These risks, uncertainties, and other factors include: price competition the decisions of customers or consumers the actions of competitors changes in the pricing of commodities the effects of government regulation possible delays in the introduction of new products and customer acceptance of products and services. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from Lifeway's expectations and projections.

These statements are based on current expectations of future events and thus are inherently subject to uncertainty. You are cautioned not to rely on these forward-looking statements. These statements use words, and variations of words, such as 'continue,' 'build,' 'future,' 'increase,' 'drive,' 'believe,' 'look,' 'ahead,' 'confident,' 'deliver,' 'outlook,' 'expect,' and 'predict.' Other examples of forward looking statements may include, but are not limited to, (i) statements of Company plans and objectives, including the introduction of new products, or estimates or predictions of actions by customers or suppliers, (ii) statements of future economic performance, and (iii) statements of assumptions underlying other statements and statements about Lifeway or its business. This release (and oral statements made regarding the subjects of this release) contains 'forward-looking statements' as defined in the Private Securities Litigation Reform Act of 1995 regarding, among other things, future operating and financial performance, product development, market position, business strategy and objectives. Learn how Lifeway is good for more than just you at. Lifeway's tart and tangy fermented dairy products are now sold across the United States, Mexico, Ireland, France and the United Kingdom. In addition to its line of drinkable kefir, the company also produces cheese, probiotic oat milk, and a ProBugs line for kids. Lifeway Foods, Inc., which has been recognized as one of Forbes' Best Small Companies, is America's leading supplier of the probiotic, fermented beverage known as kefir. The Company is working diligently on its plan to regain compliance and file its First Quarter Form 10-Q and Second Quarter Form 10-Q as soon as practicable. The Company previously disclosed the circumstances that caused the late filings and filed its Form 10-K on July 21, 2022. If Nasdaq accepts the plan, it may grant the Company an extension of up to 180 calendar days from the due date of the Form 10-K, or October 12, 2022, to regain compliance. The Nasdaq Notice, which has no immediate effect on the listing or trading of the Company's common stock on the Nasdaq Capital Market, states that the Company is required to submit a plan to regain compliance with Nasdaq's Rule 5250(c)(1) on or before September 7, 2022. The Company received an initial notice from Nasdaq, dated April 25, 2022, relating to the Company's failure to timely file its Annual Report on Form 10-K for the fiscal year ended Decem(the 'Form 10-K'), and a subsequent notice from Nasdaq, dated May 24, 2022, relating to the Company's failure to timely file its Quarterly Report on Form 10-Q for the quarter ended Ma(the 'First Quarter Form 10-Q'). supplier of kefir and fermented probiotic products to support the microbiome, today announced that it has received a notice (the 'Nasdaq Notice'), dated August 23, 2022, from The NASDAQ Stock Market LLC ('Nasdaq') indicating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) since it has not yet filed its Quarterly Report on Form 10-Q for the quarter ended J(the 'Second Quarter Form 10-Q') with the Securities and Exchange Commission (the 'SEC'). 24, 2022 /PRNewswire/ - Lifeway Foods, Inc., (the 'Company,' Nasdaq: LWAY), the leading U.S. Marketing and distribution of various financial products such as loans, deposits and Insurance are powered by Finzoomers Services Private Limited.MORTON GROVE, Ill., Aug. Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

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