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Medifast Estimates $.03 Profit Per Share in the First Quarter; Six Consecutive Quarters of Profit
PRNewswire
OWINGS MILLS, Md.

Medifast, Inc. (BULLETIN BOARD: MDFT) management has preliminary estimates of at least $0.03 per share profit for the first quarter of 2001. Revenues climbed 36% over 2000 and gross profit improved by over 30%. Increased promotion and the renewed popularity of Medifast® soy-based meal replacement programs under medical supervision helped propel the revenue increases. The Medifast e- commerce site www.medifastdiet.com and the physician lifestyles program supporting the Medifast physician patient base were responsible for the increase in gross margins.

Medifast has now achieved six (6) consecutive profitable quarters. In 2000, Medifast earned $0.19 per share. Divesting of the unprofitable Montana Naturals operation and focusing on its core Medifast® business has returned the Company to profitability.

This release contains forward-looking statements which may involve known and unknown risks, uncertainties and other factors that may cause Medifast's actual results and performance in future periods to be materially different from any future results or performance suggested by these statements. Medifast cautions investors not to place undue reliance on forward-looking statements, which speak only to management's expectation on this date.

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SOURCE: Medifast, Inc.

Contact: Bradley T. MacDonald, Chairman & Chief Executive Officer of
Medifast, 410-581-8042, ext. 231

Website: http://www.medifastdiet.com/