ooking statements. Medifast believes this release should be read
in conjunction with all of its filings with the United States Securities
and Exchange Commission and cautions its readers that these forward-looking
statements are subject to certain events, risks, uncertainties, and other
factors. Some of these factors include, among others, Medifast's inability
to attract and retain independent Associates and Members, stability in the
pricing of print, TV and Direct Mail marketing initiatives affecting the
cost to acquire 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.
For questions please contact:
ir@choosemedifast.com
Investor relations
MEDIFAST, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited) (Audited)
(Restated)
September 30, 2007 December 31, 2006
ASSETS
Current assets:
Cash and cash equivalents $2,102,000 $1,085,000
Accounts receivable-net of allowance for
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SOURCE Medifast, Inc. Copyright©2007 PR Newswire. All rights reserved | |
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