Medifast Inc. Recognized by Forbes as one of the Best Small Companies in America
OWINGS MILLS, Md., Oct. 22, 2012 /PRNewswire/ -- Medifast, Inc. (NYSE: MED), a leading United States manufacturer and provider of clinically proven, portion-controlled weight-loss products and programs, was recently recognized by Forbes Magazine in their annual "Best Small Companies in America" list, ranked #10 out of 100. This is the third year in a row that Medifast was included in the ranking, previously ranked #12 in 2011 and #1 in 2010.
"We are extremely honored to be recognized by Forbes as one of the Best Small Companies in America as it speaks to Medifast's long-term track record of consistent growth and profitability," commented Michael MacDonald, Chairman & Chief Executive Officer, Medifast, Inc. "Medifast first and foremost is committed to providing quality products and weight loss programs though our multi-channel distribution structure to offer our clients weight loss choices that suit their lifestyle needs. We believe this is just the beginning and we look forward to continued growth and success."
The Forbes "Best Small Companies in America" list highlights public companies with sales under $1 billion, which are ranked based on return on equity, sales growth and earnings growth over the past year and the past five years. Forbes also factored in stock performance versus each company's peer group during the last 12 months.
Productos Medix S.A. de C.V. ("Medix"), Medifast's strategic partner in Mexico and the leader in pharmaceutical obesity products, also received a prestigious award as one of the Best Mexican Companies in 2012, by Bank Banamex, Deloitte Mexico, and Tecnologico de Monterrey, one of the best private universities in Mexico.
Medix distributes Medifast products and programs through physicians and Weight Control Centers in Mexico under the Medifast Brand. Medix plans to work with its extensive physician network while it also opens 30 Weight Control Centers over the next two years. The companies will work together to reduce the obesity epidemic in Mexico. For more information, please visit, www.MedifastNow.com.
Medifast (NYSE: MED) is the leading easy-to-use, clinically proven, portion-controlled weight-loss program. The company sells its products and programs via four unique distribution channels: 1) the web and national call centers, 2) the Take Shape For Life personal coaching division, 3) Medifast Weight Control Centers, and 4) a national network of physicians. Medifast was founded in 1980 and is located in Owings Mills, Maryland. For more information, log onto www.MedifastNow.com.
SOURCE Medifast, Inc.