MORTON GROVE, Ill.,
May 7 /PRNewswire-FirstCall/ --
Lifeway Foods, Inc. (Nasdaq: LWAY), makers of a nutritious,
probiotic dairy beverage called Kefir, announced today Lifeway's
Board of Directors approved a new share repurchase program of up to
200,000 shares. Under such a program, Lifeway Foods may
repurchase up to 200,000 shares of the Company's Common Stock
through the open market within a period of one year from the date
of the first purchase. The Company will use its available
cash resources to fund the stock repurchase program.
Julie Smolyansky, Lifeway's CEO,
commented, "We are very pleased that our Board of Directors has
approved this share repurchase program as we feel, at this time,
investing in our own company is the best investment out there for
us. This new 200,000 share approval demonstrates our
continuing commitment to growth and enhancing shareholder value.
This buyback will be funded through our internal operating
cash flows."
Lifeway Foods,
Inc.
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Phone:
877.281.3874
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Email:
info@Lifeway.net
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www.Kefir.com and www.StarfruitCafe.com
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Find Lifeway Foods,
Inc. on Facebook: www.facebook.com/lifewaykefir
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Follow us on
Twitter: http://twitter.com/lifeway_kefir
and http://twitter.com/starfruitcafe
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Flickr:
http://www.flickr.com/photos/Lifeway_Kefir
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YouTube:
http://www.youtube.com/user/lifewaykefir
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About Lifeway Foods
Lifeway Foods, Inc., recently named one of Fortune Small
Business' Fastest Growing Companies for the 4th consecutive year,
is America's leading supplier of the cultured dairy product known
as Kefir, and America's sole supplier of Organic Kefir.
Lifeway Kefir is a dairy beverage that contains 10 exclusive
live and active probiotic cultures. While most regular yogurt
contains only two or three of these "friendly" cultures, Lifeway
Kefir products offer even more nutritional benefits. Lifeway
produces 12 different flavors of its drinkable Kefir and Organic
Kefir beverage, and recently introduced a series of innovative new
products such as a children's line of Organic Kefir products called
ProBugs (TM) with a no-spill pouch and kid-friendly flavors like
Orange Creamy Crawler, Goo Berry Pie, and Sublime Slime Lime. In
addition to its line of Kefir products, the company produces a
variety of probiotic cheese products, and a line of products
marketed in US Hispanic communities called La Fruta Drinkable
Yogurt (yogurt drinks distinct from Kefir).
This news release contains forward-looking statements.
Investors are cautioned that actual results may differ materially
from such forward-looking statements. Forward-looking statements
involve risks and uncertainties including, but not limited to,
competitive pressures and other important factors detailed in the
Company's reports filed with the Securities and Exchange
Commission.
SOURCE Lifeway Foods, Inc.