Galaxy Nutritional Foods(R) Launches Pre-Packaged Ready-to-Serve Ultra Smoothie(TM) Made with Tropicana(R) Juices and Veggie Milk

Galaxy Nutritional Foods (AMEX: GXY) , a leading producer of nutritious plant- based dairy alternatives for the retail and foodservice markets, announces the launching of its Ultra Smoothie(TM) single-serve product in addition to its dispenser-assisted semi-frozen product into retail channels and food service providers nationwide. The Company expects to begin shipping product as early as October 2002.

The Ultra Smoothie(TM) is a combination of Tropicana(R) fruit juices and Galaxy’s Veggie Milk(TM), the most nutritious milk made from plant proteins, to create the ultimate in taste and nutrition. This new product delivers a complete serving of soy protein, meeting the FDA health claim standard on soy, and 1 1/2 servings of juice in each 8 oz cup. The Ultra Smoothie(TM) is a good source of 9 vitamins and minerals, including 100% of the Daily Value of Vitamin C and 30% of the DV of calcium. It is also a good source of potassium and is low in sodium, meeting the FDA health claim standard for reducing the risk of high blood pressure and stroke. The Ultra Smoothie is low fat; cholesterol, lactose and saturated fat-free; and, is 100% vegetarian (pareve).

“We have worked closely with Tropicana on creating the Ultra Smoothie(TM) made with Tropicana(R) Juices and are very excited to launch this product to retailers and food service providers in North America,” stated Angelo S. Morini, Chairman, President and Chief Executive Officer of Galaxy Nutritional Foods. “We believe that Americans are demanding foods that offer convenience and nutrition and there are few alternatives that are as convenient, healthful and delicious as the Ultra Smoothie(TM). Whether a consumer is on the go or at home, they now have a great-tasting nutritious dairy alternative beverage available in either a grab & go single-serve package or dispensed semi-frozen into a glass.”

Mr. Morini concluded, “Based upon initial market studies and the level of interest from our existing customers for the Ultra Smoothie(TM), we are confident the product will build momentum when introduced in the marketplace.

Frank Hood, Tropicana(R) Licensing Manager stated, “Consumers expect Tropicana(R) to offer great-tasting and nutritious products. Aligning with Galaxy’s Veggie Milk(TM) brand offers us an entry point in this fast-growing soy protein consumer segment. Additionally, this product will expand our reach into new retail and foodservice outlets due to its distinctive packaging and consumer positioning.”