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Medifast to Announce Third Quarter Results on Monday, November 15th

Medifast, Inc. announced today that it will release third quarter financial results for the period ended September 30, 2004 on Monday, November 15 after the market closes. The Company will hold a conference call and webcast at 4:30 PM EST.

Interested participants should call (877) 740-8078 when calling within the United States or (706) 679-8404 when calling internationally. Please refer to conference code 2150559. 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. The replay will be available until December 15, 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 December 15, 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, Inc.,
+1-410-504-8196; or Ken Sgro, CEOcast, Inc. for Medifast, +1-212-732-4300