eDiets.com(R) Announces Q2 2008 Results (/p inventory control and reducing f...)

eDiets.com(R) Announces Q2 2008 Results

Date:8/6/2008

/p>

inventory control and reducing food costs

-- Appointed Laura Klein as Chief Information Officer in June 2008

"During the second quarter we intensely focused on improving our new enterprise platform," stated President and Chief Executive Officer, Steve Rattner. "These preparations culminated in the recent implementation of robust payment, billing and fulfillment functionality, as well as made it possible for the launch of two new B2B client programs and community features within the last week. We are pleased with this progress, although we expect that short term delays in B2B launches combined with the challenging macroeconomic conditions will defer the benefits and operating leverage from the new platform and previously expected growth of the B2B and meal delivery businesses to the 2009 diet season."

Thomas Hoyer, Chief Financial Officer commented, "Despite the challenging economic conditions, we are confident that recent enhancements to our overall business platform will enable us to achieve improvements in our operating performance in the third and fourth quarter compared to the second quarter based on the improvements we have made in our overall business platform during the second quarter. We continue to believe in the long-term opportunity for eDiet's integrated health and wellness platform, and are committed to fine tuning the platform and digital subscribers, meal delivery, and e-commerce businesses in order to best prepare for growth in the post-holiday diet season."

Conference Call

The company will host a conference call to discuss the second quarter of 2008 results at 8:30 a.m. Eastern Time on Thursday, August 7, 2008. Participants may access the call by dialing 866-510-0704 (domestic) or 617-597-5362 (international), passcode 86375577. In addition, the call will be webcast via the Investor Relations section of the company's web site at http://www.eDiets.com, where
'/>"/>

0

GOOD

Page: 1 2 3 4 5 6 7
Related medicine news :

1. eDiets.com(R) Updates Timing of Third Quarter 2007 Earnings Conference Call
2. eDiets.com(R) Announces Q4 and Year End 2007 Results
3. eDiets.com(R) to Report First Quarter 2008 Results on Tuesday, May 13, 2008
4. eDiets.com(R) Announces Q1 2008 Results
5. eDiets.com(R) Appoints New Chief Information Officer Laura Klein
6. HHS Announces $75 Million in Supplemental Funding to States for Pandemic Flu Preparedness
7. CRC Health Group Announces Acquisition of Bayside Marin Recovery Center, San Rafael
8. UHW Announces: Antelope Valley Hospital Caregivers and Board Vote to Ratify First Union Contract With SEIU UHW-West
9. HEI, Inc. Announces Sale of RFID Division Assets
10. Caraco Pharmaceutical Laboratories, Ltd. Announces FDA Approval to Market Generic Version of Zyloprim(R)
11. Mettler-Toledo International Inc. Announces Webcast of Presentation at Thomas Weisel Partners 2007 Healthcare Conference

Post Your Comments:

eDiets.com(R) Announces Q2 2008 Results(/p inventory control and reducing f...),Health