Press Releases
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HealthRite’s Chairman of the Board, Bradley T. MacDonald, expects the third quarter to produce profits of $135,954 or $.02 per share fully diluted.
Nine (9) months ending September 30, 2000 profits are expected to reach $628,681 or $.10 per share on a fully diluted basis. Compared to last year, total equity is now at $357,910 versus an $818,000 deficit which is a $1,175,000 improvement in the last 12 months.
Management’s focus on its Medifast™ branded products and applying its new digital and Internet technologies provide better customer service and satisfaction. The Company’s new product development program has positioned the Company for profitable growth in 2001.
This release contains forward-looking statements which may involve known and unknown risks, uncertainties and other factors that may cause HealthRite’s actual results and performance in future periods to be materially different from any future results or performance suggested by these statements. HealthRite cautions investors not to place undue reliance on forward-looking statements, which speak only to management’s expectation on this date.
SOURCE: HealthRite, Inc.
Contact: Bradley T. MacDonald, Chairman & Chief Executive Officer of
HealthRite, 410-581-8042, ext. 231
Website: http://www.medifast.net/
