Exopolysaccharide (EPS) and lactic acid production by two strains of L. delbruckii subsp. bulgaricus (133, G 12) and three strains of S. thermophilus (W22, T8, T12) were investigated. Exopolysaccharides and lactic acid production by these strains were determined by a spectrophotometric method in MRS/M17 broth medium and different sugarbeet molasses concentrations (1-5 % w/v concentration [1 -5 g molasses/ 100 mL water]) for different periods (24-48 h). The yield of exopolysaccharide and lactic acid, produced by the strains, ranged between 65-290 mg/L and 4.6-10.8 mg/mL respectively. It was observed that EPS production by these strains increased by increasing the molasses concentration, while lactic acid production by these strains decreased by increasing the molasses concentration.