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Vermont diet venture fails in crowded marketplace


During the research on the program done at the University of Vermont by Jean Harvey-Berino, professor and chairperson of nutrition and food sciences, 65 percent of participants had clinically meaningful weight loss of 5 percent or more during the 12-week program.Jay Hunter, an investor and former board member of Vtrim from Rhode Island, believes there's "nothing to sell.""It's over, it's been over for a while," Hunter said.No winnersIf it is over, Krista Conley thinks she knows why. First, she says, the Vtrim board of directors failed to step up to the plate."We had board members who weren't invested in Vtrim," Conley said. "In a tech-based company your board members are supposed to be invested. You're supposed to put your money out there. We had one person here assisting us."Conley said Hunter was the only other board member, besides her, who invested.

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