November 22, 1999
Orlando, FL

Contact: Bill Crooks
(407) 855-5500, extension 210

GALAXY FOODS COMPANY ANNOUNCES LAUNCH OF REVOLUTIONARY "ULTIMATE SMOOTHIE" PRODUCT LINE

ORLANDO, FLORIDA (November 22, 1999) - Galaxy Foods Company (AMEX:GXY) today announced the introduction of "The Ultimate Smoothie Line" product featuring Smoothie Bars, available in three flavors: Chocolate Raspberry, Lemon Meringue, and Chocolate Fudge; and Smoothie Powder Mixes, available in Fresh Strawberry, French Vanilla, and Chocolate Fudge. Galaxy's Smoothie products offer consumers a delicious and appetizing way to incorporate soy as part of their daily diet.

Angelo Morini, president of Galaxy Foods stated, "After years of research we are proud to introduce our innovative new Ultimate Smoothie line. Smoothie Bars and Powder Mix are full of powerful phytonutrients, vitamins, minerals and calcium, and isolflavones derived exclusively from soy protein. In addition Smoothie Bars and Powder Mix are lactose free and cholesterol free. We are exited about producing a nutritious, great tasting way to incorporate soy protein in any diet."

These great tasting soy protein Powder Mixes and Smoothie Bars are natural, cholesterol free, lactose free, fat free (Powder Mixes), low fat (bars). Recently the FDA announced that "25 grams of soy protein per day, as part of a diet low in saturated fat and cholesterol may reduce the risk of heart disease." All Ultimate Smoothie Products provide more than 6.5 grams of soy protein per serving. Smoothie Bars and Powder Mixes are now available in GNC stores throughout the United States.

Galaxy Foods Company is the leading producer of health-promoting dairy and dairy-related alternatives for the retail, foodservice, and industrial markets. These plant-based products, which are low or no fat (no saturated fat), have no cholesterol and no lactose and contain more vitamins and minerals than conventional dairy products, are part of the nutraceutical or functional food category, the fastest growing segment of the retail food market. The Company also markets conventional dairy products for all three channels of distribution. Galaxy brand names include Veggie Slices, Veggie Milk™, formägg®, Soyco®, Soymage®, Wholesome Valley®, and Lite Bakery®. For more information, contact Bill Crooks at (407) 855-5500, extension 210. You may also obtain more information from Galaxy's web site at www.galaxyfoods.com. and Veggieforlife.com.

This press release contains "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties, or other factors which may cause actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place any undue reliance on those forward-looking statements which speak only of the date hereof. The company undertakes no obligation to release publicly any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect unanticipated events or developments.