| Business Summary | | Nutri/System
Inc.,
together
with
its
subsidiaries,
provides
weight
loss
programs
and
distributes
pre-packaged
foods.
The
Company
was
formed
to
combine
the
well-established
Nutri/System
name
and
proven
weight
loss
program
with
the
Internet
as
a
medium
of
communication.
The
Nutri/System
diet
program
was
originally
developed
by
the
Company's
predecessor
businesses,
including
Nutri/System
L.P.
and
Nutri/System
Direct,
L.L.C.,
which
operated
through
Company-owned
and
franchised
weight
loss
centers.
Currently,
11
owners
of
independent,
franchised
weight
loss
centers
remain,
with
territories
encompassing
less
than
1%
of
the
United
States
population. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Nutri/System
Inc.,
together
with
its
subsidiaries,
is
a
provider
of
weight
loss
programs
and
the
distributor
of
packaged
foods.
For
the
six
months
ended
6/30/01,
revenues
increased
23%
to
$13.2
million.
Net
income
from
continuing
operations
totaled
$13
thousand
vs.
a
loss
of
$2.9
million.
Revenues
reflect
growth
of
Internet
food
sales.
Net
income
reflects
the
curtailing
of
spending
on
ineffective
advertising
media
and
lower
pricing
on
the
Internet
advertising. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Brian Haveson, 37 Pres,
CEO, Director | $250K | James Brown, 43 CFO,
Treasurer | 133K | Joseph DiBartolomeo, Ph.D., 49 VP
of Scientific Affairs | -- | Deborah Gallen, 42 VP
of E-Commerce | 108K | Brendon Perero, 24 CIO | 123K | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|