SOURCE: Rewards Network

August 12, 2008 16:00 ET

Rewards Network Inc. Repurchases $36.1 Million of Its 3.25% Convertible Subordinated Debentures

CHICAGO, IL--(Marketwire - August 12, 2008) - Rewards Network Inc. (NASDAQ: DINE), a leading provider of marketing services and frequent dining programs to the restaurant industry, today announced that it has repurchased $36.1 million of its 3.25% Convertible Subordinated Debentures ("Debentures") out of cash reserves. As of today, the outstanding balance of the Debentures is $16.8 million.

About Rewards Network

Rewards Network (NASDAQ: DINE), headquartered in Chicago, Illinois, operates the leading frequent dining programs in North America. Thousands of participating restaurants and other merchants benefit from the Company's extensive email, internet and print marketing efforts; member ratings, feedback and reporting; and access to capital. In conjunction with leading airline frequent flyer programs and other affinity organizations, Rewards Network provides millions of members with incentives to dine at participating restaurants, including airline miles, college savings rewards, reward program points, and Cashback Rewards(SM) savings. Additional details about Rewards Network can be found at www.rewardsnetwork.com or by calling 1-877-491-3463.

Contact Information

  • CONTACT:
    Christopher Locke
    Chief Financial Officer
    Rewards Network Inc.
    (312) 521-6741