Vitacost.com, Inc. Announces Filing of Form 12b-25
16 11월 2010 - 6:39AM
Business Wire
Vitacost.com, Inc. (NASDAQ: VITC), a leading online retailer and
direct marketer of health and wellness products, announced that it
has filed a Notification of Late Filing, or Form 12b-25, with the
Securities and Exchange Commission with regard to its Form 10-Q
report for the Company’s quarter ended September 30, 2010.
The Company is undertaking an internal review into certain
valuation methods used by the Company in previously reported
stock-based compensation grants and awards and the classification
of certain non-cash expense items previously reported in connection
therewith. The internal review is being conducted by the Audit
Committee of the Board of Directors with the assistance of outside
independent professional advisors and consultants. The Company
intends to file its Form 10-Q report for the quarter ended
September 30, 2010 as soon as practicable after the receipt and
compilation of certain additional financial and accounting
information necessary to complete the Audit Committee’s review. The
Company does not expect to file the Form 10-Q report for the
quarter ended September 30, 2010 before the fifth calendar day
following its original filing due date of November 15, 2010.
About Vitacost.com, Inc.
Vitacost.com, Inc. (NASDAQ: VITC) is a leading online retailer
and direct marketer of health and wellness products, including
dietary supplements such as vitamins, minerals, herbs or other
botanicals, amino acids and metabolites, as well as cosmetics,
organic body and personal care products, sports nutrition and
health foods. Vitacost.com, Inc. sells these products directly to
consumers through its website, www.vitacost.com, as well as through
its catalogs. Vitacost.com, Inc. strives to offer its customers the
broadest product selection of healthy living products, while
providing superior customer service and timely and accurate
delivery.
Forward-Looking Statements
Except for historical information contained herein, the
statements in this release are forward-looking and made pursuant to
the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements made herein, which
include statements regarding the internal review, the Company’s
intention to file its Quarterly Report on Form 10-Q for the quarter
ended September 30, 2010 and the potential restatement, involve
known and unknown risks and uncertainties, which may cause the
Company’s actual results in current or future periods to differ
materially from future results. Those risks and uncertainties
include, among other things, the current global economic downturn
or recession; difficulty expanding its manufacturing and
distribution facilities; significant competition in its industry;
unfavorable publicity or consumer perception of its products on the
Internet; the incurrence of material product liability and product
recall costs; inability to defend intellectual property claims;
costs of compliance and its failure to comply with government
regulations; its failure to keep pace with the demands of customers
for new products; disruptions in its manufacturing system,
including information technology systems, or losses of
manufacturing certifications; the lack of long-term experience with
human consumption of some of its products with innovative
ingredients; and costs associated with the internal review and
stockholder litigation. Those and other risks are more fully
described in the Company’s filings with the Securities and Exchange
Commission, including the Registration Statement on Form S-1, as
amended, filed in connection with the company’s initial public
offering as well as the Company’s Form 10-K filed for the full year
ended December 31, 2009.
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