MORTON GROVE, Ill., July 5, 2006 /PRNewswire-FirstCall via COMTEX/ -- Lifeway Foods, Inc., (LWAY) , makers of a nutritious, milk-based cultured beverage called kefir, announced today for the second quarter ended June 30, 2006, sales increased 26% to $6,365,147 from $5,072,567 during the same period a year ago.
Julie Smolyansky, Lifeway's CEO, commented, "The second quarter 2006 was another outstanding quarter for Lifeway Foods. Our new Probug's(TM) Organic Whole Milk Kefir has already hit the shelf, and is continuing to be approved by several major grocery chains including Whole Foods, Albertsons, and Kroger. We believe this new and innovative dairy product for kids, the first in the dairy industry, will further bring awareness of Lifeway's award winning Kefir beverages."
Smolyansky continues, "We are also confident our strong first half results will continue in the second half of 2006 as awareness of our products grow and we continue to gain more distribution."
When sampled recently, the response from retailers was overwhelmingly positive with comments like, "this is the coolest product here ... Sublime Slime Lime and Orange Creamy Crawler, how neat! ... this packaging is so cool, no mess." ProBugs(TM) will be at the 52nd Summer Fancy Food Show in New York, NY from July 8-11, 2006 where you can learn more about the product. For more information on ProBugs(TM) visit http://www.lifeway.net/product/probugs/php or call Lifeway Foods at 847-967-1010.
About Lifeway Foods, Inc.
Lifeway, recently named Fortune Small Business' 94th Fastest Growing Small Business, the third straight year being named to the list, is America's leading supplier of the cultured dairy product known as kefir. Lifeway Kefir is a dairy beverage that contains Lifeway's exclusive 10 Live and Active probiotic cultures. While most regular yogurt only contains two or three of these "friendly" cultures, Lifeway kefir products offer more nutritional benefits. Lifeway offers 12 different flavors of its Kefir beverage, Organic Kefir and SoyTreat (a soy based kefir). Lifeway also produces a line of products marketed in US Hispanic communities, called La Fruta Drinkable Yogurt (yogurt drinks distinct from kefir). In addition to its line of Kefir products, the company produces a variety of cheese products and recently introduced a line of organic pudding called It's Pudding!.
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.