Lifeway Foods, Inc. (Nasdaq: LWAY) reported financial results for the first quarter ended March 31, 2001. Lifeway reported record revenues of $2.64 million, up 17 percent from last year's first quarter revenues of $2.27 million. Gross Profits for the quarter were $1.09 million, compared to $1.14 million last year. Net income rose 100% to $564,062 or $.08 per share versus a net income of $308,226 or $.04 in 2000.