WASHINGTON, Sept. 25, 2003 (PRIMEZONE) -- Growth Report, an independent investment newsletter service for individual investors that has delivered returns of 68.2% in 2003, today announced the addition of eDiets (OTCBB:EDET) to its stock portfolio.
eDiets.com is a leading provider of on-line diet programs. At the end of the second quarter, the company had 210,000 subscribers paying for its services. The company currently offers its proprietary eDiets Plan, Atkins, and The Zone diet plans through its web site at eDiets.com.
Growth Report added eDiets to the model portfolio on September 15 at $4.85. This initial research report is available on the Growth Report web site free of charge to trial subscribers at http://www.growthreport.com/
The report discusses the following topics related to eDiets.com:
-- eDiets.com's growth model, driven by a diverse offering of dieting
plans
-- Analysis of the ever-growing weight loss marketplace that is $40
billion in size and is projected to grow 6% annually
-- Exclusive agreements with third parties to market their dieting
plans through the eDiets.com web site
-- Review of Merriman Curhan Ford & Co. analyst report and financial
estimates for the company
-- Review of the company's financial guidance for the year
-- Comparison to the on-line dating market which has seen tremendous
growth and acceptance among Internet users in recent years
-- Growth Report's outlook for EDET shares following a review of the
company and the sector
In the September 15th issue of Growth Report, Editor Ian Wyatt wrote: "Much like the on-line dating market, which has exploded in recent years, we believe we are in the early innings with the on-line dieting market. In his report on eDiets, Eric Wold notes that the market for on-line personals has increased from $75 million in 2001 to $302 million in 2002, an increase of 300%. We agree that there is the potential for similar growth in the market for on-line dieting programs over the coming years. In our opinion eDiets is in a formidable position to be a clear leader in this market."
Growth Report's stock portfolio returned 40% in 2002, and is up another 68.2% in 2003 by taking long-term positions in fundamentally strong growth stocks. This investment approach has yielded consistently strong returns for subscribers of the newsletter service.
Individual investors who are interested in signing up for a 30-day free trial to Growth Report will receive this report on eDiets.com, plus a free Special Report titled "Not So Generic Returns -- Investing in Generic and Specialty Pharmaceuticals." Free trial subscribers also receive two issues per week by e-mail, one issue per month in print, access to over one year of archived articles, and past and future Special Reports. To start a free 30-day trial subscription, click here: https://www.bizfn.com/index.cfm?Page=pubs&pubs=2&r=pr9
About Growth Report
Growth Report is a leading investment newsletter service published by Business Financial Publishing, LLC. Growth Report is entirely independent, and dedicated to uncovering stocks that will deliver the greatest return to subscribers. Two weekly issues delivered by e-mail and on the web provide subscribers with regular updates on the latest news and changes to the portfolio, while a monthly print edition provides in depth articles in an easy to read format.
Disclaimer
Growth Report is neither a registered investment advisor nor a broker / dealer. Readers are advised that the publication is issued solely for information purposes and should not to be construed as an offer to sell or the solicitation of an offer to buy any security. No information provided herein or elsewhere from Growth Report constitutes a recommendation by Growth Report to buy, sell or hold any security. We encourage you to consult with independent financial advisors with respect to any investment in the securities mentioned herein.