Foodbuy.com (http://www.foodbuy.com), a leading e-services firm dedicated to all segments of the foodservice industry, today announced it was selected by Viejas Casino (http://www.viejas.com) as its rebate management and third party auditing group. The Casino expects the agreement to provide an eight to 12 percent reduction in its cost of goods that currently total between six to eight million dollars annually. In addition, foodbuy.com will endow an annual scholarship to the Viejas tribe's students for use in the hospitality field by slating a percentage of its Casino relationship revenues quarterly.

Located in San Diego County, Calif., Viejas Casino, owned and operated by the Viejas Bands of Kumeyaay Indians, will utilize foodbuy.com's comprehensive auditing, tracking and monitoring services as an extension of their current price verification process to ensure it effectively manages and reduces expenses with its foodservice distributor relationships.

As a result of foodbuy.com's recent acquisition of Foodservice.com, Viejas Casino also will be able to take advantage of foodbuy.com's other services, including an online community that provides a forum for sharing information, honoring industry excellence and providing current news and trends. The acquisition establishes foodbuy.com as the first and only portal offering a one-stop-shop of services -- everything from industry information to job listings, technology news and e-commerce services -- that will help foodservice manufacturers, distributors and operators conduct business efficiently and cost-effectively via the Internet.

"While a major portion of our expenditures goes toward food products to supply our five restaurants and other entertainment venues within the complex, we do not possess the internal resources to manage the auditing function," said Kim Pang, vice president of Food and Beverage for Viejas Casino. "We chose foodbuy.com to take on this task over its competitors because the company has a proven track record and delivers the range of services we need to save money, such as its independent, comprehensive reporting process."

As a managing partner of Viejas Casino's foodservice programs, foodbuy.com also has taken the position of investing in its customer relationship by establishing a scholarship for Native American students in the Viejas tribe. Designated for use in the hospitality industry, the foodbuy.com Annual Scholarship will be funded with five percent of foodbuy.com's quarterly revenues earned from the Viejas account. In addition, foodbuy.com will manage the accounting and reporting process for Viejas, allowing the Casino the authority to set and establish the criteria for the reward.

"Every business owner wants to find the best way to streamline inefficiencies and reduce costs," said Scott MacLellan, president and CEO, foodbuy.com. "And foodbuy.com's comprehensive selection of online purchasing services will allow Viejas Casino's multiple venues to achieve this goal. In addition, we are pleased to establish this scholarship endowment for continued education in the culinary arts because it answers a need within the community and establishes a true partnership between our two organizations."

More on foodbuy.com's Services

Foodbuy.com will relieve Viejas Casino of the labor intensive, time-consuming burden of auditing its multi-million dollar annual food purchases. The Casino expects to yield a significant cost savings of approximately eight to 12 percent in cost of goods utilizing foodbuy.com's services, which include:
  • foodbuy Rebates - to track and manage all Manufacturer Rebates, and pay quarterly to each of the Casino's food and beverage locations.

  • foodbuy Tracking - will track the allowances the Casino has negotiated with its foodservice distributors.

  • foodbuy Audit - via foodbuy.com's Audit System, it will monitor and track contract pricing versus the transactions by activity and location, while managing the pricing function to ensure that the margin or mark-up is correct. Line-item auditing will be performed on every item purchased to ensure contract compliance, with credit request issued if any discrepancies are found.
Viejas Casino is one of approximately 300 Native American casinos in the United States, ranking fourth behind other top-ranked domestic casino markets that provide gambling, entertainment, dining, outlet shopping and other family activities and services. To furnish its various restaurants and other facilities the Casino primarily purchases its food-related supplies from U.S. Foodservice(TM)one of the largest broadline foodservice distributors in the United States that distributes food and related products to restaurants and institutional foodservice establishments across the entire country. Currently, foodbuy.com is building relationships with a range of distributors across the United States and has 300 reporting distributors nationally.

About Viejas Casino

Viejas Casino's 238,000 square feet make it the largest gaming complex in San Diego county. The venue's restaurants The Grove Steakhouse, Harvest Buffet, Sunrise Diner and China Camp Express offer a variety of food and dining experiences. The Viejas Outlet Center offers shopping and saving on brands such as Nike, Tommy Hilfiger, Liz Claiborne and Gap Outlet and is open 10 a.m. - 9 p.m. Monday through Saturday and 10 a.m. - 7 p.m. on Sunday. Located just 30 minutes east of downtown San Diego, Viejas Casino and Viejas Outlet Center are at 5000 Willows Rd. in Alpine. For more information, call (619) 445-5400 or check their Web site at www.viejas.com.

About foodbuy.com

Foodbuy.com is a leading provider of business-to-business e-commerce services for the $150 billion foodservice marketplace. The company, which has more than $1.4 billion in aggregated purchasing power, offers foodservice operators, distributors and manufacturers a comprehensive suite of online services, which includes an e-Marketplace, content, community, data management services and group purchasing, that optimize the way their organizations operate.

Foodbuy.com also has a growing group of investors who include CMGI @Ventures, CMGI's venture capital affiliate and Morrison Management Specialists Inc. Foodbuy.com is headquartered in Atlanta, Ga., and has a West Coast office in Mission Viejo, Calif. For more information, visit the company's Web site at http://www.foodbuy.com or call 800-896-4442.