Published:
Lifeway Foods Clarifies Recent FDA Enforcement for Pennsylvania Facility
Lifeway Foods Clarifies Recent FDA Enforcement for Pennsylvania Facility
MORTON GROVE, Ill., May 16 /PRNewswire-FirstCall/ -- Lifeway Foods, Inc.,
(Nasdaq: LWAY), makers of the nutritious, probiotic dairy beverage called
kefir, announced today all of its production facilities remain open and fully
operational. The only product line temporary affected is the cream cheese
spreads which are produced only inPennsylvania by LFI Enterprises, Inc., a
wholly owned subsidiary of Lifeway. LFI provides several functions beyond
cream cheese production. Lifeway Foods had total first quarter sales of
$11,122,000, an increase of 23% from the same period a year ago.
Julie Smolyansky, CEO commented, "The Consent Decree has absolutely no
impact or affect upon Lifeway's products or production facilities. We
vigorously disagree with the allegations of the complaint. These same
products have been produced for over 15 years for a very small and select
group of customers in thePhiladelphia area without one consumer complaint,
and while we of course respect the government's position, we do not agree with
their unfounded assertions. We know that we are and have been compliant as to
any alleged violation asserted in the complaint. We would never place our
customers at risk."
Edward Smolyansky, CFO commented, "Lifeway and LFI filed an answer to the
complaint denying all material allegations. Lifeway will continue to produce
and ship all of its products including its kefir, farmer's cheese, and
spreadable cheese products without any interruption. As our most recent
quarterly report filed on May 15, 2008 exhibits, our core product lines
continue to grow at a tremendous pace, and we have never been more confident
about the future of our business as a whole."
About Lifeway Foods
Lifeway, recently named Fortune Small Business' 94th Fastest Growing Small
Business, and one of only 20 companies to ever be named to the list three
straight years in a row, is America's leading supplier of the cultured dairy
product known as kefir, and now America's largest supplier of Organic 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 recently
introduced a series of innovative new products such as pomegranate kefir,
Greek-style kefir, a children's line of organic kefir products called ProBugs
(TM) in a patented no-spill pouch in kid-friendly flavors like Orange Creamy
Crawler and Sublime Slime Lime, and a line of organic whole milk 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!.
Live conference calls will now be on an annual basis to discuss fiscal
full year results. For more information, contact Lifeway Foods, Inc. at
(847) 967-1010 or e-mail at info@lifeway.net and visit http://www.lifeway.net.
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.
Contact:
Julie Smolyansky
847-967-1010
SOURCE Lifeway Foods, Inc.
Copyright © 2008, PRNewswire
Copyright © 2008, NewsBlaze,
Daily NewsTags: Wal Mart, Sears, Nordstrom and other Retail, Food and Beverages, illinois
_ _Is your favorite bookmark site missing?
Ask for it.
Search News
Daily News
