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Medifast, Inc. announced today that executives and guests from Medifast, Inc. will visit the New York Stock Exchange on Fri., Aug. 25 to celebrate the company's transfer from AMEX to the NYSE. Medifast, Inc. will begin trading on the NYSE under the ticker symbol "MED," that same day.
To celebrate this special occasion, Chairman & CEO Bradley T. MacDonald and President & CFO Michael S. McDevitt will ring The Opening Bell.
Interested parties may view the live webcast of the bell ringing ceremony starting at 9:25 a.m. EDT. The webcast will be available on the Medifast website by clicking on investor relations at the bottom of the page.
Medifast is a leading easy-to-use, clinically proven meal replacement weight loss program. Medifast has been recommended by 15,000 physicians and is used by over one million customers. Its programs have been proven effective through studies at major university research institutions. The company sells its products and programs direct to consumer via the web and national call centers as well as through its national network of physicians and clinics, and national network of Take Shape for Life health advisors. In 2005, the company reported more than $40 million in sales. The company was founded in 1980 and is located in Owings Mills, Maryland. In 2006, the company has forecasted sales of $70 to 72 million.
SOURCE: Medifast, Inc.
CONTACT: Erin Grecu of Warschawski, +1-410-367-2700 or
Web site: http://www.medifastdiet.com/