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Mike Monahan Joins Nutrisystem as Chief Financial Officer



  Mike Monahan Joins Nutrisystem as Chief Financial Officer

     Proven CFO brings public company finance experience, track record of
                         increasing shareholder value

Business Wire

FORT WASHINGTON, Pa. -- April 25, 2013

Today Nutrisystem (NASDAQ: NTRI), a leader in weight loss with more than 40
years of proven effectiveness, announced that Michael P. Monahan will join the
company as Chief Financial Officer effective May 22, 2013.

Since 2009 Mr. Monahan has served as Chief Financial Officer of PetroChoice
Holdings, Inc., a privately-held distributor of industrial, commercial, and
passenger car lubricants. During his tenure, he was a key member of the
management team that achieved substantial growth and increased value for the
shareholders. His appointment as Nutrisystem’s CFO represents a return to the
company for Mr. Monahan, who served as Nutrisystem’s Vice President of Finance
from 2006 to 2009 prior to joining PetroChoice. He is a seasoned financial
professional with significant experience in financial planning and analysis,
treasury, corporate accounting, strategy and business development, and
investor relations.

Dawn Zier, President and Chief Executive Officer of Nutrisystem, said, “We are
pleased that Mike has re-joined the company as Chief Financial Officer. He was
universally respected during his previous tenure with the company and is a
natural fit for us. He knows our business and saw firsthand the innovation and
direct consumer response discipline that propelled the company during our
growth phase. His perspective and financial expertise will be invaluable as we
work to execute our turnaround plan.”

Mike added, “This is a great time to join Nutrisystem, as Dawn and her team
are executing a cohesive turnaround plan that I believe will add significant
shareholder value. I look forward to meeting Nutrisystem’s investors and
analysts, and keeping them apprised of our progress as we work to restore
financial performance.”

Mr. Monahan started his career at Arthur Andersen LLP, working on both the
audit and consulting side of the business, later joining Accenture in the
finance and performance management practice. Following that, he worked at
Exelon Corporation leading a divisional financial planning and analysis team
prior to joining Nutrisystem in April 2006. He holds a Bachelor of Arts degree
from Villanova University and a Master of Business Administration from The
University of Chicago’s Booth School of Business.

About Nutrisystem, Inc.

Having helped Americans lose millions of pounds for over 40 years,
Nutrisystem, Inc. (NASDAQ: NTRI) develops evidence-based programs for healthy
weight management, and is the leading provider of home-delivered weight loss
meal plans. Nutrisystem offers balanced nutrition in the form of low glycemic
index meal plans designed for men and women, including seniors, vegetarians
and the Nutrisystem® D® program for people with diabetes or at risk for type 2
diabetes. Nutrisystem® plans include a wide variety of pantry and frozen
entrees and snacks to aid in program satisfaction and adherence, as well as
transition plans to support long-term success. The Fort Washington, PA-based
company also provides weight management support and counseling by trained
weight-loss coaches and registered dietitians, as well as through an engaged
online community, online tools and trackers, mobile apps, cookbooks and more.
Healthcare professionals may learn more about the programs by visiting
www.nutrisystem.com/hcp. Nutrisystem® weight loss plans are available directly
to consumers through www.nutrisystem.com, by phone (1-800-435-4074) and at
select retailers.

Forward-Looking Statement Disclaimer

Information provided and statements contained in this press release that are
not purely historical, such as details about the company’s management changes
and future prospects, are forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, Section 21E of the Securities
Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995.
Such forward-looking statements only speak as of the date of this press
release and the Company assumes no obligation to update the information
included in this press release. Statements made in this press release that are
forward-looking in nature may involve risks and uncertainties. Accordingly,
readers are cautioned that any such forward-looking statements are not
guarantees and are subject to certain risks, uncertainties and assumptions
that are difficult to predict, including, without limitation, specific factors
discussed herein and in other releases and public filings made by the Company
(including filings by the Company with the Securities and Exchange
Commission). Although the Company believes that the expectations reflected in
such forward-looking statements are reasonable as of the date made,
expectations may prove to have been materially different from the results
expressed or implied by such forward-looking statements. Unless otherwise
required by law, the Company also disclaims any obligation to update its view
of any such risks or uncertainties or to announce publicly the result of any
revisions to the forward-looking statements made in this press release.

Contact:

Gregory FCA
Joe Crivelli
Senior Vice President
Direct: 610-228-2100
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