This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Medifast, Inc. Increases International Expansion Through Medix Strategic Partnership

OWINGS MILLS, Md., Dec. 17, 2012 /PRNewswire/ -- Medifast, Inc. (NYSE: MED), a leading United States manufacturer and provider of clinically proven, portion-controlled weight-loss products and programs, today announced increased international expansion plans through a renewed strategic partnership with Productos Medix S.A. de C.V. ("Medix"), a leader in pharmaceutical obesity products in Mexico. 

(Logo:  http://photos.prnewswire.com/prnh/20120613/NE24271LOGO-b )

Medix, under an exclusive 5-year licensing agreement, plans to increase distribution of Medifast meal replacement products and programs to Argentina, Bolivia, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Venezuela, and Uruguay beginning in January 2013. This renewed agreement expands distribution of Medifast's products and programs with Medix beyond the previous 3 year commitment. Medix now plans to work across Mexico as well as these targeted expansion countries over the next 5 years. 

"We're extremely pleased to renew our partnership with Medix as we expand the geographic reach of Medifast's products and programs through complementary distribution channels," said Michael MacDonald, Medifast's Chairman and Chief Executive Officer.  "We believe Medix's distribution of Medifast products will help us address and reduce obesity long-term."

"Medifast and Medix will provide meal replacements and program solutions for people to live a healthier lifestyle," said Mario Lazcano Torres, Director of Corporate Affairs and Institutional Relations at Medix.  "This expanded partnership will enable us to introduce Medifast's clinically proven meal replacement options for our consumers in Mexico, Central and South America."

With this partnership, Medifast plans to focus on the expansion of its Medifast Weight Control Center distribution channel, which provides clinically-focused, one-on-one counseling to clients, along with Medix's network of physicians, which will offer the program to their patients.  Medifast products and programs have been recommended by over 20,000 doctors since 1980. Medifast provides clinically proven weight loss plans designed not only to help clients lose weight, but to help them learn how to maintain their weight loss long-term.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,745.98 -5.41 -0.03%
S&P 500 2,108.63 +0.06 0.00%
NASDAQ 5,128.7850 +17.0520 0.33%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs