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The Seidler Companies Incorporated announced that it had initiated coverage of Medifast, Inc.
"Medifast is one of our favorite plays in the sector," said Mr. Block. "While the company has room to grow on several fronts, we believe its clinically proven core weight loss products and program will be the key driver of growth going forward. Underlying that growth will be the company's first-ever direct response television commercial, which we anticipate will generate significant revenue and lead to impressive growth in fiscal 2004."
Founded in 1969, The Seidler Companies Incorporated is one of California's leading independent investment banking and financial services firms. The firm provides a broad range of products and services in the areas of corporate finance, public finance, institutional capital market services and individual and family investing. The Seidler Companies is 100% family and employee-owned and is a member firm of the New York Stock Exchange, Inc. (NYSE), National Association of Securities Dealers (NASD) and Securities Investor Protection Corporation (SIPC). Seidler is focused on providing investment and investment banking to the middle-market
SOURCE: Seidler Companies, Inc.
CONTACT: David M. Block, +1-213-683-4500, for Seidler Companies, Inc.
Web site: http://www.medifast.net/