FORT LAUDERDALE, FL, Aug 05, 2011 (MARKETWIRE via COMTEX) --
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
SOURCE: eDiets.com
mailto:John.Mills@icrinc.com