South Florida's eDiets.com Secures $1.5 Million Financing

FORT LAUDERDALE - Online nutrition provider, eDiets.com, today announced that the Company entered into a $1,572,000 private placement with outside investors and certain members of its Board of Directors. BBS Capital Fund, L.P. acted as the lead outside investor. The private placement is expected to close on or before February 11.

In addition, the Company's Board of Directors has approved a rights offering in which stockholders will receive non-transferable rights to purchase additional shares of the Company's common stock, par value $0.001 per share. The rights will be issued to all stockholders as of a record date that has yet to be determined.