iDine.com, Inc., a leading supplier of revenue management solutions to restaurateurs and online dining rewards programs to frequent diners, today announced an alliance with Foodline.com, the leading provider of dining information and reservation management technology solutions to the restaurant industry. Under the terms of the agreement, iDine.com, a wholly owned subsidiary of Transmedia Network Inc., and Foodline.com will work together to make their respective services available to both companies’ restaurant customers and consumer members.
The alliance will allow participating iDine restaurants to use Foodline.com’s reservation capabilities through the iDine.com website as well as Foodline.com and Foodline.com-enabled partner sites. Similarly, visitors to Foodline.com will have access to special opportunities to join the iDine Choice(SM) online dining rewards program.
“iDine is extremely excited about teaming up with Foodline.com, a leader in the online reservation space,” says Jerry Hughes, vice president of business development for iDine.com, Inc. “Revenue management solutions and online reservations are a natural fit for our restaurant customers, just as dining rewards and reservations go together for our iDine Choice members. The combination of Foodline.com’s strengths in reservations and our expertise in revenue management and dining rewards programs creates the most significant and powerful front-of-house solution available to restaurateurs today,” he adds.
“We are thrilled to be working with the iDine team and Transmedia, a company that has fostered a long and successful history with the restaurant industry through its pioneering of transaction-based dining rewards programs,” says Karen Boyer, vice president of business development for Foodline.com. “This alliance will provide us with yet another means of driving business to the Foodline network of restaurants, while creating more value to the user experience of making reservations online.”
Now available in nearly twenty markets across the United States, Foodline.com provides enabling technology solutions to the restaurant industry, allowing restaurants to use information to enhance the relationships with their guests. Founded in 1998, Foodline.com is a venture-backed technology company whose investors include Ticketmaster Online-City Search, Inc., American Express, ZAGAT Survey, Kestrel Venture Management, the Wasabi Fund and several prominent angel investors. Foodline.com is currently working with some of the world’s premier restaurant groups representing over 1200 restaurants including Myriad Restaurant Group, Restaurant Associates, Michael’s Gourmet Group, Restaurants Unlimited (RUI), and Main Street Restaurant Group. Foodline.com’s global network of strategic partners including zagat.com, americanexpress.com, citysearch.com, Share our Strength (strength.org), Fodors.com, RestaurantRow.com, Evite.com, Starchefs.com and Food.com, collectively attract over two billion restaurant-seeking visitors per month. Unique to Foodline.com, FRS(TM) is completely secure web-enabled technology that allows multi-unit operators to 1) maintain a centralized database (among stores) of reservation information and customer profiles and 2) manage reservation books and run reports and marketing lists from any Internet-connected computer.
About iDine.com, Inc.
iDine.com, Inc. is a wholly owned subsidiary of Transmedia Network Inc., (NYSE:TMN), a leader in dining savings programs. The company offers online dining rewards programs to frequent diners and a breakthrough revenue management solution that enables restaurateurs to fill empty tables using variable dining rewards. iDine is addressing a sizeable target market of approximately 69,000 fine and casual dining restaurants and 58 million frequent diners. For more information, visit www.idine.com.
About Transmedia Network Inc.
Transmedia Network Inc. (NYSE:TMN) is the leading provider of transaction-based dining and other consumer rewards programs with over three million members and participating restaurants in thirty-five metropolitan markets throughout the United States. Through its dining rewards programs rebranded under the names iDine Prime(SM) and iDine ChoiceSM, Transmedia offers a variety of dining rewards opportunities at over seven thousand restaurants. In addition to its retail programs, Transmedia operates frequent flyer dining reward programs for most major U.S. airlines.
Any portion of information presented by iDine.com, Inc. or Transmedia that relates to future plans, events, developments or performance are forward-looking statements. Readers of this document and visitors to our web site are cautioned that all such statements and information involve risks and uncertainties as discussed in detail in the Company’s filings with the United States Securities and Exchange Commission. Actual results, events, developments or performances may differ materially. The public is cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date posted. The Company undertakes no obligation to post the results of any revisions to any forward-looking statements that may be made to reflect events or circumstances after the date posted in this document or on the web site, or to reflect the occurrence of unanticipated event.