$18 Million Winery Planned for Greenfield, Calif.

Scheid Vineyards Inc. announced that its Board of Directors has approved the construction of a new winery facility to be located at the Company's vineyard headquarters just off of U. S. Highway 101 on Hobson Avenue near Greenfield, California.

Scott D. Scheid, the company's president and CEO, stated, "We are pleased to announce a decision to build a state-of-the-art winery catering to premium wine customers in the heart of the Monterey County wine grape growing region. The completion of the first phase of the Scheid Winery will result in the capacity to crush approximately 10,000 tons of grapes and will require an estimated investment of $18 to $20 million. The Scheid Winery will operate both as a custom crush facility for present and future winery customers, as well as a wine-making facility for our own grape production. We anticipate the new facility will be in partial operation by the harvest season in the fall of 2005."