Ex. 99.1
NUTRISYSTEM, INC. PRICES PUBLIC OFFERING
Horsham, PA -- June 2, 2005--NutriSystem, Inc. (AMEX:NSI), a leading provider of weight management programs, today announced the pricing of a public offering of 5,177,500 shares of its common stock at a public offering price of $11.00 per share. NutriSystem is offering 1,700,000 shares and certain selling stockholders are offering the other 3,477,500 shares in the public offering. The underwriters have a 30-day option to purchase up to an additional 776,625 shares from NutriSystem to cover over-allotments, if any. NutriSystem will not receive any proceeds from the sale of shares of common stock by the selling stockholders.
Thomas Weisel Partners LLC, Legg Mason Wood Walker, Incorporated, The Seidler Companies Incorporated and Avondale Partners LLC are serving as underwriters for the offering.
A registration statement relating to these securities has been filed with and declared effective by the Securities and Exchange Commission. Copies of the final prospectus relating to the offering may be obtained by contacting Thomas Weisel Partners LLC at One Montgomery Street, Suite 3700, San Francisco, California 94104 or by calling 415-364-2500.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 jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
About NutriSystem, Inc.
Founded in 1972, NutriSystem (AMEX: NSI) 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.
Contacts:
James D. Brown EVP and Chief Financial Officer NutriSystem, Inc. 215-706-5302 Email: jbrown@nutrisystem.com | Brandi Piacente Investor Relations The Anne McBride Company, Inc. 212-983-1702 x208 Email: bpiacente@annemcbride.com |
