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Published on 2/8/2011 in the Prospect News PIPE Daily.

eDiets.com negotiates $1.57 million private placement of securities

BBS Capital Fund is lead investor for deal which will settle Feb. 11

By Devika Patel

Knoxville, Tenn., Feb. 8 - eDiets.com, Inc. said it will conduct a private placement. BBS Capital Fund, LP is the lead investor for the $1.57 million deal.

Settlement is expected Feb. 11.

Proceeds will be used as working capital.

eDiets.com, based in Deerfield Beach, Fla., provides online diet and fitness information and advice.


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