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