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Medifast to Announce First Quarter Results on Wednesday May 12th

Medifast, Inc. announced today that it will release first quarter financial results for the period ended March 31, 2004 on Wednesday, May 12 after the market closes. The Company will hold a conference call and webcast at 4:30 PM EDT.

Interested participants should call (888) 632-0064 when calling within the United States or (706) 679-8133 when calling internationally. Please refer to pass code 7381292. 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 7381292 for the replay. The replay will be available until May 26, 2004.

The webcast 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 May 26, 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, Medifast,
+1-410-504-8196; or Ken Sgro, CEOcast, Inc. for Medifast, +1-212-732-4300