Medifast Estimates $.03 Profit Per Share in the First Quarter; Six Consecutive Quarters of Profit

Apr 26, 2001, 01:00 ET from Medifast, Inc.

    OWINGS MILLS, Md., April 26 /PRNewswire/ -- Medifast, Inc.
 (OTC Bulletin Board:   MDFT) management has preliminary estimates of at least
 $0.03 per share profit for the first quarter of 2001.  Revenues climbed 36%
 over 2000 and gross profit improved by over 30%.  Increased promotion and the
 renewed popularity of Medifast(R) soy-based meal replacement programs under
 medical supervision helped propel the revenue increases.  The Medifast e-
 commerce site www.medifastdiet.com and the physician lifestyles program
 supporting the Medifast physician patient base were responsible for the
 increase in gross margins.
     Medifast has now achieved six (6) consecutive profitable quarters.  In
 2000, Medifast earned $0.19 per share.  Divesting of the unprofitable Montana
 Naturals operation and focusing on its core Medifast(R) business has returned
 the Company to profitability.
 
     This release contains forward-looking statements which may involve known
 and unknown risks, uncertainties and other factors that may cause Medifast's
 actual results and performance in future periods to be materially different
 from any future results or performance suggested by these statements.
 Medifast cautions investors not to place undue reliance on forward-looking
 statements, which speak only to management's expectation on this date.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X46735463
 
 

SOURCE Medifast, Inc.
    OWINGS MILLS, Md., April 26 /PRNewswire/ -- Medifast, Inc.
 (OTC Bulletin Board:   MDFT) management has preliminary estimates of at least
 $0.03 per share profit for the first quarter of 2001.  Revenues climbed 36%
 over 2000 and gross profit improved by over 30%.  Increased promotion and the
 renewed popularity of Medifast(R) soy-based meal replacement programs under
 medical supervision helped propel the revenue increases.  The Medifast e-
 commerce site www.medifastdiet.com and the physician lifestyles program
 supporting the Medifast physician patient base were responsible for the
 increase in gross margins.
     Medifast has now achieved six (6) consecutive profitable quarters.  In
 2000, Medifast earned $0.19 per share.  Divesting of the unprofitable Montana
 Naturals operation and focusing on its core Medifast(R) business has returned
 the Company to profitability.
 
     This release contains forward-looking statements which may involve known
 and unknown risks, uncertainties and other factors that may cause Medifast's
 actual results and performance in future periods to be materially different
 from any future results or performance suggested by these statements.
 Medifast cautions investors not to place undue reliance on forward-looking
 statements, which speak only to management's expectation on this date.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X46735463
 
 SOURCE  Medifast, Inc.