Press Releases
Every day, more lives are transformed all over the world – one healthy habit at a time. Read the latest about how Medifast and the OPTAVIA® movement is impacting people’s lives.
Bradley T. MacDonald, Chairman of the Board announces that "Medifast Revenues YTD ending May 31st are exceeding forecast and have increased 50% over the same period last year. `Medifast Plus for Diabetics,' which launched in May, is already having a significant impact on the company's business in 2002. The U.S. Diabetic population now has a low fat, low calorie and low glycemic line of products to satisfy their nutrition and weight management needs."
Chairman MacDonald is also delighted to announce that Mr. Michael J. McDevitt, a recently retired Senior Executive and Senior Security Manager of the Federal Bureau of Investigation (FBI) has been elected to the Board of Directors of Medifast, Inc.
Mr. McDevitt is a graduate of Villanova University with a Master's from Pepperdine University. He has published and given lectures on security issues for the FBI throughout the world and will be an executive with a big four accounting firm.
Mr. McDevitt brings a wealth of experience and a reputation of impeccable integrity to Medifast and will assist the company in navigating the waters of securities and business issues over the next few years. His distinguished record of 29 years of federal service at the highest levels within our government, combined with his superb budget and management skills, will serve the shareholders well during the next stage of the company's development.
SOURCE: Medifast, Inc.
CONTACT: Bradley T. MacDonald, Chairman & Chief Executive Officer of
Medifast, +1-410-581-8042, ext. 231
Web site: http://www.medifast.net/