eDiets.com (DIET) Enters Into A Private Placement With Certain Members of Management And Its Board

September 11, 2009 8:07 AM EDT

eDiets.com, Inc. (Nasdaq: DIET) announced that it has entered into a $600,000 Private Placement with certain members of management and the Board of Directors. The investment will immediately convert into common stock at $1.06 per share. The Company will use the proceeds to fund future growth opportunities including the expansion of advertising related to fresh meal delivery relaunch.

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