Kefir company with Ukrainian roots to launch charity relief
bottle with 100% of profits benefiting humanitarian aid
MORTON
GROVE, Ill., May 10, 2022
/PRNewswire/ -- Lifeway Foods, Inc. (Nasdaq: LWAY) ("Lifeway" or
"the Company"), the leading U.S. supplier of kefir and fermented
probiotic products to support the microbiome, continues to stand
with the people of Ukraine by
expanding humanitarian relief efforts to support those in need.
Building on the Company's ongoing efforts, Lifeway will release a
specially marked charity relief bottle with 100% of profits going
toward Ukrainian humanitarian aid with a commitment of up to
$1 million.
In addition to the charity relief bottle, Lifeway has
spearheaded several fundraisers, including the recent Chicago Chefs
Cook for Ukraine presented by
Lifeway, which raised $700,000 for
World Central Kitchen, founded by Chef José Andrés. The fundraiser
brought together 73 of Chicago's
top chefs for a tasting event to raise funds for Ukrainian relief.
Lifeway is also currently working with the Consulate General of
Ukraine in Chicago, US-Ukraine logistics companies, local
European Consulates, as well as countless volunteers to get vital
donations to Ukraine.
"Lifeway was founded with a mission to bring an ancient Slavic
superfood, kefir, to the U.S. It afforded my family the opportunity
to participate in the American dream, fulfill entrepreneurial
aspirations and pursue basic human freedoms," said Julie Smolyansky, CEO of Lifeway Foods, herself
a former refugee from Kyiv. "We,
as a Company, are devoted and committed to supporting humanitarian
efforts and providing aid for those in need, including relatives of
Lifeway employees that have been directly impacted. The courage of
the Ukrainian people is an inspiration to us all and we are proud
to support those impacted as long as necessary to help recover and
restore wholeness."
As a staple product in Ukraine
and one of Lifeway's customer favorites, Lifeway's Plain Whole Milk
Kefir will be offered as a special charity relief item and is
anticipated to be available beginning in June.
"We are grateful for our many retail and distribution partners
for their enthusiastic response in bringing this special product to
shelves across the United States
and for their commitment to stand with the people of Ukraine," said Smolyansky.
For further information on Lifeway's efforts or to donate to
Ukrainian relief, please visit:
https://lifewaykefir.com/ukraine.
About Lifeway Foods, Inc.
Lifeway Foods, Inc.,
which has been recognized as one of Forbes' Best Small Companies,
is America's leading supplier of the probiotic,
fermented beverage known as kefir. In addition to its line of
drinkable kefir, the company also produces cheese, probiotic
oat milk, and a ProBugs line for kids.
Lifeway's tart and tangy fermented dairy products are now
sold across the United
States, Mexico, Ireland, France and
the United Kingdom. Learn how Lifeway is good for
more than just you at lifewayfoods.com.
Forward-Looking Statements
This release (and oral
statements made regarding the subjects of this release) contains
"forward-looking statements" as defined in the Private Securities
Litigation Reform Act of 1995 regarding, among other things, future
operating and financial performance, product development, market
position, business strategy and objectives. These statements use
words, and variations of words, such as "continue," "build,"
"future," "increase," "drive," "believe," "look," "ahead,"
"confident," "deliver," "outlook," "expect," and "predict." Other
examples of forward looking statements may include, but are not
limited to, (i) statements of Company plans and objectives,
including the introduction of new products, or estimates or
predictions of actions by customers or suppliers, (ii) statements
of future economic performance, and (III) statements of assumptions
underlying other statements and statements about Lifeway or its
business. You are cautioned not to rely on these forward-looking
statements. These statements are based on current expectations of
future events and thus are inherently subject to uncertainty. If
underlying assumptions prove inaccurate or known or unknown risks
or uncertainties materialize, actual results could vary materially
from Lifeway's expectations and projections. These risks,
uncertainties, and other factors include: price competition; the
decisions of customers or consumers; the actions of competitors;
changes in the pricing of commodities; the effects of government
regulation; possible delays in the introduction of new products;
and customer acceptance of products and services. A further list
and description of these risks, uncertainties, and other factors
can be found in Lifeway's Annual Report on Form 10-K for the fiscal
year ended December 31, 2020, and the
Company's subsequent filings with the SEC. Copies of these filings
are available online at https://www.sec.gov,
http://lifewaykefir.com/investor-relations/, or on request from
Lifeway. Information in this release is as of the dates and time
periods indicated herein, and Lifeway does not undertake to update
any of the information contained in these materials, except as
required by law. Accordingly, YOU SHOULD NOT RELY ON THE ACCURACY
OF ANY OF THE STATEMENTS OR OTHER INFORMATION CONTAINED IN ANY
ARCHIVED PRESS RELEASE.
For media inquiries:
Derek Miller
Vice President of Communications, Lifeway Foods
Email: derekm@lifeway.net
For general Lifeway Foods inquiries:
info@lifeway.net
Phone: 847-967-1010
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SOURCE Lifeway Foods, Inc.