NASDAQ Panel Grants Request of eDiets.com(R) for Continued Listing
October 14 2011 - 7:30AM
Marketwired
eDiets.com, Inc. (NASDAQ: DIET), a leading provider of convenient
at-home diet, fitness and healthy lifestyle solutions, today
announced that on October 13, 2011, it received notice that the
NASDAQ Listing Qualifications Panel (the "Panel") has determined to
grant the Company's request for continued listing. The Panel
decision allows the Company's common stock to remain listed on The
NASDAQ Capital Market through November 30, 2011, pending the
Company's demonstration of compliance with the NASDAQ listing
requirement of $2.5 million in stockholders' equity. There can,
however, be no assurance that the Company will be able to
demonstrate compliance by the Panel deadline or that the Panel will
grant the Company a further extension in the event compliance is
not achieved by November 30, 2011.
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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