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

07, the current ratio was 2.5 to 1.

"We are pleased with the progress that was achieved in full-year 2007," commented Michael S. McDevitt, Chief Executive Officer of Medifast, Inc. "Throughout the year we made strategic infrastructure and operational investments that will better position the company for consistent future growth. We believe that a number of those investments have already begun producing results, which positively impacted revenues during the fourth quarter of 2007 and will continue to yield results in 2008 and beyond."

"Our multi-channel distribution model, that is designed to properly align the consumer's needs for success, with the proper level of program support is gaining traction and we are beginning to see improved operating results in a number of our distribution channels. We are particularly pleased with the strong performance of our direct sales segment, Take Shape for Life; which posted a 23% revenue increase on a year-over-year basis. That growth was driven by the dedicated support of our 1,850 active health coaches; which represents a 54% increase in the number of active health coaches compared to the end of 2006."

"We also experienced significant growth in our Medifast Weight Control Centers, where annual revenues increased by 37% and same-store sales for centers that have been open for 12 months or longer were up 37% in the fourth quarter of 2007 versus the fourth quarter of 2006. In December 2007, Medifast Franchise Systems received approval to sell Medifast Weight Control Center franchises and the opportunity is now available in 43 states nationwide. On February 18, 2008 the Company announced it sold the rights to open four clinics in the Greater Baltimore Metropolitan Area. The franchisee also has the rights to open four additional Medifast Weight Control Centers in the Baltimore area over the next two years, bringing the total to eight locations."

"During the quarter," Mr. McDevitt continued, "The Medifast
'/>"/>

SOURCE Medifast, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9

Related medicine news :

1. Medifast, Inc. to Announce Fourth Quarter and Fiscal Year-End Results on Wednesday, March 12, 2008
2. Medifast Franchise Systems Sells First Territory in Baltimore
3. Medifast Offers 5 Heart Healthy Tips in Recognition of Fridays National Wear Red Day
4. Medifast Offers Stranded Pure Weight Loss Clients Unique Options
5. Medifast Receives Notice Regarding NYSE Listing
6. Medifast, Inc. Director of Research & Development Co-Authors Health Book
7. Medifast, Inc. to Unveil New Advertising Campaign Featuring Genie Francis and New Web Features in Early 2008
8. Medifast, Inc. Receives Approval to Sell Medifast Weight Control Centers Franchises in Seven Additional States
9. Medifast Announces Third-Quarter 2007 Results
10. Medifast Announces Updated Full Year 2007 Guidance
11. Medifast, Inc. Announces Support for Microsoft HealthVault
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/22/2015)... Recently, Weddingshe.com has added many trendy Champagne wedding ... annual revenues in the past three years. Today, the business ... , According to the sales manager of the company, this ... in 2015. This point can be reflected on the discounted ...
(Date:1/22/2015)... Four years since the release of their debut recording Love ... of Avasa & Matthew Love – the duo are pleased to ... through White Swan Records on February 24, 2015. , THE ROAD ... available to all of us to walk out of the mire ...
(Date:1/22/2015)... (PRWEB) January 22, 2015 EBSCO Information ... (AMA) are expanding their relationship in an effort to further ... the world. While EBSCO has long made AMA journals available ... sales agent for The JAMA Network. , Long ...
(Date:1/22/2015)... JJsHouse.com is a famous dress online store for wedding dresses ... latest collection of wedding dresses , and launches a site-wide ... wedding dress on your big day; the wedding gown is ... wants to find the most suitable wedding dress. Now, we ...
(Date:1/22/2015)... Lower-Auto-Insurance.com has released a new blog post explaining the importance ... reducing the costs of an auto insurance policy . , ... lower prices for their vehicle insurance policies. The safety a vehicle ... costs. Because of this, drivers should always carry a first ...
Breaking Medicine News(10 mins):Health News:Weddingshe Announces A Special Offer On Its Popular Glamorous Wedding Dresses 2Health News:THE ROAD by Avasa & Matthew Love -- A New Album 2Health News:THE ROAD by Avasa & Matthew Love -- A New Album 3Health News:THE ROAD by Avasa & Matthew Love -- A New Album 4Health News:EBSCO Expands Partnership with the American Medical Association 2Health News:EBSCO Expands Partnership with the American Medical Association 3Health News:EBSCO Expands Partnership with the American Medical Association 4Health News:Find The Most Suitable Wedding Dress At JJsHouse.com 2Health News:Driving Safe And Other Factors That Make Auto Insurance Affordable! 2
... in detecting clinically occult lymph-node metastases in prostate cancer, ... of this modality preoperatively could obviate many unneeded surgeries.// ... scanning, work by binding to lymphatic cells. The particles ... areas that do not "light up" on MRI that ...
... laboratories at Berkeley, California have come out with a ... of information held in store in the human genome. ... analysis through this technique helps to elucidate comparisons between ... enables a complete study of biological 'behavioral patterns' that ...
... problems among the old people are those involving the mitral ... left chambers of the heart) and the aortic valve(that which ... surgeons surgically replaced the damaged valve in these patients by ... new procedure, which does not involve surgery, could help patients ...
... us, though very annoying, are just a harmless fact ... many sick people who have weakened immune systems and ... against their blood vessels and internal organs. ,Doctors ... create complications in many modern medical therapies rendering them ...
... study,observed that laughter is best medicine to good health. ... in 1995 by Madan Kataria, a doctor, has made ... is believed to be the best medicine for many ... mind active.// Laughter clubs not only teach "different kinds ...
... with naturally red hair need about 30 percent more anesthesia ... makes red hair red may also make carrot-tops harder to ... hair need more anaesthesia// to make them lose consciousness. Although ... we understand surprisingly little about how they really work. A ...
Cached Medicine News:Health News:MRI with nanoparticles highly sensitive in detecting prostate cancer metastases 2Health News:Primates reveal a new dimension to human genome, 2Health News:Heart valve surgery may be replaced by new heart therapy 2Health News:Fight against Fungus - A new ray of hope 2Health News:Laughter – best medicine to good healt 2
(Date:1/23/2015)... , Jan. 23, 2015  A new analysis of ... D 2015 enrollment data shows that 81 percent of ... access and extra discounts at certain pharmacies. The findings ... "Preferred pharmacy plans are now the foundation of Medicare ...
(Date:1/23/2015)... , Jan. 23, 2015 /PRNewswire/-- Harwood Feffer LLP ( ... of directors of Advaxis, Inc. ("Advaxis" or the "Company") ... has breached its fiduciary duties to shareholders. ... an investing website reporting that Advaxis had misrepresented the ...
(Date:1/23/2015)...  Lixte Biotechnology Holdings, Inc. (OTCQB: LIXT), announced that the number ... lead compound, LB‑100, is being conducted, has been expanded from ... , M.D., the founder and President of Lixte, said that, ... single site. Accrual of patients, however, was slower than projected. ...
Breaking Medicine Technology:New Analysis: 81 Percent of Medicare Part D Seniors Choose "Preferred Pharmacy" Plans in 2015 2Harwood Feffer LLP Announces Investigation of Advaxis, Inc. 2Lixte Biotechnology Holdings Announces Expansion Of Clinical Sites For Its Phase I Trial Of Its Lead Anti-Cancer Compound, LB-100 2Lixte Biotechnology Holdings Announces Expansion Of Clinical Sites For Its Phase I Trial Of Its Lead Anti-Cancer Compound, LB-100 3
... national reference laboratory and a worldwide leader ... offers an extensive test menu of highly ... and anatomic pathology. Owned by the University ... than half of the nation's university teaching ...
... national reference laboratory and a worldwide leader ... offers an extensive test menu of highly ... and anatomic pathology. Owned by the University ... than half of the nation's university teaching ...
... reference laboratory and a worldwide leader in ... an extensive test menu of highly complex ... anatomic pathology. Owned by the University of ... half of the nation's university teaching hospitals ...
... Laboratories is a national reference laboratory and ... and development. ARUP offers an extensive test ... tests in clinical and anatomic pathology. Owned ... clients include more than half of the ...
Medicine Products: