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<SEC-DOCUMENT>0001072613-04-001289.txt : 20040708
<SEC-HEADER>0001072613-04-001289.hdr.sgml : 20040708
<ACCEPTANCE-DATETIME>20040708133121
ACCESSION NUMBER:		0001072613-04-001289
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20040706
ITEM INFORMATION:		
ITEM INFORMATION:		Financial statements and exhibits
FILED AS OF DATE:		20040708

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LIFEWAY FOODS INC
		CENTRAL INDEX KEY:			0000814586
		STANDARD INDUSTRIAL CLASSIFICATION:	DAIRY PRODUCTS [2020]
		IRS NUMBER:				363442829
		STATE OF INCORPORATION:			IL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-17363
		FILM NUMBER:		04905721

	BUSINESS ADDRESS:	
		STREET 1:		6431 W OAKTON
		CITY:			MORTON GROVE
		STATE:			IL
		ZIP:			60053
		BUSINESS PHONE:		7089671010

	MAIL ADDRESS:	
		STREET 1:		6431 W OAKTON
		CITY:			MORTON GROVE
		STATE:			IL
		ZIP:			60053
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8-k_12784.txt
<DESCRIPTION>FORM 8-K DATED JULY 6, 2004
<TEXT>
================================================================================

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON D.C. 20549




                                    FORM 8-K




                                 CURRENT REPORT



     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


         Date of Report (Date of earliest event reported): July 6, 2004






                               LIFEWAY FOODS, INC.
         ---------------------------------------------------------------
             (Exact name of registrant as specified in its charter)





         ILLINOIS                   0-17363                   36-3442829
- ----------------------------      ------------            -------------------
(State or other jurisdiction      (Commission             (I.R.S. Employer
    of incorporation)             File Number)            Identification No.)





                              6431 West Oakton St.
                             Morton Grove, IL 60053
          ------------------------------------------------------------
               (Address of principal executive offices, zip code)


       Registrant's telephone number, including area code: (847) 967-1010





                                       N/A
  -----------------------------------------------------------------------------
          (Former name or former address, if changed since last report)




================================================================================
<PAGE>

                               LIFEWAY FOODS, INC.



ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA INFORMATION AND EXHIBITS

         (c)  Exhibits.  The following exhibits are filed with this report:

              Exhibit 99.1 - Press Release dated July 6, 2004.






ITEM 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION

         On July 6, 2004, Lifeway Foods, Inc. (the "Company") issued a press
release regarding its intent to acquire a privately-held gourmet cream cheese
producer based in the Philadelphia area. The press release is attached to this
filing as Exhibit 99.1 and incorporated by reference herein.


<PAGE>

                                    SIGNATURE

         Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.



         Dated: July 6, 2004        LIFEWAY FOODS, INC.


                                    By: /s/ Julie Smolyansky
                                        ----------------------------------------
                                        Julie Smolyansky
                                        Chief Executive Officer, Chief Financial
                                        and Accounting Officer, President,
                                        Treasurer and Director

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exhibit99-1_12784.txt
<DESCRIPTION>PRESS RELEASE DATED JULY 6, 2004
<TEXT>
                                                                    EXHIBIT 99.1
                                                                    ------------




PRESS RELEASE DATED JULY 6, 2004
- --------------------------------

MORTON GROVE, Ill., July 6 -- Lifeway Foods, Inc. today announced its intent to
acquire a privately-held gourmet cream cheese producer based in the Philadelphia
area.

"This company produces and sells an excellent line of gourmet cream cheeses, as
well as products similar to our own farmer's cheese," said Julie Smolyansky,
Lifeway Foods' president. "This addition to Lifeway Foods provides the company
with several strategic advantages with the most important being that it now
gives us our own distribution system on the East Coast. This will allow us to
more cost effectively distribute Lifeway's existing product lines to these large
and important Philadelphia, New York and New Jersey markets. These are
significant Kefir markets and we believe they can also be important markets for
our LaFruta, Lo Carb Kefir and other product lines.

"This acquisition will also be a complementary addition to our already wonderful
line of probiotic, cultured dairy products and allow us to bring to our existing
customers another high-quality Lifeway dairy product. We expect to complete the
acquisition within the next 30-60 days," Smolyansky stated.

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 Canada. The Company also
participates in the organic and soy markets with Lifeway Organic(TM), Organic
Kefir and Kefir Cheese, and America's first soy kefir called SoyTreat(TM).

For more information, contact Julie Smolyansky, President, Lifeway Foods, Inc.
at (847) 967-1010, e-mail at info@lifeway.net or visit the Company's website at
http://www.lifeway.net or http://www.kefir.com.

This document includes certain "forward-looking statements" within the meaning
of the United States Private Securities Litigation Reform Act of 1995. These
statements are based on management's current expectations and are subject to
uncertainty and changes in circumstances. Actual results may differ materially
from these expectations due to changes in economic, business, competitive,
market and regulatory factors. More information about these factors and their
effects on company performance is contained in filings made by Lifeway Foods,
Inc. with the U.S. Securities and Exchange Commission including, but not limited
to, the annual report on Form 10-K. Information regarding securities filings
made by Lifeway Foods, Inc. may be found by visiting the company's website at
http://www.kefir.com or http://www.lifeway.net.

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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