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Medifast Moves Up Date of Earnings Conference Call; Seasoned Executives Join Medifast Team
PRNewswire-FirstCall
OWINGS MILLS, Md.

Medifast, Inc. announced today that after several requests from institutional owners, the Company has decided to reschedule its earning conference call for 4:30 p.m. on August 14, 2003. Interested participants should call (800) 861-5314 and reference participant access code 27127. The conference call will also be webcast at: http://w.on24.com/r.htm?e=2831&s=1&k=FAE9148FA956BB901790F197575F72EF. 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. The Company still intends to release second quarter financial results for the period ended June 30, 2003 on Thursday, August 14, 2003 after the market closes.

Additionally, the Company is delighted to announce the addition of two seasoned executives to its corporate staff. Mr. Robert Hallock, Esq., will join the Medifast team on September 1, 2003 as the Corporate Vice President and General Counsel for Medifast, Inc., and its subsidiaries. Mr. Hallock has over 10 years of extensive experience in general management, sales and administration positions. Previously, Mr. Hallock served as a Vice President for Lion Brothers Company of Owings Mills, MD. He is a graduate of the Wharton Business School of the University of Pennsylvania and received his law degree from Georgetown University.

The Company also hired Mr. Michael Pizzico as the Vice President of Distributor Development for its Take Shape for Life Division. Mr. Pizzico will focus on growing national TSFL distribution through independent insurance and financial planning agent channels and other affinity groups. Previously, Mr. Pizzico was a sales executive for the Xerox Corporation. Mr. Pizzico received a degree in Operations Management from Susquehanna University in Pennsylvania.

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, Inc., +1-410-504-8154; or Ken Sgro, CEOcast, Inc. for Medifast,
+1-212-732-4300

Web site: http://www.medifast.net/