Emerging Growth
12 years ago
$astv $ntri ICR Exchange http://emerginggrowth.com/featured_stories/as-seen-on-tv-inc-to-present-at-15th-annual-icr-xchange/01/16/2013
Chairman Kevin Harrington will be presenting at 3:40 PM ET in the Glimmer 3-4 Room at the Fontainebleau Hotel.
The link to the live webcast is as below:
http://investor.shareholder.com/icr/2013/eventdetail.cfm?eventid=123001&ticker=DIET
In its fifteenth year, ICR XChange hosts presentations from more than 150 companies and is attended by more than 1,500 people from the investor community. The conference provides a distinctive opportunity for private and public companies, investment banks and media to review and strategize consumer trends for the coming fiscal year.
About As Seen on TV:
As Seen on TV (OTCBB: ASTV) is a Clearwater, Florida based company that develops and markets products for worldwide distribution using a combination of TV, Internet and retail channels. AsSeenOnTV.com, the internet portion of the operation, is a virtual catalog of products with over two million customers, 700,000 email registrants and visitors that number in the hundreds of thousands each month. The company recently announced a merger with eDiets (OTCBB: DIET) that gives every indication of being a solid homerun for investors and clients alike.
eDiets.com Inc. is one of the nation’s top purveyors of nutrition, fitness and weight-loss programs. What sets the company apart is a unique concept that industry competitors like NutriSystem (NASDAQ: NTRI) and Jenny Craig have found elusive and that is an innovative freshly prepared diet meal delivery service. Fresh is the operative word in this instance. Even though there is a fairly large selection of meal to door diet companies none of them has perfected the fresh ingredient option like eDiets has. Competitor’s meals are akin to the MREs (meals ready to eat) that the military utilizes. They are powder based and can be kept on a shelf in your garage for ages. Not a very appetizing image. eDiets has come up with a healthier weekly delivery service plan using only fresh ingredients. It’s an idea that As Seen on TV is banking will revolutionize the diet industry. And to help get the news to clients about the company’s unique offering, it has enlisted Grammy Award winning recording artist Ceelo Green to act as the face of its new campaign.
For investors in As Seen On TV the timing could not be better. The website’s high volume of traffic and the television promotions are creating what can only be called a perfect storm of sales for the company. In the second quarter of 2012, As Seen On TV reported its best quarterly and full-year numbers since its inception. The company has logged an impressive track record of sales growth stemming from highly successful product launches. Over the past year, As Seen On TV has generated $8.45 million in sales. Considering the fact that the company is fairly young and boasts a market cap of only $32.3 million, those are mighty impressive sales.
As for the merger, As Seen On TV will pay $13 million in stock for eDiet. The agreement will result in pro-forma ownership of two thirds As Seen On TV shareholders to one-third eDiets shareholders. Combined, the companies are expected to generate well over $30 million in revenue during the next year. eDiets alone generated $22 million in revenue over the past year. eDiets.com will become a wholly-owned subsidiary of As Seen On TV and will continue to be managed by its existing executive team. The merger is a smart business move for both companies but especially for eDiets. It will save the company over one million dollars a year by no longer being public.
Ceelo Green, as a vested partner, will be given an initial fee, royalties and guarantees to purchase shares of As Seen On TV common stock. The agreement is for a minimum of two years. Steve Rogai, CEO of As Seen On TV, Inc. said in an interview that, “CeeLo Green is a smart and motivated artist with appeal to his millions of fans worldwide. We are very pleased with this partnership in that CeeLo’s interests are aligned with our shareholders at As Seen On TV Inc.”. Since establishing CeeLo as the face of the eDiet brand, there has been a marked growth in interest in eDiet’s product and they expect to see that jump as commercials featuring Green start airing.
The meal delivery industry is profitable and will continue to be so. A May 2011 report by John LaRosa’s Marketdata Enterprises, said that there were approximately 30 companies specializing in the meal delivery business. The estimated value of the market is at $925 million. By 2014 this segment of the diet market is projected to reach $1.09 billion in revenue. This is the perfect time to jump into the perfect storm of As Seen On TV’s impending explosive growth.
airbus300
13 years ago
eDiets.com(R) Announces Reverse Stock Split Effective June 1, 2011
Ediets.Com, Inc. (MM) (NASDAQ:DIET)
Intraday Stock Chart
Today : Tuesday 31 May 2011
eDiets.com, Inc. (NASDAQ: DIET), a leading provider of convenient at-home diet, fitness and healthy lifestyle solutions, today announced that it has filed a Certificate of Amendment to its Certificate of Incorporation to effect a 1-for-5 reverse stock split of its common stock that will become effective at 9:00 a.m. Eastern Time on June 1, 2011.
The reverse stock split, which was approved by the Company's stockholders on May 3, 2011, will reduce the number of shares of the Company's outstanding common stock, par value $0.001 per share, from approximately 66.1 million, following the completion of the Company's recent rights offering, to approximately 13.2 million. The Certificate of Amendment also reduces the number of shares of common stock the Company is authorized to issue from 100 million to 50 million.
Shares of the Company's common stock underlying stock options and warrants that are outstanding immediately prior to the effective date of the reverse stock split will be adjusted proportionately. Any fractional shares resulting from the reverse stock split will be rounded up to the next whole share.
The reverse stock split-adjusted shares of the Company's common stock will begin trading at the start of NASDAQ trading on June 1, 2011. The Company's shares will continue to trade on The NASDAQ Capital Market under the symbol "DIET," with the fifth character "D" added to the end of the trading symbol for a period of 20 trading days to indicate the reverse stock split has occurred. Thereafter, the Company's symbol will revert to its original symbol "DIET." A new CUSIP number has been assigned to the Company's common stock as a result of the reverse stock split.
American Stock Transfer & Trust Company, LLC, the Company's transfer agent, will be acting as the exchange agent in connection with the reverse stock split. Stockholders who have existing stock certificates will receive instructions from the transfer agent. Stockholders who hold their shares in brokerage accounts or "street name" are not required to take any action to effect the exchange of their shares.
Further information regarding the reverse stock split can be obtained by contacting American Stock Transfer & Trust Company, LLC at (877) 248-6417 or (718) 921-8317.
The purpose of the reverse stock split is to raise the per share trading price of the Company's common stock to better enable the Company to maintain the listing of its common stock on The NASDAQ Capital Market. As previously announced, in order to maintain the Company's listing, on or before June 28, 2011, the Company's common stock must have a closing bid price of $1.00 or more for a minimum of 10 consecutive trading days. If the Company is unable to meet this requirement, the NASDAQ Listing Qualifications Panel will issue a final determination to delist the Company's common stock. There can be no assurance that the reverse stock split will have the desired effect of raising the closing bid price of the Company's common stock prior to June 28, 2011, to meet this requirement.
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.
Forward-Looking Statements
In accordance with the Private Securities Litigation Reform Act of 1995, we caution you that, whether or not expressly stated, certain statements made in this report that reflect management's expectations regarding future events and economic performance are forward-looking in nature and, accordingly, are subject to risks and uncertainties. This news release contains forward-looking statements about the Company including expectations regarding the impact of the reverse stock split on the trading price of our common stock.
These forward-looking statements reflect our current views about future events and are subject to risks, uncertainties and assumptions. We wish to caution readers that certain important factors may have affected and could in the future affect our actual results and could cause actual results to differ significantly from those expressed in any forward-looking statement. These factors include those risk factors set forth in filings with the Securities and Exchange Commission, including our annual and quarterly reports, and include our ability to maintain our listing of our common stock under The Nasdaq Capital Market and our ability to attract and retain customers in a profitable manner through advertising.
These risks are not exhaustive and may not include factors that could adversely impact our business and financial performance. Moreover, we operate in a very competitive and rapidly changing environment. New risk factors emerge from time to time and it is not possible for our management to predict all risk factors, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.
We cannot guarantee future results, level of activity, performance or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy or completeness of any of these forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. We do not undertake any responsibility to update any of these forward-looking statements to conform our prior statements to actual results or revised expectations.
Investor Relations Contact:
John Mills
ICR, Inc.
310-954-1105
John.Mills@icrinc.com
Pic A Hit
14 years ago
Small valutions, after these huge results!
From lack of awareness would be my best guess...
The only active board for DIET is on yahoo., but there , the shorters over power the buyers
and on hub the only way to get attention to it, is by posting about it with the symbol in every post so it comes up on the cloud.....
(Or spreading the word across the board)
then others in other boards notice it, but thats not happening....
I notice every time I post in the AM it pops up on the cloud but it disappears, not enough ppl posting / playing the stock...
b4 it was good that it ran quiet but now it needs attention so the buying pressure squeezes out the few monkey shorters on it (their amateur shorters)
but I can't do it alone and there simply is not enough interest / buying preasure.
There are only 3 or 4 active members on ths board and even if we pull together as a team I still dont see that being enough eighter
So I will wait till the stock receieves the attention it needs from others across the market before going any further with it, till then DIET will be on my watchlist...
Thanks for taking the time to read this post.
Pic A Hit
14 years ago
DIET - eDiets.com® Announces Results for Q4 2010 with a 77% Increase Beats Expetations!!!
FORT LAUDERDALE, FL--(Marketwire - March 30, 2011) - eDiets.com, Inc. (NASDAQ: DIET), a leading provider of convenient at-home diet, fitness and healthy lifestyle solutions, today announced results for the fourth quarter and full year ended December 31, 2010.
Revenues for the fourth quarter of 2010 were $6.9 million, an increase of approximately 77% from $3.9 million in the fourth quarter of 2009.
Full Artical via Marketwire
http://www.marketwire.com/press-release/eDietscom-Announces-Results-for-Q4-2010-NASDAQ-DIET-1420024.htm
afxm
14 years ago
eDiets.com(R) Announces Results for Q4 2010
FORT LAUDERDALE, FL, Mar 30, 2011 (MARKETWIRE via COMTEX) --
eDiets.com, Inc. (NASDAQ: DIET), a leading provider of convenient at-home diet, fitness and healthy lifestyle solutions, today announced results for the fourth quarter and full year ended December 31, 2010.
Revenues for the fourth quarter of 2010 were $6.9 million, an increase of approximately 77% from $3.9 million in the fourth quarter of 2009.
The net loss for the fourth quarter of 2010 was $(1.3) million, or $(0.02) per diluted share on approximately 57.4 million shares outstanding,
compared to a net loss of $(3.3) million, or $(0.12) per diluted share on approximately 28.3 million shares outstanding, in the fourth quarter of 2009.
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