Exhibit 99.1

P R E S S                                                         R E L E A S E
--------------------------------------------------------------------------------
FOR IMMEDIATE RELEASE

                         TRANSMEDIA NETWORK INC. TO LIST
                     COMMON STOCK ON AMERICAN STOCK EXCHANGE

MIAMI, FL, April 12, 2001 -- Transmedia Network Inc., the leading provider of
transaction-based dining rewards programs, announced today that its common stock
will commence trading on the American Stock Exchange (AMEX) under the ticker
symbol TMN effective Monday, April 16, 2001.

"We continue to make significant progress toward meeting our business
development goals, including having achieved profitability in our traditional
business last quarter and showing continued strong growth in the quarter just
completed, " said Gene Henderson, President and Chief Executive Officer of
Transmedia Network. "Given our positive growth trend, we believe the service
orientation and support of the AMEX, particularly as it relates to small- and
mid-cap companies, is appropriate for our size and shareholder base."

Transmedia currently has 16.2 million common shares outstanding. The Company's
common stock had been listed on the New York Stock Exchange (NYSE) since June of
1995. The Company also noted that it had decided not to pursue a planned appeal
to the New York Stock Exchange regarding a rule change that required Transmedia
to increase its total stockholders' equity within a prescribed period in order
to continue its listing.

Transmedia, which was founded in 1985, and has been public since 1991, recently
rebranded its dining rewards program as iDine. Since launching the new program
last fall, the company has shown strong continued growth and has continued to
expand its partnership with the major airline dining programs, including those
offered by American, United and Delta. Transmedia has also introduced its new
website, its corporate card T&E initiative and a multi-unit restaurant program.
For the three-month period ended December 31, 2000, Transmedia's total operating
revenues amounted to approximately $11.8 million on gross sales in the dining
sector of $44.0 million.

Transmedia Network Inc. presently offers its 4.4 million members a variety of
dining savings and rewards programs at more than 7,300 restaurants throughout
the United States via means of a registered credit card. The dining savings are
offered through the Company's programs, re-branded under the name iDine, and may
be accessed through membership in airline frequent flyer programs, club
memberships or other partnerships that have been established. Transmedia Network
Inc. also offers rewards and loyalty programs through many well-known
cataloguers and/or outlets for leisure travel. It also markets specialized
credit card transaction processing systems to merchants.




                                      # # #

Statements in this release that are not strictly historical are
"forward-looking" statements that are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve known and unknown risks, which may cause the
company's actual results in the future to differ materially from expected
results. These risks include, without limitation, the history of operating
losses, susceptibility to merchant credit risk, and the possible delisting of
the Company's common stock and Series A preferred stock, and are qualified in
their entirety by cautionary language and additional risk factors set forth in
the company's filings with the Securities and Exchange Commission.