eDiets.com(R) Receives NASDAQ Notice of Non-Compliance

Thu Jul 9, 2009 4:10pm EDT
 
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FORT LAUDERDALE, Fla., July 9 /PRNewswire-FirstCall/ --eDiets.com, Inc.
(Nasdaq: DIET), a leading provider of convenient at-home diet, fitness and
healthy lifestyle solutions, today announced that, on July 2, 2009, the
Company received a NASDAQ Staff Determination indicating that the Company did
not regain compliance with the minimum $35 million market value of listed
securities requirement set forth in NASDAQ Listing Rule 5550(b)(2).  As a
result, the Company's common stock would be subject to delisting unless the
Company requests a hearing before a NASDAQ Listing Qualifications Panel (the
"Panel").  The Company has requested a hearing before the Panel. 
Consequently, the Company's common stock will remain listed on The NASDAQ
Capital Market until the Panel renders a decision following the hearing. 
However, there can be no assurances that the Panel will grant the Company's
request for continued listing.

About eDiets 

eDiets.com, Inc. is a leading provider of personalized nutrition, fitness and
weight-loss programs. eDiets currently features its award-winning,
fresh-prepared diet meal delivery service as one of the more than 20 popular
diet plans sold directly to members on its flagship site, www.eDiets.com. The
company also provides a broad range of customized wellness and weight
management solutions for Fortune 500 clients. eDiets.com's unique
infrastructure offers businesses, as well as individuals, an end-to-end
solution strategically tailored to meet its customers' specific goals of
achieving a healthy lifestyle. For more information, please call 310-954-1105
or visit www.eDiets.com. 

Safe Harbor Statement
Statements which are not historical in nature are forward-looking statements.
Forward-looking statements involve known and unknown risks and uncertainties
which could cause the actual results, performance or achievements to be
materially different from those which may be expressed or implied by such
statements. These risks and uncertainties include, among others, that we will
not be able to obtain sufficient and/or acceptable outside financing (when and
if required); changes in general economic and business conditions; changes in
product acceptance by consumers; a decline in the effectiveness of sales and
marketing efforts; loss of market share and pressure on prices resulting from
competition; significant investments in our technology platform, marketing
plans, and product development to remain competitive with other online
providers of healthy living and weight loss plans, many of which may be found
to offer superior and more varied features than our plans and may also be
offered for free;volatility in the advertising markets; any delay, disruption,
or suspension of our supply of prepared meals from our vendor; changes in
consumer preferences and discretionary spending; product liability and other
risks from the sale of ingested products; regulatory actions affecting our
marketing activities; and the outcome of litigation pending against us. For
additional information regarding these and other risks and uncertainties
associated with eDiets.com's business, reference is made to our Annual Report
on Form 10-K for the year ended December 31, 2008, and other reports filed
from time to time with the Securities and Exchange Commission. All
forward-looking statements are current only as of the date on which such
statements are made. We do not undertake any obligation to publicly update any
forward- looking statements. 

    Investor Relations Contact:
    John Mills
    ICR, Inc.
    310.954.1105
    John.Mills@icrinc.com




SOURCE  eDiets.com

John Mills of ICR, Inc., +1-310-954-1105, John.Mills@icrinc.com, for
eDiets.com

 

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