Scheid Vineyards Inc. Reports 3rd Quarter Results

Mike Thomsen, Chief Financial Officer, reports, "Losses from continuingoperations for the nine months ended September 30, 2007 totaled $1.6 million($1.54 per share), compared to a loss of $1.6 million ($1.60 per share) forthe same period in 2006. Early in 2007, the Company sold a 360-acre vineyard,resulting in a one-time gain of $4.2 million. After reflecting the gain onthe vineyard sale, taxes on the gain, and other non-operational items, netincome for the nine months ended September 30, 2007 was $1.1 million($1.10 per share), compared to a net loss of $1.0 million ($1.00 per share) in2006."

Mr. Thomsen continued, "Revenues for the nine months ended September 30,2007 increased to $19.2 million from $15.6 million for the same period in 2006(23%). This increase was driven primarily by sales of bulk wine and otherrevenues generated by the Company's winery. These increases were partiallyoffset by a decrease in grape sales, primarily because the Company converted80% of its third quarter grape production into bulk wine in 2007, as comparedto only 38% in the third quarter of 2006."

Looking at the 2007 harvest as a whole, Mr. Thomsen stated, "The Company's2007 harvest was completed in early November. Yields in the Company'svineyards, and throughout the state of California, were lower than those of2006 and 2005. These lower yields and the sale of the 360-acre vineyard,combined to decrease the 2007 harvest to 17,000 tons, as compared to22,800 tons in 2006, a 25% reduction."

Scheid Vineyards Inc. () operatesapproximately 5,300 acres of premium wine grape vineyards, primarily inMonterey County, California. The Company is in the business of selling grapesand bulk wine to wineries producing high quality table wine. The Company alsooperates a winery that has approximately 30,000 tons of annual processingcapability in which it crushes grapes for its own account, as well as forwinery customers. The Company also produces a small amount of ultra premiumwine under the Scheid Vineyards label, which is sold through the Company'stasting room, wine club, and local-area retailers. The Class A Common Stockof Scheid Vineyards is traded on the Pink Sheets Electric Quotation Serviceunder the stock symbol SVIN. The "Pink Sheets" is a centralized quotationservice that collects and publishes market maker quotes in real time,primarily through its website, .

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

                     SCHEID VINEYARDS INC. AND SUBSIDIARY                    CONSOLIDATED STATEMENTS OF OPERATIONS                (amounts in thousands, except per share data)                                 (Unaudited)                                     Three Months Ended     Nine Months Ended                                       September 30,          September 30,                                     2007         2006      2007         2006    REVENUES:      Bulk wine sales              $1,102         $912    $13,890      $8,303      Grape sales                   1,897        4,895      1,897       4,895      Winery processing and       storage revenues             1,298          862      2,365       1,322      Vineyard management,       services and other fees        265          281        661         690      Tasting room revenues           152          146        411         360        Total revenues              4,714        7,096     19,224      15,570    COST OF SALES                   3,065        4,971     14,089      10,227    GROSS PROFIT                    1,649        2,125      5,135       5,343      General and administrative       expenses                     1,500        1,513      4,594       4,689      Selling expenses                 96          135        374         446      Write-down of vineyard       improvements                    --           --        256         120      Interest expense, net           633          651      1,738       1,849      Market adjustment for       interest rate swap             425           --        425          --      (Gain) loss on sales of       land and equipment              (3)         (13)    (4,136)        (20)    INCOME (LOSS) BEFORE PROVISION     FOR (BENEFIT FROM)     INCOME TAXES                  (1,002)        (161)     1,884      (1,741)    PROVISION FOR (BENEFIT FROM)     INCOME TAXES                    (405)         (66)       763        (714)    NET INCOME (LOSS)               $(597)        $(95)    $1,121     $(1,027)    NET INCOME (LOSS) PER SHARE:      BASIC                        $(0.58)      $(0.09)     $1.10      $(1.00)      DILUTED                      $(0.58)      $(0.09)     $1.09      $(1.00)    WEIGHTED AVERAGE SHARES     OUTSTANDING:      BASIC                         1,023        1,024      1,023       1,026      DILUTED                       1,023        1,024      1,026       1,026