eDiets.com(R) Announces Receipt of NASDAQ Staff Determination
August 05 2011 - 4:30PM
Marketwired
eDiets.com, Inc. (NASDAQ: DIET), a leading
provider of convenient at-home diet, fitness and healthy lifestyle
solutions, today announced that on August 3, 2011, it 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") to seek additional time
to regain compliance.
The Company intends to request a hearing before a Panel and,
upon making this request, the Company's common stock will remain
listed on The NASDAQ Capital Market until the Panel renders a
decision following the hearing. There can be no assurance that the
Panel will grant the Company's request for additional time to
regain compliance.
About eDiets eDiets.com, Inc. is a leading
provider of personalized nutrition, fitness and weight-loss
programs. eDiets 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.
Investor Relations Contact: John Mills ICR, Inc. 310-954-1105
John.Mills@icrinc.com
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