RDE, Inc.(GIFT)

Search documents
Giftify, Inc. Reports Surge in Pharmacy Retailer Gift Card Demand Following GLP-1 Medication Savings Initiative
Globenewswire· 2025-03-12 12:30
Core Insights - The company has reported a significant increase in gift card sales due to a smart savings program for GLP-1 diabetes and weight loss medications, driven by consumer demand for cost-saving healthcare solutions [1][3] - CardCash.com, the company's secondary gift card exchange platform, saw a remarkable 916% week-over-week increase in the face value of gift cards sold at major pharmacy retailers [2] - The company has increased its inventory levels to meet the growing demand for pharmacy gift cards, ensuring competitive discount rates while supporting healthcare accessibility [3][4] Sales and Inventory Growth - The surge in sales is attributed to innovative savings opportunities for high-cost prescription medications like Ozempic and Zepbound, alongside increased demand for seasonal health products [2][4] - CVS inventory levels grew by 120% year-over-year, while Walgreens inventory experienced a 736% increase [8] Strategic Focus - The company emphasizes its pharmacy gift card program to address the need for affordable access to newer treatment options, supporting broader healthcare accessibility [4] - The CEO highlighted that the growth in sales validates the company's strategic expansion into the healthcare sector [3]
Giftify, Inc. Launches Sports Ticket & Merchandise Savings Platform as Fan Expenses Surge
Globenewswire· 2025-03-05 13:30
Core Insights - Giftify, Inc. is expanding its CardCash.com platform into the sports retail sector to provide cost-saving solutions for consumers ahead of the 2025 MLB season [1][5] - The average cost for a family of four to attend a baseball game has risen to $152, with premium seats increasing by up to 38.8% [2] - CardCash.com offers discounted gift cards from major retailers, allowing families to save on tickets and merchandise, with potential savings of 10-20% [3][4] Group 1: Company Strategy - The expansion into the sports retail sector is part of the company's strategic growth initiative for 2025 [1] - The platform allows consumers to purchase discounted gift cards and monetize unused gift cards, creating a financial ecosystem for sports fans [4][5] - The initiative aims to engage consumers in high-frequency spending categories, enhancing recurring engagement with the platform [5] Group 2: Market Context - Rising ticket prices are prompting fans to seek savings, with the average cost of attending a game significantly increasing [2] - Families can save over $30 on tickets by using discounted gift cards purchased through CardCash.com [3] - The company encourages fans to exchange unused gift cards for cash or store credit, promoting a culture of maximizing value from existing resources [4][5]
Giftify, Inc. Launches Sports Ticket & Merchandise Savings Platform as Fan Expenses Surge
Newsfilter· 2025-03-05 13:30
Core Insights - Giftify, Inc. is expanding its CardCash.com platform into the sports retail sector to provide cost-saving solutions for consumers ahead of the 2025 MLB season [1][5] - The average cost for a family of four to attend a baseball game has risen to $152, with premium seats increasing by up to 38.8% [2][3] - CardCash.com offers discounted gift cards from major retailers, allowing families to save 10-20% on tickets and merchandise [4][5] Company Strategy - The initiative aims to help sports fans save on tickets, apparel, and game-day essentials, aligning with the company's strategic growth for 2025 [1][5] - The platform allows users to monetize unused gift cards, creating a financial ecosystem for sports enthusiasts [4][5] - The CEO emphasizes the importance of utilizing old gift cards to enhance the fan experience at ballparks [5] Market Context - Rising ticket prices are prompting fans to seek savings without sacrificing their enjoyment of the sport [4] - The company positions itself as a leader in the incentives and rewards industry, focusing on high-frequency consumer spending categories [5][6]
Giftify, Inc. Announces Smart Savings Solution for Popular GLP-1 Diabetes and Weight Loss Medications
Globenewswire· 2025-02-20 13:30
Core Insights - CardCash.com, owned by Giftify, Inc., is introducing cost-effective solutions for high-demand GLP-1 weight loss medications, addressing the growing prescription drug market [1][6][7] Group 1: Company Initiatives - CardCash.com is leveraging discounted pharmacy gift cards from major retailers like CVS and Walgreens to help consumers manage rising out-of-pocket expenses for GLP-1 medications [2][5] - The initiative aligns with national efforts to improve healthcare affordability, contributing to the dialogue on making essential medications more accessible [3][6] - The platform allows users to combine discounted gift cards with manufacturer savings programs and prescription discount services, enhancing overall savings [5][6] Group 2: Market Demand and Consumer Feedback - There is a growing market demand for GLP-1 medications such as Ozempic, Mounjaro, and Wegovy, which presents a significant opportunity for CardCash.com [6][7] - Consumer feedback indicates positive financial impacts, with users reporting savings on medications purchased through the platform [4][6] Group 3: Strategic Focus - The initiative reflects Giftify's strategic focus on expanding digital savings platforms into high-growth consumer markets, particularly in healthcare [7]
Giftify Deploys Enterprise AI Solutions Driving Operational Excellence and Innovation
Globenewswire· 2025-02-13 13:30
Core Insights - The company has successfully implemented enterprise-wide AI solutions, resulting in significant operational efficiencies and cost reductions, while laying a foundation for enhanced customer engagement and sustainable growth [1][2] Group 1: AI Implementation and Results - The marketing and sales teams have utilized advanced AI models to optimize email and social media campaigns, leading to improved ROI and reduced operational costs [2] - AI-driven sales outreach has enhanced customer relationship management, resulting in increased conversion rates and improved operational efficiency [2] - The proprietary AI-powered customer service platform has achieved a 40% reduction in response times and a 20% decrease in support-related email volume, along with measurable improvements in customer satisfaction metrics and enhanced team productivity [6] Group 2: Company Overview - Giftify, Inc. is a leader in the incentives and rewards industry, operating platforms such as CardCash.com and Restaurant.com, which connect consumers with dining, retail, and entertainment deals [3] - CardCash.com serves as a secondary gift card exchange platform, while Restaurant.com is the largest restaurant-focused digital deals brand in the nation, offering thousands of options at over 184,000 restaurants and retailers [3]
Giftify, Inc. Cancels Equity Line of Credit
Newsfilter· 2025-02-05 13:30
Core Viewpoint - Giftify, Inc. has announced the cancellation of its equity line of credit (ELOC) and the termination of a common stock purchase agreement with an institutional investor, reflecting a strategic decision in its financial management [1][2]. Company Overview - Giftify, Inc. operates leading digital platforms, CardCash.com and Restaurant.com, focusing on incentives and rewards in retail, dining, and entertainment experiences [3]. - CardCash.com serves as a secondary gift card exchange platform, enabling consumers and retailers to buy and sell gift cards [3]. - Restaurant.com is recognized as the largest restaurant-focused digital deals brand in the U.S., connecting consumers with thousands of dining, retail, and entertainment deals across over 184,000 locations [3]. Financial Decisions - The company entered into a common stock purchase agreement on December 16, 2024, allowing it to sell up to $10,000,000 of newly issued shares, which has now been mutually terminated as of February 4, 2025 [2].
Giftify, Inc. Highlights 2025 Strategic Growth Initiatives for Restaurant.com
Globenewswire· 2025-01-21 13:00
Core Insights - Giftify, Inc. is focusing on strategic growth initiatives for Restaurant.com, aiming to enhance shareholder value and re-activate its user base [1][2] - The Corporate Incentives division is a key area for expansion, with plans to hire additional sales and marketing personnel to drive growth [2][6] Company Overview - Giftify, Inc. operates digital platforms CardCash.com and Restaurant.com, specializing in incentives and rewards in retail, dining, and entertainment [3] - Restaurant.com is the largest restaurant-focused digital deals brand in the U.S., offering deals at over 184,000 restaurants and retailers [2][3] Strategic Growth Initiatives - The company aims to re-activate its past registered users, which numbered around 10 million during its peak [2] - Plans include expanding the Corporate Incentives segment, which has already shown success through various campaigns [2][6] - Additional strategies involve enhancing user engagement through personalized deal recommendations and increasing activity among existing restaurants on the platform [6]
Giftify, Inc. Plans for Accelerated Growth for CardCash in 2025
Globenewswire· 2025-01-16 13:00
Core Insights - Giftify, Inc. aims to enhance revenue by increasing the number of participating retailers, users, and transactions on its CardCash platform [1][3] Strategic Growth Initiatives - The company has identified several strategic priorities to accelerate growth at CardCash, including expanding the retail merchant network through new partnerships and cross-selling partnerships with other consumer platforms [2][6] - The launch of innovative offerings and the ability to sell gift cards through the app are also key initiatives [6] - Enhancing user engagement through data, artificial intelligence, and personalized deal recommendations is a focus area [6] Fraud Prevention - CardCash's proprietary online fraud prevention tool, FraudFix, is critical for combating fraud risks, analyzing transactions in under one second using over 165 parameters [2][6] Company Overview - Giftify, Inc. operates CardCash.com, a leading secondary gift card exchange platform, and Restaurant.com, the largest restaurant-focused digital deals brand in the U.S. [4] - The company connects digital consumers with businesses, offering thousands of dining, retail, and entertainment deals nationwide [4]
Giftify, Inc. Announces Pricing of $600,000 Public Offering of Common Stock with No Warrants
Globenewswire· 2025-01-15 14:30
Core Points - Giftify, Inc. announced a public offering of 600,000 shares at a price of $1.00 per share, expecting gross proceeds of approximately $600,000 before expenses [1] - The offering is set to close on January 16, 2025, pending customary closing conditions [1] - Craft Capital Management LLC is the sole placement agent for this offering [2] Company Overview - Giftify, Inc. operates digital platforms such as CardCash.com and Restaurant.com, focusing on incentives and rewards in retail, dining, and entertainment [4] - CardCash.com is a secondary gift card exchange platform, while Restaurant.com is the largest restaurant-focused digital deals brand in the U.S., offering deals at over 184,000 restaurants and retailers [4] - The company aims to use the net proceeds from the offering for general corporate purposes, capital expenditures, working capital, and administrative expenses [2]
Giftify, Inc. Announces Pricing of $600,000 Public Offering of Common Stock with No Warrants
Newsfilter· 2025-01-15 14:30
Core Viewpoint - Giftify, Inc. has announced a public offering of 600,000 shares at a price of $1.00 per share, aiming to raise approximately $600,000 in gross proceeds before expenses [1][2]. Group 1: Company Overview - Giftify, Inc. operates digital platforms CardCash.com and Restaurant.com, focusing on incentives and rewards in retail, dining, and entertainment [4]. - CardCash.com is a secondary gift card exchange platform, while Restaurant.com is the largest restaurant-focused digital deals brand in the U.S., offering deals at over 184,000 restaurants and retailers [4]. Group 2: Offering Details - The public offering consists of 600,000 shares with no warrants, expected to close on January 16, 2025, subject to customary closing conditions [1]. - Craft Capital Management LLC is the sole placement agent for this offering [2]. - The net proceeds from the offering will be used for general corporate purposes, capital expenditures, working capital, and general administrative expenses [2]. Group 3: Regulatory Information - A shelf registration statement related to the public offering was filed with the SEC and declared effective on October 15, 2024 [3]. - Preliminary prospectus supplements and accompanying prospectus are available on the SEC's website [3].