eDiets.com(R) Announces Q1 2008 Results(on to rectify these issuesincluding hiri...),Health
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eDiets.com(R) Announces Q1 2008 Results
Date:5/13/2008
on to rectify these issues, including hiring a new technology implementation partner and streamlining our supply chain for meal delivery. We are confident in the foundation that we are building and will continue to lay the groundwork for long-term sustainable growth. Additionally, our largest shareholder Prides Capital continues to pledge their support and intends to provide the funding necessary to achieve our goals."
Outlook
eDiets.com reiterated previously issued 2008 guidance of approximately $50 million in revenue and a blended gross margin of 49% for the year. This guidance reflects the anticipated benefits and operating leverage from the new integrated technology platform, accelerated growth of the B2B business and the expansion of the meal delivery program, as well as cross-selling opportunities.
Conference Call
The company will host a conference call to discuss the first quarter of 2008 results at 8:30 a.m. Eastern Time on Wednesday, May 14, 2008. Participants may access the call by dialing 866-356-3377 (domestic) or 617-597-5392 (international), passcode 83325129. In addition, the call will be webcast via the Investor Relations section of the company's web site at http://www.eDiets.com, where it will also be archived. A telephone replay will be available through Wednesday, May 28, 2008. To access the replay, please dial 888-286-8010 (domestic) or 617-801-6888 (international), passcode 53725636.
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 cli
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| SOURCE eDiets.com, Inc. Copyright©2008 PR Newswire. All rights reserved |
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