11445 Cronhill DriveOwings Mills, MD 21117

ChooseMedifast.com(800) 763-9954

Company Timeline

Dr. William Vitale forms Jason Pharmaceuticals, named after his son, and begins production and distribution of a meal replacement product under the name Medifast.

The company manufactures the product and distributes it to doctors’ offices. Most of the time, Medicaid & Medicare covers the expense.

1980

$12.3 MILLION IN ANNUAL REVENUE

The company buys 11445 Cronhill Drive office and the manufacturing facility.

2002

Dr. Vitale sells Jason Pharmaceuticals, Inc. to a public company called Healthrite, Inc.

Bradley T. MacDonald becomes President & CEOof Healthrite, Inc.

Brad turns 100% focus on Jason Pharmaceuticals, divesting Healthrite’s non-performing business units and pledging all his personal assets to refinance the business.

1990’s

$25.4 MILLION IN ANNUAL REVENUE

The company changes its name from Healthrite to Medifast, Inc. and is listed on the American Stock Exchange (AMEX).

Brad and Dr. A launch Take Shape For Life.

Company purchases a distribution facility in Ridgely, Maryland, converting it to Sunrise Distribution and Printing.

2003

$27.3 MILLION IN ANNUAL REVENUE

The first TSFL Convention draws a handful of what would later become known as Health Coaches and is held in the manufacturing plant.

2004

$40.1 MILLION IN ANNUAL REVENUE

Medifast acquires Hi-Energy Weight Control Centers.

The Secret is Out, the first comprehensive story of the Medifast weight-loss science and protocols, is published.

2005

$75 MILLION IN ANNUAL REVENUE

Medifast (MED) moves its public company listing from AMEX to the New York Stock Exchange (NYSE).

Medifast is featured in People Magazine’s Half My Size Issue.

#28 on Forbes Best Small Companies in America list.

MyMedifast online community launches.

2006

$85 MILLION IN ANNUAL REVENUE

Hi-Energy Weight Control Centers becomes Medifast Weight Control Centers (MWCC).

2007

Medifast creates Health, Hope, and

Happiness through clinically proven

weight management products,

programs, and support.

*Results vary. Typical weight loss is 2-5 lbs per week the first two weeks, and 1-2 lbs per week thereafter.

Ginamarie lost 100 lbs*

$3.9 MILLION IN ANNUAL REVENUE

Brad and about 20 employees begin to implement the new direct-to-consumer strategy.

Medifast launches MedifastDiet.com and begins marketing the 5 & 1 Plan® directly to consumers.

Students in Villa Julie College’s (now Stevenson University) co-op program help refine and execute the direct-to-consumer model for the Medifast Brand.

2000

$110.1 MILLION IN ANNUAL REVENUE

Medifast forms its first Scientific Advisory Board (SAB)

Dr. A’s Habits of Health is published.

#85 on Forbes 200 Best Small Companies list.

2008

$169.7 MILLION IN ANNUAL REVENUE

Texas Distribution Center (TDC) opens.

#16 on Forbes 200 Best Small Companies list.

2009

$257.6 MILLION IN ANNUAL REVENUE

Medifast celebrates 30 years!

70 Medifast Meal replacements.

#1 Small Company in America by Forbes.

#29 on Fortune’s 100 Fastest Growing Companies list.

2010

$298.2 MILLION IN ANNUAL REVENUE

MWCC build-out to 70 corporate Centers and 30 Franchise Centers.

#5 on Fortune’s 100 Fastest Growing Companies list.

Bradley T. MacDonald retires, becomes Executive Chairman Emeritus.

Michael MacDonald becomes Executive Chairman of the Board.

#12 on Forbes Top 100 Public Companies in America list.

2011

$356.7 MILLION IN ANNUAL REVENUE

First National Branding Campaign, “Conversations with Yourself,” is conceived.

International expansion into Mexico through strategic partnership with Medix.

Medifast introduces new packaging design for all products.

#10 on Forbes Best Small Companies list.

#46 on Fortune’s Fastest Growing Companies list.

2012

$356.9 MILLION IN ANNUAL REVENUE

Decision made to transition corporate Centers to franchise model, acquire new franchise partners, and expand current franchise partners.

Beginning of movement toward broader heathly living products and programs.

L.O.V.E. Program launches to gain insight into our clients opinion about the Medifast experience.

Dr. A’s Discover Your Optimal Health reached the New York Times Best Seller List.

National Discover Your Optimal Health Day launches.

#16 Forbes America’s Best Small Companies list.

2013

Vertically Integrated Manufacturing & Distribution

Medifast is a vertically integrated company—our manufacturing and distribution operations are owned and operated by Medifast.

Our supply chain team is made up of—procurement, planning, QA/QC, regulatory, engineering, R & D, and facilities.

• Manufacturing plant & third party production—made in the USA.

• MDC – Maryland distribution center

• TDC – Texas distribution center

Clinically ProvenProducts & Programs

• Medifast 5 & 1 Plan®—supported with state-of-the-art programs, systems, processes, and tools.

• Clinically proven, doctor recommended—products & programs recommended by over 20,000 doctors since 1980.

• Multiple weight-loss plan options that fit our customers’ lifestyles, personal needs, and weight-loss goals.

• Over 70 meal replacements—variety, quick results, flexibility, sound nutrition,

unparalleled support.

• Expanded offerings and innovative technologies that inspire a healthy living lifestyle.

Unique Multi- Channel Structure

• Medifast Direct – Self guided weight loss & weight management with the convenience of online ordering, support, & tools.

• Take Shape For Life – A free personal Health Coach & mentor to guide clients through their weight loss & weight- management journey.

• Medifast Weight Control Centers – A weight loss & weight management partnership with a team of Center professionals dedicated to member success.

• Medical Providers – Physician-directed weight loss & weight management through a health care provider or non-retail Medical Center.

Exemplary Support

Our highly skilled and engaged employees partner across all channels,

all functions, and business models on a daily basis—coming together in a true One Medifast

fashion to support our customers, our internal teams, and our growth aspirations.