OWINGS MILLS, Md., June 30 /PRNewswire-FirstCall/ -- Medifast, Inc. (NYSE: MED) today announced that the company was added to the broad-market Russell 3000(R) Index effective at the close of market on June 26, 2009, when Russell Investments reconstituted its comprehensive set of U.S. and global equity indexes. Russell Investments adjusts its indexes annually in order to accurately rank the 3,000 largest companies in the U.S. stock market by market capitalization.
Mr. Michael S. McDevitt, Chief Executive Officer of Medifast, Inc. commented, "We are pleased to be included in the Russell Indexes. It is an acknowledgment of the execution of our business plan over the past year, and the value that has been created for our loyal shareholders."
About Medifast:
Medifast (NYSE: MED) is the leading easy-to-use, clinically proven portion-controlled weight loss program. Medifast has been recommended by 15,000 physicians and used by over one million customers. Medifast is committed to enriching lives by providing innovative choices for lasting health. Medifast programs have been proven effective through studies by major university teaching hospitals. The company sells its products and programs via four unique distribution channels: 1) the web and national call centers, 2) national network of physicians, 3) medically supervised Medifast Weight Control Centers, and 4) the Take Shape For Life direct-selling division, a network of health coaches. Medifast was founded in 1980 and is located in Owings Mills, Maryland. For more information, log onto http://www.ChooseMedifast.com. MED-F
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