Medifast Selects VDM Specialists for its Transfer to the NYSE
August 25 2006 - 8:30AM
PR Newswire (US)
- Medifast Marks VDM Specialists' Sixth Transferee from AMEX in
Past Year - NEW YORK, Aug. 25 /PRNewswire-FirstCall/ -- VDM
Specialists, LLC today announced that it began the trading of
Medifast, Inc. (NYSE:MED), following its transfer to the New York
Stock Exchange from the American Stock Exchange. Medifast, through
its wholly-owned subsidiaries, engages in the production,
distribution and sale of weight and disease management products,
and other consumable health and diet products. Medifast is the
sixth company in the past year to select VDM Specialists for its
transfer from the AMEX, taking advantage of the NYSE's market
quality, low volatility and deep liquidity. "Moving to the NYSE has
allowed us to join some of the best public companies in the world,"
said Bradley T. MacDonald, Chairman and CEO of Medifast. "We
selected VDM Specialists due to its superior trading services --
ensuring liquidity and an orderly market for our investors. VDM
will also play a significant role in the development of our value
proposition by providing us with critical market intelligence and
ongoing support." "We are pleased to welcome Medifast to our
growing family of clients in the health and wellness space," said
Robert Fagenson, CEO of VDM Specialists, LLC. "As our second AMEX
transferee in less than two months, Medifast's listing is further
evidence of VDM Specialists' strength and experience in assisting
companies in moving their listings to the NYSE." VDM Specialists
currently represents over a dozen companies across the health and
wellness, healthcare and pharmaceutical sectors, including
Herbalife Ltd., Nautilus Group, Tempur-Pedic International, Eli
Lilly & Co., Pfizer, Inc., McKesson, Inc., and Apria Healthcare
Group, Inc. About Medifast, Inc. Medifast, Inc., through its
subsidiaries, engages in the production, distribution, and sale of
weight and disease management products, and other consumable health
and diet products in the United States. Its products also include
meal replacement and sports nutrition products. The company offers
its products through Web, call center, independent health advisors,
medical professionals, weight loss clinics, and direct consumer
marketing supported by phone and the Web. Medifast's wholly owned
subsidiaries include Jason Pharmaceuticals; Jason Properties; Jason
Enterprises; Seven Crondall; and Take Shape for Life, Inc. About
VDM Specialists, LLC As one of the largest specialist firms on the
NYSE, VDM Specialists represents over 400 leading issues including
Pfizer, Hewlett-Packard, The Walt Disney Co. and Tiffany & Co.
AMEX transferees selecting VDM Specialists over the past year
include Bema Gold Corp., CharterMac, Excel Maritime Carriers,
IAMGOLD Corp. and Provident Energy Trust. VDM Specialists is part
of publicly traded Van der Moolen Holdings NV (NYSE:VDM). For more
information about VDM Specialists, please visit
http://www.vdm-usa.com/. DATASOURCE: VDM Specialists, LLC CONTACT:
Mark A. Baer, Managing Director of VDM Specialists, LLC,
+1-646-576-2700, ; or Media - Sean Flynn, of Gavin Anderson &
Company, +1-212-515-1941, Web site: http://www.vdm-usa.com/
Copyright
Van Der Moolen (NYSE:VDM)
Historical Stock Chart
From Oct 2024 to Nov 2024
Van Der Moolen (NYSE:VDM)
Historical Stock Chart
From Nov 2023 to Nov 2024