Aggregate unaudited 2022 revenue of
Tremendous Synergistic cross-sell opportunity across platforms and offerings to businesses and consumers
The acquisition is targeted to close by the end of 2023 and is subject to certain closing conditions. The business combination will enable RDE to expand its current offerings in the
Key highlights of the acquisition:
- Combined unaudited revenue of
RDE, Inc. and CardCash.com for 2022 would be$101.7 million and$46.9 million throughJune 30, 2023 . - We believe that the combined resources of
RDE, Inc. and CardCash.com will enable customers to experience unprecedented savings on gift card purchases. By leveraging the power of digital technology, customers can exchange or access discounted gift cards instantly and realize substantial savings every time they dine, shop, or enjoy entertainment. - Seamless User Experience: With the integration of best practices from both companies, the customer journey will be enhanced, offering a user-friendly and streamlined experience.
- Enhanced Value for Merchants: Restaurants and retailers partnering with
RDE, Inc. will benefit from exposure to CardCash.com's vast customer base. We believe that this expanded reach will drive increased foot traffic and sales for businesses.
“The synergy between
“We are excited to join
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. According to ReportLinker, the
The CardCash Exchange Platform is an exclusive program for retailers that allows a business to turn their competition’s customers into loyal customers of their company. CardCash purchases competitor gift cards and seamlessly converts them into partner company branded currency. All sales are incremental so retail partners and their customers do not lose out on the transaction.
The parties are targeting the closing of the transaction by end of 2023, subject to closing conditions. The description of the transaction contained herein is only a summary and is qualified in its entirety by reference to the definitive agreement relating to the transaction, a copy of which will be subsequently filed by RDE with the
About
About CardCash
CardCash has the world's largest inventory of discounted gift cards. and since its inception, has processed over a billion dollars in gift cards. Today, we continue our tradition of keeping an open dialog with consumers, constantly evolving new, innovative ways to get the best price. We have a strong mission of never letting anyone pay the full amount for anything by turning the world's over
CardCash's continued ecommerce success earned recognition in Inc 5000's Nation’s Fastest-Growing Companies list for the sixth straight year in 2017, among a mere four-percent of all the companies that qualified. CardCash was also named one of Forbes' Most Promising Companies and has been featured in publications such as
For additional information, please visit: https://www.cardcash.com
Investors Contacts:
ClearThink
nyc@clearthink.capital
Source:
2023 GlobeNewswire, Inc., source