May 10, 2010 (FinancialWire) — Lifeway Foods, Inc. (NASDAQ: LWAY) said that its board of directors has approved a new share repurchase program of up to 200,000 shares.

Under the program, Lifeway may repurchase up to 200,000 shares of the company's common stock through the open market within a period of one year from the date of the first purchase.

The company said it will use its available cash resources to fund the stock repurchase program.  

Illinois-based Lifeway Foods supplies the cultured dairy product Kefir, and is America's sole supplier of Organic Kefir.

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