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Medifast Reports Record First Quarter 2009 Financial Results

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
              Robert Blum
                                             Joe Dorame

                            Financial tables to follow:

                          MEDIFAST, INC. AND SUBSIDIARIES

                                                     March 31,   December 31,
                                                       2009         2008
      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  
SOURCE Medifast, Inc.
Copyright©2009 PR Newswire.
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