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Medifast to Announce Second Quarter Financial Results on Monday, August 16th; Company to Hold Conference Call and Webcast for Investors at 4:15 pm that day

Medifast, Inc. announced today that it will report second quarter financial results for the period ended June 30, 2004 on Monday, August 16th after the market closes. After the release, the Company's executives will hold a conference call to discuss the results and to provide an update on expectations for the balance of the year.

The conference call will take place at 4:15 pm eastern time that day. 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 9378237. There will be a playback available for two weeks. 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 9378237 for the replay. The Company will also webcast the event. Investors may access the webcast live at, in the section marked "For Investors." The webcast will be available on the Company's Website for two weeks.

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