Ray Costa Brings Extensive Experience in Business Development, Sales and MarketingDEERFIELD BEACH, Fla., Sep 30, 2003 /PRNewswire-FirstCall via COMTEX/ -- eDiets.com, Inc.
(OTC Bulletin Board: EDET) ("eDiets"), the leading online destination for
consumers seeking professional advice, information, services and products
related to weight management, today announced that Raymond Costa has been
named Vice President of Strategic Partnerships. Mr. Costa is responsible for
executing licenses to provide online versions of popular diet and nutrition
plans, such as eDiets' recently announced exclusive licenses for the Atkins
Nutritional Approach®, the Zone Diet® and the Shape Up!™ plan, inspired
by Dr. Phil McGraw. This is all part of the Company's strategy to offer a wide
array of branded and internally developed plans on its Web site at
www.eDiets.com.
"From broad-based publishing to online services aimed at specific
demographics, Ray has exactly the right blend of experience in the core areas
of business development, sales, and marketing," said David Humble, CEO of
eDiets. "Moving forward, he is the ideal executive to build new strategic
partnerships in the area that has the greatest growth potential: online
nutrition, fitness and motivation."
In addition to executing licenses, Mr. Costa is responsible for developing
and negotiating both the sale of advertising space on eDiets' Web sites and
e-newsletters, as well as promotions of third-party products and services
relevant to eDiets' community of 13 million opt-in newsletter subscribers and
hundreds of thousands of paying customers. Since he joined eDiets in April
2002 as Senior Director of Business Development, Mr. Costa has increased sales
in these areas by 356% to approximately $6 million in annual revenues.
Mr. Costa brings extensive experience to eDiets, having worked with
companies in online business, print and electronic publishing. Prior to
joining eDiets, Costa served as Vice President of Business Development for
Beliefnet.com and Vice President of Marketing for iVillage.com, where he was
responsible for direct marketing and customer retention programs.
Mr. Costa also served as Publisher of Hotel & Travel Index, the largest
single title in the billion-dollar Cahners Publishing portfolio. As
Publisher, he was responsible for all marketing, sales, product development,
editorial and circulation for the $55 million advertising brand.
Mr. Costa holds a Liberal Arts Degree from Hunter College.
About eDiets.com
eDiets is the online "diet destination" for consumers seeking professional
advice, information, products and services that challenge overweight Americans
to get in shape to live longer. Over 1.3 million consumers have become eDiets
members since its inception.
eDiets.com provides 15 personalized diet, fitness, and motivation plans
including Shape Up!™, the Atkins Nutritional Approach®, the Zone® Diet
and the eDiets Alternative to Jenny Craig, as well as diet plans for those
with special needs, including Type 2 Diabetes, Heart Smart and The Vegetarian.
Members choose a plan or take a test to determine the best diet for their
needs. Each plan is personalized for the member's food preferences and
lifestyle, and a custom shopping list is provided to buy everything for the
plan at the supermarket. To ensure success members have 24/7 access to
eDiets' "Online Anytime Meetings," where they can anonymously interact with
each other under the supervision of a staff of nutrition, fitness and
motivation professionals. All eDiets.com plans cost $5 per week, and members
can change plans for no additional charge.
Dieting is a $30 billion market with established brands such as Jenny
Craig®, Weight Watchers® and several regional brands. Founded in 1996,
eDiets is a public company (OTC Bulletin Board: EDET) located in Deerfield
Beach, Fl., that operates Web sites at www.eDiets.com, and www.eFitness.com,
as well as www.eDietsuk.co.uk in Ireland and the United Kingdom and
www.eDiets.de in Germany.
SOURCE eDiets.com, Inc.
Investors - Robert T. Hamilton, CFO, +1-954-360-9022, ext. 115,
rhamilton@eDiets.com, or Alison Tanner, CFA, Chief Strategist, Inc.,
+1-954-360-9022, ext. 140, alison@eDiets.com, both of eDiets.com; Press - Eric
Goldman of Neale-May & Partners for eDiets.com, +1-212-213-5400, ext. 202,
egoldman@nealemay.com