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Medifast Reports Record First Quarter 2009 Financial Results
Date:4/29/2009

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
              ir@choosemedifast.com          Robert Blum
                                             Joe Dorame
                                             602-889-9700

                            Financial tables to follow:

                          MEDIFAST, INC. AND SUBSIDIARIES
                CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

                                                     March 31,   December 31,
                                                       2009         2008
    ASSETS
      Current assets:
        Cash and cash equivalents                   $6,297,000    $1,841,000
        Accounts receivable - net of allowance
         for doubtful accounts of $100,000             574,000       448,000
        Inventory                                   12,363,000    13,856,000
        Investment securities                        1,129,000     1,099,000
        Deferred compensation                          451,000       531,000
        Prepaid expenses and other current assets    1,925,000  
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SOURCE Medifast, Inc.
Copyright©2009 PR Newswire.
All rights reserved

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