Lifeway Foods Announces Share Repurchase

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"The inclusion of sugar in the DR-CAFTA agreement is an important step
forward in allowing U. The Company also participates in
the organic and soy markets with Lifeway Organic(TM), Organic Kefir and Kefir
Cheese , and America's first soy kefir called SoyTreat(TM).

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whey and lactose -- growing categories
in U. For cheese, DR-CAFTA sees the immediate
increase of tariff-rate quotas; after 20 years, duties and quotas on cheese
will be eliminated. "If U."
Under the agreement, U. IDFA is
composed of three constituent organizations: the Milk Industry Foundation
(MIF), the National Cheese Institute (NCI) and the International Ice Cream
Association (IICA).com or
http://www.

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dairy industry will gain immediate
duty-free and unlimited access for U.

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"And,
importantly, passage of DR-CAFTA helps keep the U. Under the agreement, duties on many dairy products will
be reduced in the first year , and fully eliminated within 20 years. For
example, upon implementation, the U. MORTON GROVE , Ill. The Company will use its
available cash resources to fund the stock repurchase program. with the U.

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dairy industry is sugar.C. The Company markets 12 flavors of kefir, and America's first and only
no sugar added, low carb kefir, Slim 6(TM).

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"The DR-CAFTA region is an emerging market for dairy products, so we have
strongly supported passage of this important agreement," said Connie Tipton,
President and CEO of the International Dairy Foods Association.S. Its 500-plus members range from large multinational
corporations to single-plant operations, and represent more than 85% of the
total volume of milk, cultured products, cheese, and ice cream and frozen
desserts produced and marketed in the United States.

This document includes certain "forward-looking statements " within the
meaning of the United States Private Securities Litigation Reform Act of 1995.

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production and marketing. companies were able to purchase sugar at
world prices, the dairy industry could save as much as $110 million annually.
DR-CAFTA is a modest but positive step forward.-based organization representing the nation's
dairy processing and manufacturing industries and their suppliers.
(Nasdaq: LWAY) announced today that its board of directors has authorized a
stock repurchase program of up to 50,000 shares of the Company's common stock.

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WASHINGTON, The lead trade association of U.S.

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S.S. IDFA can be found online
at http://www.

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Another issue of importance to the U.S.

idfa.

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U.S. Dairy Processors Hail Passage of DR-CAFTA

For more information, contact Lifeway Foods, Inc. Actual results may
differ materially from these expectations due to changes in economic ,
business, competitive, market and regulatory factors.lifeway.

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dairy foods processors, manufacturers and suppliers today hailed the House
passage last night of the U.S."
Lifeway, recently named as Fortune Magazine's 38th Fastest Growing Small
Company and 47th on the Forbes 200 Best Small Companies , is a manufacturer of
cultured, probiotic and functional food products in the health food industry ,
and is America's leading supplier of the cultured dairy product known as
kefir. at (847) 967 -1010 or
e-mail at http://www.
These statements are based on management's current expectations and are
subject to uncertainty and changes in circumstances.kefir.

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S.S.

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S.org. Information
regarding securities filings made by Lifeway Foods, Inc.

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Free Trade Agreement with the Dominican
Republic and Central America (DR-CAFTA).
IDFA is the Washington, D., Lifeway Foods, Inc.

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in a good position at the
table for the larger World Trade Organization Doha Agricultural Round, which
we are counting on to yield badly needed reform in agricultural trade.

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net .

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The Company
recently added a line of gourmet cream cheeses. Securities and Exchange Commission
including, but not limited to , the annual report on Form 10-K.

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Given the current market conditions and our current cash position,
we believe that repurchasing Lifeway stock is a prudent investment which
demonstrates our commitment to growth and to enhancing long term shareholder
value.lifeway.net . More information about
these factors and their effects on company performance is contained in filings
made by Lifeway Foods, Inc.

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S. may be found by
visiting the Company's website at http://www.

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companies will be able to import 109,000 metric
tons of sugar from the DR-CAFTA nations within the first year; this amount
will grow to about 153,000 metric tons annually over 15 years.
Under such program, Lifeway Foods may repurchase up to 50,000 shares of the
Company's common stock periodically in open market transactions for a period
of one year from the date of the first purchase.

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"
Last year alone, ice cream exports to the DR-CAFTA region grew by 100% and
whey exports grew 9%. dairy processors access to more competitively priced
world sugar," Tipton said. Shares will be repurchased
in accordance with Rule 10b-18 under the Securities Exchange Act of 1934 and
other applicable laws, rules and regulations .
Edward Smolyansky, CFO of Lifeway Foods, commented, "I am very pleased
that our board of directors has unanimously approved this stock repurchase
program.