AOL's Digital City and OpenTable.com to Offer Online Restaurant Reservations.Business Editors SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , Calif. and VIENNA, Va.--(BUSINESS WIRE)--March 22, 2000 Agreement Brings OpenTable.com's Real-Time Reservations to digitalcity.com and Several AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. Brands OpenTable.com (www.opentable.com), the leader in online restaurant reservations, and AOL's Digital City, the nation's leading local online network, today announced the availability of real-time restaurant reservations across the Digital City network. Under the agreement, OpenTable.com will be the preferred provider of restaurant reservations on digitalcity.com and the local channels of several AOL interactive brands, including AOL, AOL.COM, CompuServe, and Netscape Netcenter. OpenTable.com's real-time restaurant reservations will be accessible in the Digital City Dining and Visitor's Guides and Digital City Reservation Center. Users will find a personalized, real-time dining reservation system, with the ability to instantly reserve open tables at fine dining establishments around the country. OpenTable.com's restaurant reservations are currently available in eight cities, and will be enabled on more Digital City sites over the coming months. The real-time reservations offered by OpenTable.com are one of many new dynamic and interactive services now offered on Digital City 2000, an expanded version of the popular Digital City network which was announced yesterday by AOL. The new Digital City 2000 captures the true essence of each city by marrying AOL's trademark ease-of-use and convenience with tailored local content, applications and an unprecedented depth of member driven content. "The combination of Digital City's top-notch content and our reservation functionality is a tremendous benefit to consumers and restaurateurs," said Chuck Templeton, OpenTable.com president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Digital City is one of the first places on the Internet people go to plan a trip or an evening out. Now, beyond the valuable information and entertaining content available on the Digital City network, visitors to AOL's other interactive brands will have the ability to act on that content and make free reservations. We're thrilled that Digital City shares our enthusiasm for helping consumers make the most of their time online," he said. "We're looking forward to offering OpenTable.com reservations on our Digital City sites," said Paul DeBenedictis, President of AOL's Digital City. "The new Digital City 2000 is all about helping people get more out of the places they live in and visit, and get things done faster and easier. As the leaders in the emerging online reservation space, OpenTable.com is a great partner for us in terms of adding online reservation functionality to our growing list of new services." About Digital City, Inc. AOL's Digital City, the nation's leading local online network, provides users with an easy-to-use, customizable resource to help them quickly find high quality, up-to-date information and tools in the cities where they live and visit. Whether planning a night on the town, or looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. the best local stores or services, AOL's Digital City is the single local source people can rely on to help them save time in their daily lives. Through a unique blend of entertainment and traveler's listings and information, shopping and services resources, "Best of the City" editorial picks, and real-people reviews by its nationwide network of "Local Experts," AOL's Digital City makes any city feel like home...fast. About OpenTable.com OpenTable.com, the online restaurant reservation network, is based in San Francisco, California “San Francisco” redirects here. For other uses, see San Francisco (disambiguation). The City and County of San Francisco (EN IPA: [sænfrənˈsɪskoʊ] , and has offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Chicago, Boston, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , Seattle and Washington DC. OpenTable.com is an Internet company dedicated to providing dining consumers with the best possible reservation experience, and restaurants with the best available customer management tools. OpenTable.com has partnered with restaurants from An American Restaurant Group, Ark Restaurants Corp., California Caf Restaurant Corp., the Lark Creek Group, Lettuce Entertain You Enterprises Lettuce Entertain You Enterprises (LEYE) is an empire of approximately 70 restaurants founded by Rich Melman and Jerry A. Orzoff in Chicago, IL in 1971. History , Inc., Real Restaurant Group, Restaurants Unlimited, and Union Square Hospitality Group. OpenTable.com is backed by leading Venture Capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] including Impact Venture Partners, Benchmark Capital Benchmark Capital is a venture capital firm responsible for the early stage funding of some very successful startups, including eBay. In 1995, the firm invested $6.7 million in eBay, which became worth more than $5 billion by the spring of 1999 and resulted in one of Silicon and Prescient pre·scient adj. 1. Of or relating to prescience. 2. Possessing prescience. [French, from Old French, from Latin praesci Capital, as well as American Express American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses. . For more information about OpenTable.com or its online restaurant reservation network visit http://www.opentable.com/ or call 1.800.OPENTABLE. |
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