Press Releases

Every day, more lives are transformed all over the world – one healthy habit at a time. Read the latest about how Medifast and the OPTAVIA® movement is impacting people’s lives.

Month Year

Jan 28, 2003

Medifast Exports Boosts Revenues By 1 Million in 1st Quarter; CEO Common Stock Ownership Clarified; 200K Development Loan Granted
Jan 8, 2003

Medifast to Ring Opening Bell at the AMEX; 1st Quarter Advertising Campaign is `Awesome' With Over 820 Million Impressions
Jan 2, 2003

Medifast (MED) and Hi-Tech Pharmacal (HITK) Joint Venture in Developing Retail Diabetic Line
Dec 18, 2002

/C O R R E C T I O N -- Medifast/
Dec 18, 2002

Medifast Announces Listing on the American Stock Exchange
Dec 12, 2002

New Products and Programs Drive Medifast Revenues to $12 Million for 2002, Up 140%; New Minestrone Soup and French Vanilla Berry Oatmeal to be Launched in January!
Nov 25, 2002

Medifast 4th Quarter Revenues up 250%; Exceeds Forecast as New Products and Programs Gain Acceptance in the Medical Community
Nov 1, 2002

Medifast Is Awesome Baby! Profit From Operations Up 156% YTD; Net Income Up 340% YTD; Coach Dick Vitale Joins Medifast Team!
Oct 11, 2002

Medifast Inc. Recognized as an `OPS Seedling' by StockDiagnostics.com; Revenues Grow by Over 100% in Third Quarter; Taglich Brothers, Inc. Does Research Report with `Speculative Buy' Rating
Sep 23, 2002

Medifast Revenues YTD Up 90% Through August; Joint Venture with Elegant World, Indonesia Consummated; Take Shape for Life, Inc. Subsidiary Develops Revolutionary Health Network and Hires CEO and Executive Vice President; Mortgage Banking Executive Elected
Sep 23, 2002

Medifast Revenues YTD Up 90% Through August; Joint Venture with Elegant World, Indonesia Consummated; Take Shape for Life, Inc. Subsidiary Develops Revolutionary Health Network and Hires CEO and Executive Vice President; Mortgage Banking Executive Elected
Sep 23, 2002

Medifast Revenues YTD Up 90% Through August; Joint Venture with Elegant World, Indonesia Consummated; Take Shape for Life, Inc. Subsidiary Develops Revolutionary Health Network and Hires CEO and Executive Vice President; Mortgage Banking Executive Elected
Sep 23, 2002

Medifast Revenues YTD Up 90% Through August; Joint Venture with Elegant World, Indonesia Consummated; Take Shape for Life, Inc. Subsidiary Develops Revolutionary Health Network and Hires CEO and Executive Vice President; Mortgage Banking Executive Elected
Aug 9, 2002

Medifast Establishes New `Take Shape For Life Health Institute' And `MEDSLIM Clinics' to Build Revenue and Profit Growth; Diabetes Direct - First to Distribute New Diabetic Bars
Jul 25, 2002

Medifast YTD Profits Exceed All of Last Year Revenues and Profits up Over 80%

Total Capital Increases by 1 Million in 6 Months
Jul 2, 2002

Medifast Revenues Up 100% in 2nd Quarter Compared to Last Year; Medifast Plus for Diabetics Drives Increase
Jun 24, 2002

Medifast Revenues Up 50% YTD in May; Retired Senior Executive of FBI Elected to Medifast Board
Jun 7, 2002

Medifast, Inc. Elects Directors; Revenues Up Over 45% YTD in May; Medifast Plus For Diabetics Introduction a Success
May 1, 2002

10-QSB: Medifast Revenues Up 33% Ten Consecutive Quarters Of Profit

Total Capital Improves 3.7 Million In Two Years
Apr 26, 2002

Medifast Inc.'s (OTC Bulletin Board: MDFT) Subsidiary, Jason Pharmaceuticals, Inc. Launches Medifast Plus for Diabetics and Receives Certification by The Glycemic Research Institute
Apr 22, 2002

/C O R R E C T I O N -- Medifast, Inc./
Apr 22, 2002

Medifast Launches Diabetic Line

Initiates Ground Breaking Clinical Studies at Johns Hopkins University And Hires 20-Year Veteran as VP of Clinical Affairs
Apr 3, 2002

Medifast 1st QTR Revenues up 37%; IRS Declares Obesity a Disease; Medifast Plus for Diabetics to Launch in May
Mar 8, 2002

2001 Medifast 10 KSB Results: Revenues Up 29%; Operational Income Up 180%; Shareholder Equity Up 1.3 Million; EBITDA Over 1 Million Dollars on 5 Million Sales
Dec 31, 2001

Medifast Inc. and Physicians Directed Health Inventions Inc. Form Strategic Alliance to Combat Obesity With MEDIFAST BRANDED WEIGHT MANAGEMENT PRODUCTS
Dec 20, 2001

Medifast and Physicians WEIGHT LOSS Centers Team Up; Join Surgeon General to Combat Obesity with a Strategic Alliance
Oct 31, 2001

YTD, Medifast Revenues Up 29%; Income From Operations Up 240%; Eight Consecutive Quarters of Profit; Total Capital Up $2.8 Million Since 1999
Jul 26, 2001

Medifast Revenues Up 40%; Income From Operations Up 200%; Seven Consecutive Quarters of Profit
Jul 6, 2001

Medifast Launches Three New Products and Medifast May be Tax-Deductible
Jun 20, 2001

Medifast, Inc. Revenues Up Over 40% YTD in June; Board of Directors Reelected as Company Gets `Strong' Rating
Apr 26, 2001

Medifast Estimates $.03 Profit Per Share in the First Quarter; Six Consecutive Quarters of Profit
Mar 29, 2001

Medifast, Inc. Earns $.19 a Share Exceeding Forecasts, Equity Improves By $2,000,000 in One Year

Five Quarters of Profit Signal a Turnaround and Stability
Feb 2, 2001

/C O R R E C T I O N -- HealthRite, Inc./
Feb 2, 2001

HealthRite, Inc. Changes Name to Medifast, Inc. (Nasdaq: MDFT) as Focus On Weight Management Returns Company to Profitability
Oct 26, 2000

Four (4) Consecutive Quarters Of Profit For HealthRite Inc.
Jul 28, 2000

Three (3) Consecutive Quarters of Profit for HealthRite, Inc.
Dec 31, 1969

YTD, Medifast Revenues Up 29%; Income From Operations Up 240%; Eight Consecutive Quarters of Profit; Total Capital Up $2.8 Million Since 1999

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