OpenTable.com Seats its Millionth Diner - Online Restaurant Reservations Take Off, Fueling Triple-Digit Growth for OpenTable.com

OpenTable's millionth diner follows a year of triple-digit growth in registered membership and monthly diners seated through the service. During the twelve-month period from August 2001 to August 2002, the number of OpenTable.com diners increased 140% to more than 240,000 registered members. During the same period, monthly diners seated through the service tripled, marking a growing trend toward booking online.

"People are flocking online to book restaurant reservations," said Thomas Layton, CEO of OpenTable, Inc. "This is like online ticketing and travel -- once people experience the ease and convenience of free online restaurant reservations, they become addicted. It is a powerful trend."

OpenTable.com Growth Yields Substantial Revenue for Restaurants

The growth in online restaurant reservations is fueling revenue growth for restaurants on the OpenTable network. In the company's home market of San Francisco, OpenTable partner restaurants received an average of more than 270 seated diners during August 2002 from reservations made through OpenTable.com, up from an average of 67 seated diners during the same month last year. Assuming those diners each spent $30, San Francisco restaurants earned an average of $8,100 in additional revenue through OpenTable.com diners during August 2002.

"The majority of our diners value convenience along with great food. They enjoy trying new restaurants and often use OpenTable to identify a range of dining choices that meet their criteria. As a result, OpenTable restaurants are reaping the revenue benefits of participating in our network," said Layton.

OpenTable Rewards its Millionth Diner

OpenTable's one millionth seated diner was Jane Pon of San Francisco, who made the online reservation at Bacar for her birthday. To celebrate, OpenTable.com awarded Jane a gourmet dinner for two at the OpenTable restaurant of her choice.

Jane began using OpenTable.com two years ago in August 2000 and has made more than 36 online restaurant reservations since then. Jane resides in San Francisco and manages the law firm Travis & Pon with her husband in Pacific Heights.

About OpenTable, Inc.

OpenTable is revolutionizing the world of fine-dining reservations by providing high technology to restaurants and free, instant online reservations to consumers. The company provides restaurants with incremental reservations, advanced marketing capabilities, and operational efficiency by providing a computerized reservation system that replaces the traditional pen-and-paper reservation book. All reservations -- whether from the Internet or the telephone -- are entered into the OpenTable System. The resulting customer database allows the restaurant to understand and segment its guests and conduct marketing programs based on guest preferences and dining histories.

Diners can go to www.opentable.com at any time to scan for available tables and instantly confirm a reservation. This free online reservation service eliminates the inconvenience of multiple telephone calls, busy signals, waiting on hold and restaurant answering machines. OpenTable extends the convenience of instant, 24 by 7 restaurant reservations to hotel concierges, travel agents and administrative assistants. The company works with many distribution partners, including American Express, , Digital Cities, Zagat Survey, , Time Out New York, and the San Francisco Convention & Visitors Bureau.