eDiets.com Rights Offering Registration Statement Declared Effective by SEC

eDiets.com, Inc. DIET, announced today that its rights offering registration statement on Form S-1 was declared effective by the Securities and Exchange Commission. As part of the rights offering, stockholders will receive non-transferable rights to purchase newly issued shares of the Company's common stock, par value $0.001 per share. The rights will be issued to all stockholders as of April 18, 2011. The Company will offer 9,196,581 shares at a subscription price to be determined. The Company will provide notice of the subscription price in the future at such time as it is determined. Kevin A. Richardson, II, chairman of the eDiets board of directors and managing director of Prides Capital Partners, LLC, the Company's largest stockholder, has agreed to purchase $300,000 of common stock in the rights offering, directly and through Prides. Kevin McGrath, the Company's Chief Executive Officer, and Lee Isgur, director, have also both committed to exercise their full basic subscription rights.