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Medifast Receives Notice Regarding NYSE Listing

Thursday, December 27, 2007 General News
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OWINGS MILLS, Md., Dec. 26 Medifast, Inc.(NYSE: MED) announced today that it has been notified by the New York StockExchange (the "NYSE") that it is not in compliance with the NYSE's continuedlisting standards. Medifast, Inc. is considered below criteria by the NYSEbecause over a consecutive 30-day trading period its total marketcapitalization was less than $75 million and the Company's most recentlyreported shareholders' equity was below $75 million. Under applicable NYSEprocedures, the Company has 45 days from the receipt of the notice to submit aplan to the NYSE to demonstrate its ability to achieve compliance with thecontinued listing standards within 18 months. The Company plans to submit aplan that will demonstrate compliance with the listing standards within therequired time frame.
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About Medifast: (www.choosemedifast.com)

Medifast has been helping people lose weight and achieve better health for25 years. Its meal replacement foods have been proven effective in multipleclinical studies, recommended by over 15,000 physicians and used by more than1 million customers. Medifast offers its customers world-class customerservice and nutrition support.
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Please Note: This release contains "forward-looking statements" within themeaning of Section 27A of the Securities Act of 1933, as amended, Section 21Eof the Securities Exchange Act of 1934, as amended, and the Private SecuritiesLitigation Reform Act of 1995. These forward-looking statements generally canbe identified by use of phrases or terminology such as "intend" or othersimilar words or the negative of such terminology. Similarly, descriptions ofMedifast's objectives, strategies, plans, goals or targets contained hereinare also considered forward-looking statements. Medifast believes this releaseshould be read in conjunction with all of its filings with the United StatesSecurities and Exchange Commission and cautions its readers that theseforward-looking statements are subject to certain events, risks,uncertainties, and other factors. Some of these factors include, among others,Medifast's inability to attract and retain independent Associates and Members,stability in the pricing of print, TV and Direct Mail marketing initiativesaffecting the cost to acquire customers, increases in competition, litigation,regulatory changes, and its planned growth into new domestic and internationalmarkets and new channels of distribution. Although Medifast's believes thatthe expectations, statements, and assumptions reflected in these forward-looking statements are reasonable, it cautions readers to always consider allof the risk factors and any other cautionary statements carefully inevaluating each forward-looking statement in this release, as well as thoseset forth in its latest Annual Report on Form 10-K and Quarterly Report onForm 10-Q, and other filings filed with the United States Securities andExchange Commission, including its current reports on Form 8-K. All of theforward-looking statements contained herein speak only as of the date of thisrelease.MEDIFAST, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Audited) (Restated) September 30, 2007 December 31, 2006 ASSETS Current assets: Cash and cash equivalents $2,102,000 $1,085,000 Accounts receivable-net of allowance for doubtful accounts of $100,000 425,000 448,000 Inventory 8,471,000 8,255,000 Investment securities 1,477,000 1,540,000 Deferred compensation 830,000 673,000 Prepaid expenses and other current assets 3,208,000 2,599,000 Note receivable -
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