MDFT...otc bb .34/.40...has been active this week so far:
Monday-106,000
Tues-59,000
Today-86,000
This vol pattern differs from that in prior months...follow thru is still essential however.
Top tick so far off good base built in the .25/.28 area is .40. The company is profitable, is in a growing sector niche, and has had some positive recent developments...releases below:
(COMTEX) B: YTD, Medifast Revenues Up 29%; Income From Operations Up 240
B: YTD, Medifast Revenues Up 29%; Income From Operations Up 240%; Eight
Consecutive Quarters of Profit; Total Capital Up $2.8 Million Since 1999
OWINGS MILLS, Md., Oct 31, 2001 /PRNewswire via COMTEX/ -- Medifast, Inc. (OTC
Bulletin Board: MDFT) revenues have increased by 29% and margins by 7% YTD in
September. The Medifast brand is a premium medical meal replacement and
medically supervised weight management program for physicians and their
patients. As a result of its teleweb strategy, income from operations increased
to 685K YTD vs. 201K last year, and net income was 567K YTD vs. 690K last year,
however, 603K in 2000 was other income and an extraordinary item. The company
has reported 2 cents a share for the quarter and 7 cents YTD. The company now
has total capital of $2 million, a $2.8 million improvement since 1999. It is
projected that the company will generate almost 800K in cash flow by year end.
The company also expects to announce a major strategic partnership prior to year
end that will significantly increase its manufacturing output during 2002.
Chairman MacDonald says, "Medifast has terrific operating leverage.
Manufacturing can triple output without significant investment. Medifast branded
products are well known and have been used by over 700,000 patients since 1983
with an established network of physicians. IRS Pub. 502 may allow Medifast users
to take a tax deduction for over 30 medical conditions including obesity. The
company saves 39% of its cash flow as a result of the tax benefits of previous
losses. Overall, the company is currently undervalued but that should change as
it continues to make progress with increased revenues and profits that will
increase shareholder equity."
The Medifast technology strategy was developed at Villanova University with the
help of Fr. Don Reilly, OSA, Mr. Scott Zion and Mr. Mike MacDonald of the
Medifast Board of Directors. The Medifast e-commerce site www.medifastdiet.com
and the Physician Lifestyles Program, which supports the Medifast physician
patient base, were responsible for the increase in sales and margins. Medifast
has now achieved eight (8) 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
long-term profitability.
This release contains forward-looking statements, which may involve known and
unknown risks and 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.
B: Medifast Inc. and Physicians Directed Health Inventions Inc.
B: Medifast Inc. and Physicians Directed Health Inventions Inc. Form Strategic
Alliance to Combat Obesity With MEDIFAST BRANDED WEIGHT MANAGEMENT PRODUCTS
OWINGS MILLS, Md., Dec 31, 2001 /PRNewswire via COMTEX/ -- Bradley T. Mac
Donald, Chairman of the Board of Medifast, Inc. (OTC Bulletin Board: MDFT) and
Dr. Wayne Andersen, M.D., Medical Director of Health Inventions Inc. are proud
to announce a Strategic Alliance between both companies that combines MEDIFAST
WEIGHT MANAGEMENT PRODUCTS AND PROTOCOLS with the disease management and health
network of Health Inventions Inc., an established group of medical professionals
and associates throughout the United States and Canada. In addition, Dr.
Andersen has made a substantial investment in Medifast Inc. as a Series "C"
Preferred Stockholder and will serve as the Chairman of the new Medifast Medical
Advisory Board, which will advise the Board of Directors and the Management of
the Company as to current trends and business opportunities in the treatment of
obesity and its disease management implications with Health providers.
This announcement follows another "Strategic Alliance" with PHYSICIANS WEIGHT
LOSS CENTERS INC., a division of Health Management Group out of Akron, Ohio.
Medifast has achieved 8 consecutive quarters of profitability and has grown
revenues by 30% YTD in 2001. Watch for the Medifast Branded Advertising Program
to be released in January, which includes National Print and Radio. This dynamic
advertising program will support the Medifast network of Medical Practitioners
and their patients via the medifastdiet.com web site and the 1-866-MEDIFAST
customer service line.
B: Medifast and Physicians WEIGHT LOSS Centers Team Up; Join Su
B: Medifast and Physicians WEIGHT LOSS Centers Team Up; Join Surgeon General to
Combat Obesity with a Strategic Alliance
OWINGS MILLS, Md., Dec 20, 2001 /PRNewswire via COMTEX/ -- Medifast, Inc. (OTC
Bulletin Board: MDFT) Bradley T. MacDonald, CEO of Medifast, Inc. and Chuck
Sekeres, CEO of The Health Management Group Inc., announced today a strategic
alliance in which all of the Health Management Group's Physicians WEIGHT LOSS
Centers will offer the clinically proven Medifast program and products in their
medically supervised weight loss centers. This powerful new partnership will
provide clients with proven weight loss results and professional one-on-one
counseling and support for an end result of maximum weight loss success! The
partnership comes at a time when it is most needed, as Surgeon General David
Satcher is calling for major steps by communities and industry to fight fat and
obesity, which may soon overtake tobacco as the chief cause of preventable
deaths.
Medifast and The Health Management Group are two very well established companies
with proven track records and have over 45 years of combined experience within
the weight loss industry. Medifast leads the industry with cutting edge soy
based meal replacement products and many of the Medifast products are heart
healthy as defined by the FDA. Additionally, Medifast programs and products have
been involved in clinical studies at John Hopkins University and the University
of Vermont for the National Institute of Health. Over 15,000 physicians and
their 500,000 patients have trusted Medifast branded products for successful
weight management.
Physicians WEIGHT LOSS Centers are strategically positioned to assist patients
who wish to lose weight and desire a medically supervised program. A staff
physician, nurse and trained certified counselors work closely with patients
during their weight loss program. With the addition of the Medifast meal
replacement program, Physicians WEIGHT LOSS Centers can tailor the Medifast meal
replacement program to balance the individual's weight loss goals with behavior
modification necessary for long-term success.
Medifast and Physicians WEIGHT LOSS Centers are proud to become partners in the
Surgeon General's efforts to help people lose weight and lead healthier
lifestyles. To find a Physicians WEIGHT LOSS Centers in your area visit the
Physicians WEIGHT LOSS Centers website at www.pwlc.com or call 1-800-205-7887.
To learn more about clinically proven Medifast programs visit
www.medifastdiet.com or call 1-800-638-7867. |
