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Medifast Announces First Quarter 2008 Financial Results
Date:5/12/2008

ire customers, increases in competition, litigation, regulatory changes, and its planned growth into new domestic and international markets and new channels of distribution. Although Medifast's believes that the expectations, statements, and assumptions reflected in these forward- looking statements are reasonable, it cautions readers to always consider all of the risk factors and any other cautionary statements carefully in evaluating each forward-looking statement in this release, as well as those set forth in its latest Annual Report on Form 10-K and Quarterly Report on Form 10-Q, and other filings filed with the United States Securities and Exchange Commission, including its current reports on Form 8-K. All of the forward-looking statements contained herein speak only as of the date of this release.

Contact: Brendan Connors Lytham Partners, LLC

Vice President - Finance Joe Diaz

410-581-8042 Joe Dorame

ir@choosemedifast.com Robert Blum

602-889-9700

MEDIFAST, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

March 31, 2008 December 31, 2007

(Unaudited) (Audited)

ASSETS

Current assets:

Cash and cash equivalents $1,407,000 $2,195,000

Accounts receivable-net of

allowance for doubtful accounts of

$100,000 475,000 493,000

Inventory 9,973,000 9,181,000

Investment securities 1,405,000 1,439,000

Deferred compensation 723,000 814,000

Prepaid expenses and other current


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SOURCE Medifast, Inc.
Copyright©2008 PR Newswire.
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