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Article: i Brands Corporation Updates Shareholders on Potential Market Size for its Online Ordering Software.
- Article from:
- Business Wire
- Article date:
- May 12, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ATLANTA -- i Brands Corporation (OTC: IBRC), www.ibrandscorp.com, is pleased to update its shareholders on the market statistics online ordering in the restaurant industry.
The restaurant industry in North America has annual revenues of $617 Billion with over 1,100,000 locations that serve more than 78 Billion meal occasions annually of which 57% are "To-Go" orders. More than seven in ten (70%) eating establishments are single unit (independent) operators. 47% of restaurant users in 2007 visited a restaurant website. This is an astounding statistic when one considers that a significant majority of restaurants do not have online ordering capabilities. Online ...