Centerplate Announces No Role in New Yankee Stadium

STAMFORD, Conn., April 2, 2008 /PRNewswire-FirstCall/ -- Centerplate, Inc.
(Amex: CVP; TSX: CVP.un), was informed today by the New York Yankees that it
will not be the concessionaire for the new Yankee Stadium set to open in 2009.
This does not affect Centerplate's current contract covering the existing
Yankee Stadium, which runs through December 31, 2008. Thus, this decision by
the Yankees is not expected to affect the Company's 2008 financial results.
However, if Centerplate does not obtain new business to offset the impact of
not having a contract to service the new Yankee Stadium in 2009, this loss
will have a material adverse effect on the Company's Adjusted EBITDA beginning
in 2009.
Over the last 12 months, Centerplate has signed over $110 million in
annualized new sales, including the Washington Nationals, who played their
opening game on Sunday, March 30th, the Orange County Convention Center in
Orlando, Florida, which Centerplate will begin operating in August 2008, and
the Louisville Arena, which will come online in 2010. In addition,
Centerplate continues to pursue new business opportunities, including
acquisitions, joint ventures and other transactions to diversify and
strengthen the Company, such as the recently completed Harry's Tap Room
transaction. Although there can be no assurance as to future performance,
Centerplate believes it will be able to continue to carry out its business
strategy.
Forward-Looking Statements
This news release includes forward-looking statements within the meaning
of Section 27A of the Securities Act and Section 21E of the Securities
Exchange Act. These statements may involve risks and uncertainties that could
cause actual results to differ materially from those described in such
statements. Although Centerplate believes that the expectations reflected in
these forward-looking statements are reasonable, the company can give no
assurance that these expectations will prove to have been correct or that they
will occur. Important factors beyond Centerplate's control, including general
economic conditions, consumer spending levels, changing trends in our business
and competitive environment, the company's borrowing capacity and the
provisions of the credit agreement and indenture, adverse weather conditions
and other factors, as well as the risks identified in the company's most
recent annual report on Form 10-K and other filings with the Securities and
Exchange Commission, could cause actual results to differ materially from
Centerplate's expectations. Centerplate undertakes no obligation to update or
review any forward-looking statement, whether as a result of new information,
future developments or otherwise.
Centerplate, Inc., with its principal executive office in Stamford, CT, is
a leading provider of food, merchandise and related services, including
concessions and catering services in approximately 130 sports facilities,
convention centers and other entertainment venues throughout the United States
and Canada. Visit the company online at www.centerplate.com.
For more information please contact:

Gael Doar
Director of Communications
203-975-5941
gael.doar@centerplate.com

SOURCE Centerplate, Inc.

Gael Doar, Director of Communications of Centerplate, Inc., +1-203-975-5941,
gael.doar@centerplate.com