eDiets.com(R) Appoints Robert Smedley as SVP of Sales and Member Services
August 16 2011 - 8:00AM
Marketwired
eDiets.com, Inc. (NASDAQ: DIET), a leading
provider of convenient at-home diet, fitness and healthy lifestyle
solutions, today announced the appointment of Robert Smedley as
Senior Vice President of Sales and Member Services. His focus will
be on profitably building the Company's customer base, managing the
call centers, and ensuring the highest level of customer service.
Mr. Smedley brings more than ten years of experience in call center
management, having served as Vice President of Sales and Counseling
for Nutrisystem, Inc. during the Company's period of greatest
growth and, most recently, as an independent consultant.
"We are pleased and fortunate to have Robert join the executive
management team at eDiets.com," said Kevin McGrath, President and
Chief Executive Officer of eDiets.com. "His extensive experience
building and leading call center operations will play a significant
role in shaping the next phase at eDiets.com. As we launch our new
integrated advertising campaign and increase our overall
advertising spending, sales performance and sales call conversion
will be crucial factors in returning the Company to
profitability."
Previously, Mr. Smedley worked at Nutrisystem, Inc., from
2000-2008. He served as Vice President of Sales and Counseling
during the Company's greatest period of growth and oversaw all
aspects of operations, including driving performance in a
400-person call center. Mr. Smedley's successes included
establishing and managing the call center, while significantly
increasing sale call conversion. His tenure covered a three-year
period during which sales grew from $38 million annually to over
$775 million annually. Mr. Smedley received a Bachelor of Science
in Dietetics from Montclair State University.
Mr. Smedley commented, "I'm incredibly excited about joining the
team at eDiets.com. When I look at this business all I see is
potential for growth."
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 news release 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 (i) expectations regarding
the development of an integrated television, print and online media
campaign in advance of the January diet season; (ii) our
expectations regarding our cost structure relative to our revenue
run rates, and (iii) our expectations regarding our adjusted EBITDA
in the third and fourth quarter of 2011. This information is
qualified in its entirety by cautionary statements and risk factor
disclosures contained in the Company's Securities and Exchange
Commission filings, including the Company's annual report on Form
10-K for the year ended December 31, 2010 and Form 10-Q for the
quarter ended June 30, 2011. The Company wishes to caution readers
that certain important factors may have affected and could in the
future affect the Company's actual results and could cause the
Company's actual results for subsequent periods to differ
materially from those expressed in any forward-looking statement
made by or on behalf of the Company. With respect to the Company's
expectations regarding all of these statements such risk factors
include, but are not limited to: (1) our ability to raise
additional capital; (2) our ability to maintain compliance with
applicable regulatory requirements; (3) our ability to maintain our
listing of our common stock under The Nasdaq Capital Market; (4)
our ability to attract and retain customers in a profitable manner
through advertising, and our ability to secure advertising
commitments; (5) our ability to accurately assess market demand for
our products; (6) our ability to improve our meal delivery margin
and its effect on total gross margins; (7) our ability to
sufficiently increase our revenues and maintain expenses and cash
capital expenditures at appropriate levels; and (8) the state of
the credit markets and capital markets, including the level of
volatility, illiquidity and interest rates.
Investor Relations Contact: John Mills ICR, Inc. 310-954-1105
John.Mills@icrinc.com
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