| Business Summary | | Lifeway
Foods,
Inc.
offers
kefir,
a
drinkable
product
similar
to
but
distinct
from
yogurt,
in
several
flavors
sold
under
the
name
"Lifeway
Kefir;"
a
plain
farmer's
cheese
sold
under
the
name
"Lifeway
Farmer's
Cheese;"
fruit
sugar-flavored
product
similar
in
consistency
to
cream
cheese
sold
under
the
name
of
"Sweet
Kiss;"
a
dairy
based
immune-supporting
dietary
supplement
beverage
called
Basics
Plus
and
other
kefir-based
products.
The
Company
also
produces
several
soy-based
products
under
the
name
"Soy
Treat"
and
a
vegetable-based
seasoning
under
the
name
"Golden
Zesta."
The
Company
distributes
its
products
primarily
throughout
the
United
States.
The
Company
also
distributes
some
of
its
products
internationally
by
exporting
to
Eastern
Europe
and
Canada. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | LWAY
produces
Kefir,
a
drinkable
product
similar
to
yogurt
sold
under
the
name
Lifeway's
Kefir;
a
plain
farmer's
cheese
sold
under
the
name
Lifeway's
Farmer's
Cheese;
and
a
fruit
sugar-flavored
product
similar
to
cream
cheese
sold
under
the
name
Sweet
Kiss.
For
the
six
months
ended
6/30/01,
sales
rose
18%
to
$5.4
million.
Net
income
rose
50%
to
$561
thousand.
Results
reflect
higher
sales
of
existing
products
and
the
absence
of
certain
non-recurring
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| Michael Smolyansky, 53 Pres,
CEO, Chief Financial Officer, Treasurer, Director | $154K | Valeriy Nikolenko, 55 VP-Production
and Sec. | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|