December 9, 1996
Orlando, Florida
ORLANDO, FLORIDA (December 9, 1996) -- Galaxy Foods Company (Nasdaq:
GALX) today announced its continued expansion of export sales adding new retail
customers in Israel, Costa Rica and Guatemala. These countries are in
addition to England,
Canada, Puerto Rico and the Bahamas where the Company has enjoyed steady
sales for quite some time.
"We are very excited to be expanding our international markets. At present,
export sales represent 15% of our total sales", said Angelo S. Morini,
Galaxy's Chairman and President. "In Israel, our parve kosher cheese and
cheese related products represent the largest and finest line of this type in
the world. Since introducing these retail products in Israel, we've received
numerous inquiries from Israeli foodservice companies who are also interested
in supplying these parve kosher products. We fully expect to expand our
presence in Israel and other international markets and steadily grow export
sales as a percentage of our business," Morini concluded.
Galaxy Foods Company produces a complete line of healthy cheese and cheese
related products for the retail, food service and industrial markets. Galaxy
Foods is the inventor and originator of form�gg�, perfectly balanced
nutritional products which are low in fat, have no cholesterol and no lactose
and contain more vitamins and minerals than conventional cheese. Other
brands names include Soyco�, Soymage� and Lite Bakery� For more information,
contact Rebecca Barksdale at 407-855-5500,extension 105.
