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NUTRI/SYSTEM PREPARES TO EMERGE FROM CHAPTER 11

 PHILADELPHIA, Nov. 3 /PRNewswire/ -- Nutri/System, one of the nation's largest weight loss companies, took a major step toward emerging from Chapter 11.
 Today, the U.S. Bankruptcy Court in Philadelphia approved a "lift stay" motion filed on behalf of Nutri/System's Secured Creditors, a Bank Group. This action will allow the Bank Group to complete a sale of the Nutri/System assets to Heico Acquisitions, Inc., in accordance with an existing agreement.
 Michael E. Heisley, chairman of Heico Acquisitions in Chicago, said he expects to complete the purchase of the Nutri/System assets by December 1993. Nutri/System was forced into bankruptcy on May 4, 1993. Heisley has been managing Nutri/System since May with the approval of the Bankruptcy Court, the Bank Group, the Unsecured Creditors Committee and the Franchise Committee. Horsham, Pa.-based Nutri/System currently operates more than 900 centers throughout the United States and Canada.
 Heisley's focus during the past six months was to develop an exciting new program for Nutri/System clients to be introduced in early 1994. Under this new program, Nutri/System Centers would offer a broad range of services focusing on America's concern with prudent weight management and health. Our society is moving in a direction where consumers will be more motivated to live a healthy lifestyle -- and Nutri/System will be ready to meet this need, said Heisley.
 /delval/
 -0- 11/3/93
 /CONTACT: Joseph J. DiBartolomeo, Ph.D., vice president, Scientific Affairs, of Nutri/System, 215-442-5304/


CO: Nutri/System ST: Pennsylvania IN: SU:

JM-MJ -- PH032 -- 0381 11/03/93 18:11 EST
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Date:Nov 3, 1993
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