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Medifast to Report Second Quarter Financial Results on August 14th; Company to Discuss Results on August 15th Conference Call

Medifast, Inc. announced today that it will release second quarter financial results for the period ended June 30, 2003 on Thursday, August 14, 2003 after the market closes. Company executives will hold a conference call to discuss these results on Friday, August 15 at 9 a.m. EDT.

Interested participants should call (800) 861-5314 and reference participant access code 27127. The conference call will also be webcast at: A replay of the event will be available for up to one week after it is completed by calling (800) 695-0507. It will also be available on the Internet for a one-week period.

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.

SOURCE: Medifast, Inc.

CONTACT: Casey Seward, Public & Investor Relations Specialist of
Medifast, +1-410-504-8154; or Ken Sgro, CEOcast, +1-212-732-4300, for