Business Wire - August 2, 2005

San Francisco Companies Now Log On to Dine In with SeamlessWeb

Friedman, Billings, Ramsey Group, Inc., Seyfarth Shaw Among Early Business Adopters of Web-Based Restaurant Ordering Service

SAN FRANCISCO—August 2, 2005 – SeamlessWeb, the industry-leading provider of Web-based systems for ordering from local vendors, today announced the expansion of its services into the San Francisco area. Early adopters of the business-to-business service include top ten investment bank Friedman, Billings, Ramsey Group, Inc. (FBR) and Seyfarth Shaw LLP, the leading law firm for management, labor and employment expertise, along with 15 of the most reputable companies in San Francisco. SeamlessWeb is adding new business clients daily with employees that order in for breakfast, lunch or dinner.

"San Francisco area businesses are thriving, and we hope to contribute to their growth by offering them a viable solution for lowering their internal foodservice costs," said Jason Finger, CEO of SeamlessWeb. "SeamlessWeb is changing the way corporate America eats, one city at a time. We have processed over six million meals since our inception in 1999, and help our clients dramatically lower their annual food costs while offering an entirely new revenue stream to our restaurant, catering and vendor partners."

FBR Regional Facilities Manager Rina Persico said, "SeamlessWeb has been instrumental in maximizing efficiencies for our regional offices. Our accounts payable department is pleased with the ease of use, and the vendor selection is terrific."

"SeamlessWeb's Internet-based system was an absolute no-brainer for Seyfarth," Seyfarth Shaw Office Administrator Richard Hausman added. "It has completely streamlined our accounting while requiring zero IT resources—and our employees love it."

SeamlessWeb helps businesses cut costs by eliminating the time-consuming processes of billing and reimbursement associated with purchases from local vendors, exerting greater control on expenses and reducing administrative overhead. SeamlessWeb clients reduce foodservice costs by as much as 30% annually.

SeamlessWeb is an easy-to-use Web-based system that allows employers to set budget guidelines, implement rules for users, and run full-time reports to track and manage food costs. Employees simply log in to www.seamlessweb.com, review detailed menus from over 45 San Francisco restaurants and caterers, and place their order. An order confirmation email, which includes an approximate delivery time, is sent to the user when the vendor confirms receipt of the order. Companies receive a single electronic invoice for all food purchases, complete with validated accounting information, which can be downloaded directly into any accounting system. The system helps businesses streamline billing, control costs, eliminate time-consuming reimbursement processes, not to mention improve employee dining options.

Restaurants in San Francisco also experience the advantages of partnering with SeamlessWeb as their bottom lines steadily grow. With the introduction of new customers daily, an influx of orders and greater order accuracy, restaurant partners generates an entirely new revenue stream provided by SeamlessWeb's customer network.

SeamlessWeb was recently named the fourth fastest-growing company in the U.S. by both Inc. magazine and Deloitte & Touche.

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