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eDiets.com, Inc.
DIET today announced that on August 3, 2011, it received a NASDAQ Staff Determination indicating that the Company did not regain compliance with the minimum $35 million market value of listed securities requirement set forth in NASDAQ Listing Rule 5550b2. As a result the Company's common stock would be subject to delisting unless the Company requests a hearing before a NASDAQ Listing Qualifications Panel to seek additional time to regain compliance.
The Company intends to request a hearing before a Panel and, upon making this request, the Company's common stock will remain listed on The NASDAQ Capital Market until the Panel renders a decision following the hearing. There can be no assurance that the Panel will grant the Company's request for additional time to regain compliance.
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