Following my post "Shhh" from yesterday, but certainly not attributable thereto, it seems a creature is actually stirring at Lifeway. Atta' Boy Eddie, & thanks for thinking about the poor fools who have a position in your Company, and have been feeling kinda' foolish lately. Pass the Stoli..I'll drink a toast to you and all the other Smolyanskys. Hopefully, when you and the family do your stuff, I'll be able to afford the Beluga to go along with it. Right now, I'm stuck with Bologna on Rye.MORTON GROVE, Ill., Jan. 13 /PRNewswire-FirstCall/ -- Lifeway Foods, Inc.(Nasdaq: LWAY) announced today that its board of directors has authorized astock repurchase program of up to 50,000 shares of the Company's common stock.Under such program, Lifeway Foods may repurchase up to 50,000 shares of theCompany's common stock periodically in open market transactions for a periodof one year from the date of the first purchase. Shares will be repurchasedin accordance with Rule 10b-18 under the Securities Exchange Act of 1934 andother applicable laws, rules and regulations. The Company will use itsavailable cash resources to fund the stock repurchase program.Edward Smolyansky, CFO of Lifeway Foods, commented, "I am very pleasedthat our board of directors has unanimously approved this stock repurchaseprogram. Given the current market conditions and our current cash position,we believe that repurchasing Lifeway stock is a prudent investment whichdemonstrates our commitment to growth and to enhancing long term shareholdervalue."Lifeway, recently named as Fortune Magazine's 38th Fastest Growing SmallCompany and 47th on the Forbes 200 Best Small Companies, is a manufacturer ofcultured, probiotic and functional food products in the health food industry,and is America's leading supplier of the cultured dairy product known askefir. The Company markets 12 flavors of kefir, and America's first and onlyno sugar added, low carb kefir, Slim 6(TM). The Company also participates inthe organic and soy markets with Lifeway Organic(TM), Organic Kefir and KefirCheese, and America's first soy kefir called SoyTreat(TM). The Companyrecently added a line of gourmet cream cheeses.
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