eDiets.com(R) Granted Continued Listing by NASDAQ Panel
August 19 2009 - 7:00AM
PR Newswire (US)
FORT LAUDERDALE, Fla., Aug. 19 /PRNewswire-FirstCall/ --
eDiets.com, Inc. (NASDAQ:DIET), a leading provider of convenient
at-home diet, fitness and healthy lifestyle solutions, today
announced that a NASDAQ Listing Qualifications Panel has granted
the Company's request for continued listing on The NASDAQ Stock
Market. The Company's continued listing is subject to the condition
that, on or before December 29, 2009, the Company must evidence
compliance with the $35 million market value of listed securities
requirement or the alternative requirement of $2.5 million in
stockholders' equity for continued listing on The NASDAQ Capital
Market. As previously announced, on July 2, 2009, the Company
received notice from NASDAQ that it did not satisfy the $35 million
market value of listed securities requirement and that the
Company's securities were subject to delisting unless the Company
requested a hearing before a NASDAQ Listing Qualifications Panel.
The Company requested a hearing and appeared before the Panel on
August 6, 2009, pursuant to which the Panel rendered its
determination, dated August 18, 2009. The Company expects to timely
comply with the terms of the Panel's decision; however, there can
be no assurance that the Company will be able to do so. 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, http://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
http://www.ediets.com/. DATASOURCE: eDiets.com, Inc. CONTACT:
Investor Relations: John Mills, ICR, Inc., +1-310-954-1105, , for
eDiets.com, Inc. Web Site: http://www.ediets.com/
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