Food for Thought: New Opportunity to Save Money for College

Date : 06/22/2006 @ 10:26AM
Source : PR Newswire
Stock : Rewards Network (IRN)
Quote : 4.95  0.0 (0.00%) @ 6:25AM
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Food for Thought: New Opportunity to Save Money for College

Upromise and Rewards Network Create Opportunity to Win One of Five $5,000 Awards

NEEDHAM, Mass., June 22 /PRNewswire/ -- Love food? Like saving money? The next time you dine at that favorite participating restaurant, or even splurge on a gourmet dinner, you can satisfy your stomach, your college savings, and your conscience -- all at the same time -- thanks to Upromise Dining by Rewards Network.

(Logo: http://www.newscom.com/cgi-bin/prnh/20041109/NETU014LOGO )

Upromise Dining by Rewards Network helps Upromise members, who include parents, students, their families, and their friends, save money for college. In celebration of Upromise's 5th anniversary, members who register for this promotion and complete a qualified dining transaction at participating Rewards Network restaurants from June 18 to July 31 will be entered for a chance to win one of five $5,000 college savings awards. Members will receive one entry for registering and an additional entry for every qualifying dine. Write-in entries will also qualify for this sweepstakes(1). Upromise members will also receive a 5% bonus in addition to their regular dining benefit contribution for each qualified dine during the promotion period(2).

"We pride ourselves in offering families an easy way to save money for college. This sweepstakes is a step toward achieving that goal and a great way to celebrate Upromise's 5th anniversary," said Upromise President Tom Anderson.

This Upromise Dining program can potentially lead to significant savings. According to the National Restaurant Association Restaurant Industry Forecast, households headed by persons under age 25 spend nearly half (46.8%) of their total food dollars away from the home. As Upromise members, when they eat at participating restaurants they can get a percentage of their bill back as college savings. They can then use these savings to pay off eligible student loans, to create savings for graduate school or to save for college for a future student.

"Rewards Network is very pleased to have been a Upromise participating company since the program first started, and to support education on behalf of our participating restaurants," said Ron Blake, Rewards Network President and Chief Executive Officer.

From June 18, 2006 through July 31, 2006, when members register and dine at one of over 8,000 participating restaurants nationwide during a time the restaurant is offering college savings, and use a registered credit card to pay the bill, they can receive a bonus 5% on top of the standard offer of up to 8% in college contributions on the entire check. Members can log onto http://www.upromise.com/dining and search restaurants in their neighborhood or in any of the cities where they might be traveling.

About Upromise

Upromise's mission is to help families realize the dream of college. The Upromise Services division includes our popular Rewards Service, which allows families to automatically save money for college while making everyday purchases at more than 20,000 grocery and drug stores, 14,000 gas stations, 8,000 restaurants, thousands of retail stores and more than 350 online shopping sites. More than seven million parents, grandparents, and family friends have joined Upromise -- and our partner contributions today represent the largest private source of college aid in America. Upromise also makes it easy for families to invest in tax-advantaged college savings plans and to use contributions to pay off student loans. The 529 college savings plans are offered through Upromise Investments, Inc. (member NASD/SIPC). Upromise is headquartered in Needham, Mass. For additional information, visit http://www.upromise.com/ or call 781.707.8400.

About Rewards Network

Rewards Network (AMEX:IRN), headquartered in Chicago, Illinois, is a leading provider of marketing services and loyalty programs to the restaurant industry. In conjunction with leading airline frequent flyer programs, club memberships, and other affinity organizations, Rewards Network provides millions of members with incentives in a wide range of benefit currencies, including airline miles, loyalty/reward program points, and Cashback Rewards(SM) savings. Thousands of restaurants and other merchants participate in Rewards Network programs throughout the United States and Canada. Additional details about Rewards Network can be found at http://www.rewardsnetwork.com/ or by calling 1-877-491-3463.

(1) The Upromise Dining Anniversary Sweepstakes is sponsored by Rewards Network Services Inc. No purchase necessary to enter or win. Void where prohibited by law. Sweepstakes period 6/18/06 to 7/31/06. To enter for free send a 3"x5" card with your name, address, email address, and phone number to "Upromise Dining Fifth Anniversary Sweepstakes", 1407 Airport Road, Suite 2649, Monroe, NC 28110. Enter as often as you wish, but all mail-in entries must be mailed separately (one per envelope) and must be postmarked by July 31, 2006. Odds of winning depend on number of valid entries received.

Open only to legal residents of the United States, 18 years and older. Visit rn.upromise.com to view the official rules and regulations or to obtain a copy of the official rules by mail, send a self-addressed, stamped envelope to "Upromise Dining Fifth Anniversary Sweepstakes" Rules Request, 1407 Airport Road, Suite 2650, Monroe, NC 28110. Requests for rules must be received by July 31, 2006.

(2) Qualified dines are dines that occur after registering for this promotion and between 6/18/06 and 7/31/06 at participating restaurants during a valid benefit period and that are paid for with a credit or debit card registered with Upromise Dining. During the promotion period, registered members will receive an additional 5% member benefit on each qualified dine in addition to the standard benefit. Offer only valid for Upromise Dining members who have already set up an online account (by creating a Login ID and Password) at rn.upromise.com. Please allow 6-8 weeks after the promotion has ended for any bonus contributions to post to your account. For complete program Terms & Conditions, details, guidelines and restrictions, and the latest benefit schedules, visit rn.upromise.com.

Contact: Lindsay Currie for Upromise, Inc.

(202) 628-7772

Chris Curtis for Rewards Network (312) 521-6754

http://www.newscom.com/cgi-bin/prnh/20041109/NETU014LOGO

http://photoarchive.ap.org/

DATASOURCE: Upromise

CONTACT: Lindsay Currie for Upromise, Inc., +1-202-628-7772,

; or Chris Curtis for Rewards Network, +1-

312-521-6754

Web site: http://www.upromise.com/

http://www.rewardsnetwork.com/

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