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Medifast Announces Year-end 2007 Financial Results
Date:3/12/2008

Fourth quarter revenue up 29%; fourth quarter profit up 138%

2008 EPS guidance forecasts 30% to 35% growth

OWINGS MILLS, Md., March 12 /PRNewswire-FirstCall/ -- Medifast, Inc. (NYSE: MED) announced today financial results for the fourth quarter and the year ended December 31, 2007.

Financial highlights included:

-- Annual revenues increased 13%;

-- Fourth quarter consolidated revenues increased 29% compared to the

previous year's fourth quarter;

-- The direct sales segment of Take Shape for Life experienced sales

increase of 23% year-over-year;

-- Active Take Shape for Life Health Coaches up 54% on a year-over-year

basis;

-- Medifast Weight Control Centers annual revenues increased 37%;

For the full-year ended December 31, 2007, Medifast reported revenue of $83.8 million, an increase of 13% from the $74.1 million reported for full-year 2006. The Company reported net income of $3.8 million, or $0.30 per basic share ($0.28 per diluted share), versus $5.2 million or $0.41 per basic share ($0.38 per diluted share) in full-year 2006.

For the fourth quarter Medifast reported revenue of $19.8 million, a 29% increase from $15.3 million in the fourth quarter of 2006. The Company reported net income of $601,000, an increase of 138% from the same time period in 2006 or $0.05 per basic share -- $0.04 per diluted share versus $252,000, or $0.02 per basic share -- $0.02 per diluted share in 2006.

The Company's balance sheet remains strong with stockholders' equity of $32.4 million and working capital of $10.4 million at December 31, 2007, compared to $27.9 million and $9.6 million at December 31, 2006, respectively. At December 31, 20
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SOURCE Medifast, Inc.
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