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Medifast to Hold Special Investor Presentation on December 11th
Company to Raise 2004 Guidance and Provide Detailed Results on the Johns Hopkins University Study at the Event

Medifast, Inc. announced today that it would hold a special investor presentation on Thursday, December 11th at 4:30 p.m. at the New York Athletic Club, located at 180 Central Park South in Manhattan. The Company expects to increase its fiscal 2004 guidance at that time from the $36 million in revenues it previously announced, as a result of the success of the National Television Test Ad Campaign conducted in September. The Company also will provide detailed results from its two-year study conducted by researchers from Johns Hopkins University. The purpose of the study was to examine the health effects of weight reduction for overweight and obese type II diabetics using Medifast's products.

The by-invitation only event will be open to analysts, institutional investors and brokers. The Company will also conduct a webcast and conference call of the event, which can be accessed live at 4:45 p.m. EST or for up to 30 days after the event is completed at or by dialing 1-800-861-5314 and using access code 27127#. The rebroadcast telephone number is 1-800-695-0507.

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: Jeremy Hunt, Investor Relations Specialist, +1-410-504-8196, or
Casey Seward, Public Relations and Marketing Manager, +1-410-504-8154, both of
Medifast, Inc.; or Ken Sgro, CEOcast, Inc. for Medifast, +1-212-732-4300