In a move to launch a proactive external communications program and to develop a broader corporate profile within the media and investment community, Galaxy Foods Company (AMEX: GXY) has retained Jaffoni & Collins, Inc. to orchestrate its corporate investor relations program. Located in New York, Jaffoni & Collins is a leading full-service organization focused solely on investor relations and strategic business counsel.

"It is no coincidence that Galaxy Foods is beginning a formal corporate communications program at this time. In addition to significant top-and-bottom line growth in recent years, Galaxy is extremely well positioned to exploit its unique market niche, take advantage of macro trends in the nutritional foods sector, and implement our new corporate strategy," said Angelo Morini, President and CEO of Galaxy. "We are putting several initiatives into place designed to drive internal growth, and an important component of our overall business plan is clear communications with external audiences about our goals and achievements. We felt that it was important to retain a team of respected, accomplished professionals to communicate our corporate progress."

During the initial phase of the campaign, Jaffoni & Collins will focus its efforts on building Galaxy's profile on Wall Street, expanding the Company's relationships with analysts, money managers, brokers, and targeted media outlets.

About Galaxy Foods Company

Galaxy Foods Company is a leading producer of health-promoting dairy and dairy related alternatives for the retail, foodservice and industrial markets. These plant-based products, which are low or no fat (no saturated fat), have no cholesterol and no lactose and contain more vitamins and minerals than conventional dairy products, are part of the nutraceutical or functional food category, the fastest growing segment of the retail food market. Galaxy brand names include Veggie Slices(TM), Veggie Milk(TM), formagg®, Soyco®, Soymage®, Wholesome Valley(TM), and Lite Bakery®. For more information, please visit the Company's web site at www.galaxyfoods.com, or contact Jaffoni & Collins at 212/835-8500.

About Jaffoni & Collins, Inc.

Jaffoni & Collins is a full-service investor relations agency with extensive experience in the leisure, entertainment, media and new media industries. Founded in 1994, the Company is headquartered in New York, with a satellite office in Boston. Current clients include: AMFM Inc. (NYSE: AFM), Miami Computer Supply (NASDAQ: MCSI), Midway Games (NYSE: MWY), Rex Stores (NYSE: RSC), Wave Systems (NASDAQ: WAVX) and WebcamNow.com.

This press release contains "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties, or other factors which may cause actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on those forward-looking statements which speak only as of the date hereof. The company undertakes no obligation to release publicly any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect unanticipated events or developments.