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<SEC-DOCUMENT>0001072613-05-000063.txt : 20050114
<SEC-HEADER>0001072613-05-000063.hdr.sgml : 20050114
<ACCEPTANCE-DATETIME>20050113214204
ACCESSION NUMBER:		0001072613-05-000063
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20050113
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20050114
DATE AS OF CHANGE:		20050113

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:		05529156

	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_13196.txt
<DESCRIPTION>8-K DATED JANUARY 13, 2005
<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):  January 13, 2005



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


          ILLINOIS                      0-17363                  36-3442829
- ----------------------------    ------------------------      ----------------
(State or other jurisdiction    (Commission File Number)      (I.R.S. Employer
     of incorporation)                                       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)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act
    (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
    (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
    Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
    Act (17 CFR 240.13e-4(c))
================================================================================
<PAGE>

ITEM 8.01   OTHER EVENTS

            On January 13, 2005, Lifeway Foods, Inc. (the "Company") issued a
press release announcing that its Board of Directors has approved a stock
repurchase program of up to 50,000 shares of the Company's common stock. Under
such program, the Company may repurchase up to 50,000 shares of its common stock
periodically in open market transactions for a period of one year from the date
of the first purchase.

            A copy of this press release is being furnished as an exhibit to
this report on Form 8-K and incorporated by reference herein.


ITEM 9.01   FINANCIAL STATEMENTS AND EXHIBITS

            EXHIBIT NO.      DESCRIPTION OF EXHIBIT
            -----------      ----------------------

            EXHIBIT 99.1     Press release dated January 13, 2005 - "Lifeway
                             Foods Announces Share Repurchase"










<PAGE>

                                    SIGNATURE

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

Dated: January 13, 2005

                                         LIFEWAY FOODS, INC.


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











</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exhibit99-1_13196.txt
<DESCRIPTION>PRESS RELEASE DATED JANUARY 13, 2005
<TEXT>
                                                                    EXHIBIT 99.1
                                                                    ------------

            Lifeway Foods Announces Share Repurchase
            Thursday January 13, 2005

            MORTON GROVE, Ill., Jan. 13 /PRNewswire-FirstCall/ -- Lifeway Foods,
Inc. (Nasdaq: LWAY - News) announced today that its board of directors has
authorized a stock 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 the Company's common stock periodically in open market transactions
for a period of one year from the date of the first purchase. Shares will be
repurchased in accordance with Rule 10b-18 under the Securities Exchange Act of
1934 and other applicable laws, rules and regulations. The Company will use its
available cash resources to fund the stock repurchase program.

            Edward Smolyansky, CFO of Lifeway Foods, commented, "I am very
pleased that our board of directors has unanimously approved this stock
repurchase program. Given the current market conditions and our current cash
position, we believe that repurchasing Lifeway stock is a prudent investment
which demonstrates our commitment to growth and to enhancing long term
shareholder value."

            Lifeway, recently named as Fortune Magazine's 38th Fastest Growing
Small Company and 47th on the Forbes 200 Best Small Companies, 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 America's first and only no sugar
added, low carb kefir, Slim 6(TM). 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). The Company recently added a line
of gourmet cream cheeses.

            For more information, contact Lifeway Foods, Inc. at (847) 967-1010
or e-mail at info@lifeway.net and visit http://www.lifeway.net .

            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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