfolio, reduce complexities, further underscore its evolution to
deliver solutions beyond its traditional Restaurant.com offering
and provides the Company broader options for expansion in the
future.
Ketan Thakker, Chief Executive Officer of
Giftify, Inc., commented: “Along with our recent uplisting to
Nasdaq, this is a major milestone for the Company as the digital
incentives and gift card markets accelerate. Giftify goes hand in
hand with our business and is easy to remember and relate to. This
new brand and evolving positioning perfectly illustrates our
growing ambition on the market.”
Thakker, continued: “Since we closed the
acquisition of CardCash.com at the end of 2023, our improved
margins and associated increase in gross profit demonstrate the
increased efficiencies we had identified and have now executed
upon. We continue to work on a plan to reactivate past users,
increase visibility to potential new users, cross-sell between the
two platforms and identify additional complementary strategic
acquisitions, all with a common goal to increase our user base and
revenue.”
About Giftify, Inc.
Giftify, Inc. is a pioneer in the incentive and
rewards industry with a focus on retail, dining and entertainment
experiences. Its Restaurant.com is the nation’s largest
restaurant-focused digital deals brand and CardCash.com is a
leading secondary gift card exchange platform. 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. CardCash.com is renowned for its leading
secondary gift card exchange platform, allowing consumers and
retailers to realize value by buying and selling gift cards at
various scales.
For more information, visit: and
https://www.restaurant.com and https://www.cardcash.com.
Forward-Looking Statements
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 Giftify, Inc. believes the
expectations reflected in any forward-looking statements are based
on reasonable assumptions, Giftify, 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:
ClearThinknyc@clearthink.capital
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