USA: Lifeway Foods Moves to Nasdaq National Market System; Symbol to remain LWAY
Lifeway Foods, Inc. (Nasdaq: LWAY) announced today that its Common Stock started trading on the Nasdaq National Market System effective immediately. The Company's symbol will remain LWAY."We are very excited that Lifeway reached this milestone," said Michael Smolyansky, President and CEO. "It will provide our company and its shareholders with many advantages of a broader market. This move is a result of our impressive performance in the small cap markets, our company's financial strength, and aggressive growth in the health and functional food markets. This news is a further testimony of our strong market position and compelling strategy. Now we are in the best possible market to maximize the return to our shareholders as we grow our Company."Smolyansky added, "We feel comfortable with our goal to increase revenues by 25 percent for the year as we broaden our market share and continuously add production capacity in our new processing plant. Our strategic relationship with Groupe Danone, one of the world's largest food processor, will help us increase distribution of our products in the US."Lifeway 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. The Company markets 12 flavors of kefir and does a successful business exporting its products to Eastern Europe. The Company recently introduced a dairy based immune-supporting dietary supplement beverage called Basics Plus(TM), as well as Kefir Starter for consumers to make kefir at home or in travel. With the recent introduction of America's first non-dairy soy kefir called SoyTreat(TM), the Company is entering into the soy milk market.For more information, contact Michael Smolyansky, President, Lifeway Foods, Inc. at (847) 967-1010 or e-mail at
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- General Mills sales woes continue - analysis
- Comment: Meal kits in US - don't believe the hype
- Why personalisation will take-off in US food
- US food next wave on display at Winter Fancy Food
- Analysis: Chocolate sector's deforestation pledge
- UK own-label firm Park Cakes sold in MBO
- Kraft Heinz cuts jobs in US, Canada
- Immigration crackdown "risk" for US dairy industry
- Fonterra cuts earnings forecast
- Unilever invests in Dutch meat substitute project