News
NutriSystem, Inc. Files Registration Statement for Public Offering
HORSHAM, Pa.--(BUSINESS WIRE)--May 3, 2005--NutriSystem, Inc. (AMEX:NSI - News), a leading provider of weight management programs, today announced that it has filed a registration statement with the Securities and Exchange Commission for a proposed offering of 4,415,000 shares of its common stock. The Company will offer 1,800,000 shares and selling stockholders will offer 2,615,000 shares. The Company also will grant the underwriters a 30-day option to purchase up to an additional 662,250 shares for over-allotment purposes. The Company will not receive any proceeds from the sale of shares of common stock by the selling stockholders.
The Company intends to use the net proceeds it will receive from this offering to enter additional channels of distribution, launch new products and services, enter international markets, make strategic acquisitions, and general corporate purposes.
Thomas Weisel Partners LLC, Legg Mason Wood Walker, Incorporated and The Seidler Companies Incorporated are serving as managing underwriters for this offering. When available, copies of the prospectus related to this offering may be obtained from:
Thomas Weisel Partners LLCOne Montgomery Street, Suite 3700 San Francisco, CA 94104 or by calling 415-364-2500A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About NutriSystem, Inc.
Founded in 1972, NutriSystem (AMEX: NSI - News) is a leading provider of weight management and fitness products and services. The Company offers a weight loss program based on portion-controlled, lower glycemic index prepared meals. The program has no membership fees and provides free online and telephone counseling.
Forward-Looking Statement Disclaimer
This press release may contain forward-looking statements that are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements of future goals and similar statements reflecting other than historical facts constitute forward-looking statements. These forward-looking statements involve a number of risks and uncertainties, which are described in NutriSystem, Inc.'s filings with the Securities and Exchange Commission. The actual results may differ materially from any forward-looking statements due to such risks and uncertainties. NutriSystem, Inc. undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Source: NutriSystem, Inc.
Contact:
NutriSystem, Inc. James D. Brown, 215-706-5302 jbrown@nutrisystem.com
