Scheid Vineyards Inc. Reports Year End Results

SALINAS, Calif., May 18 /PRNewswire-FirstCall/ -- Scheid Vineyards Inc.
announced today its financial results for the year ended February 28, 2009.

Mike Thomsen, Chief Financial Officer, reported, "Losses from operations for
the year ended February 28, 2009 totaled $4.8 million ($4.86 per share).
After adjustments for a benefit from income taxes ($2.1 million) and a
decrease in the market valuation of an interest rate swap ($1.3 million), the
net loss for the year was $4.0 million ($4.06 per share)."

Mr. Thomsen also reported, "Revenues for the period totaled $24.8 million and
consisted primarily of grape and bulk wine sales and wine processing and
storage fees. Revenues were offset by cost of sales of $18.8 million,
selling, general and administrative expenses of $7.2 million, and interest
expense of $3.6 million."

Mr. Thomsen continued, "The year ended February 28, 2009 is the first full
reporting period since the Company changed its fiscal year end from December
31 to February 28. The change in fiscal year end was made in order to report
financial results in a manner more consistent with the Company's revenue
cycle, as sales of bulk wine continue to replace wine grapes in the Company's
sales mix."

Scott Scheid, CEO, commented on the loss, "The primary cause of the loss for
the year was a major decrease in grape production in the Company's vineyards.
Tonnage harvested this year was down over 26% from the Company's 5-year moving
average and about 11% below the harvest of 2007. This significant decrease in
the size of the crop was primarily due to adverse weather conditions in the
spring and early summer of 2008."

Scheid Vineyards Inc. (www.scheidvineyards.com) operates approximately 5,300
acres of premium wine grape vineyards, primarily in Monterey County,
California. The Company's state-of-the-art winery commenced operations in
2005 and has the capacity to process approximately 30,000 tons of grapes each
harvest. The Company's primary business is producing wine grapes and
converting them into high quality bulk wine for sale to other wineries. In
addition, the Company produces ultra premium wine under the Scheid Vineyards
label, which is sold through the Company's tasting rooms, wine club, and
Monterey, California area retailers.

The Class A Common Stock of Scheid Vineyards is traded on the Pink Sheets
Electric Quotation Service under the stock symbol SVIN. The "Pink Sheets" is
a centralized quotation service that collects and publishes market maker
quotes in real time, primarily through its website, www.pinksheets.com.

This release contains forward-looking statements as well as historical
information. Statements of goals and strategies and words such as "plan",
"believe", "anticipate", "expect", "objectives", "forecast", and "predict" and
other similar words are intended to identify forward-looking statements.
These forward looking statements are included in accordance with the "safe
harbor" provisions of the Private Securities Litigation Reform Act of 1995,
and involve risks, uncertainties and other factors that may cause the
Company's actual results, performance, or financial condition to be materially
different from any results, performance, or financial condition suggested by
the statements in this release.

SCHEID VINEYARDS INC. AND SUBSIDIARY
CONSOLIDATED STATEMENT OF OPERATIONS
YEAR ENDED FEBRUARY 28, 2009
(amounts in thousands, except per share data)

REVENUES:
Bulk wine sales $11,647
Grapes sales 6,478
Winery processing and storage revenues 4,882
Vineyard management, services and other fees 1,008
Direct sales revenues 781
---
Total revenues 24,796
COST OF SALES 18,754
------
GROSS PROFIT 6,042
General and administrative expenses 5,921
Selling expenses 1,299
Write down of vineyard improvements 61
Gain on sale of property, plant and equipment (24)
Interest expense, net 3,604
Market adjustment for interest rate swap 1,325
-----
LOSS BEFORE BENEFIT FROM INCOME TAXES (6,144)
BENEFIT FROM INCOME TAXES 2,117
-----
NET LOSS $(4,027)
=======
NET LOSS PER SHARE:
BASIC $(4.06)
======
DILUTED $(4.06)
======
WEIGHTED AVERAGE SHARES OUTSTANDING:
BASIC 991
===
DILUTED 991
===

SOURCE Scheid Vineyards Inc.

Scott Scheid, President and CEO, or Mike Thomsen, Chief Financial Officer,
both of Scheid Vineyards Inc., +1-831-455-9990