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Medifast to Announce Fourth Quarter and Year-end Results on Monday, March 15th

Medifast, Inc. announced today that it will release fourth quarter and year-end financial results for the period ended December 31, 2003 on Monday, March 15th after the market closes. The Company will hold a conference call and webcast later that day to announce the results.

The conference call will take place at 4:30 PM EST. Interested participants should call (800) 399-4151 when calling within the United States or (706) 634-2388 when calling internationally. Please refer to pass code 6101759. There will be a playback available as well. To listen to the playback, please call (800) 642-1687 when calling within the United States or (706) 645-9291 when calling internationally. Please use pass code 6101759 for the replay. The replay will be available until March 22, 2004.

This call is also being webcast and may be accessed via the Company's web site at Interested parties should go to the section marked "For Investors" to listen to the call. The webcast can be accessed until March 22, 2004.

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, or Ken Sgro, CEOcast, Inc. for Medifast, +1-212-732-4300