For Further Information:
Scheid Vineyards Inc.
(Nasdaq SCM: SVIN)
305 Hilltown Road
Salinas, CA 93908
(831) 455-9990
www.scheidvineyards.com
CONTACT: Scott
Scheid, President and Chief Executive Officer
Mike
Thomsen, Chief Financial Officer
For Immediate Release:
October 21, 2005
SCHEID VINEYARDS INC. RETURNS TO NASDAQ COMPLIANCE
SALINAS, CA – October 21,
2005 - Scheid Vineyards Inc. (Nasdaq SCM:
SVIN) announced today it received a letter from The Nasdaq Stock Market
on October 20, 2005 stating that based upon information provided and actions
taken by the Company, Nasdaq has determined that the Company complies with
Nasdaq’s rules regarding a majority independent board of directors, nomination
of directors, compensation of officers and audit committee composition as set
forth in Marketplace Rules 4350(c)(1), 4350(c)(3), 4350(c)(4) and
4350(c)(d)(2), respectively, and that the matter is now closed. Accordingly, the Company’s Class A common
stock will continue to trade on the Nasdaq Small Cap Market.
Scheid Vineyards Inc. (www.scheidvineyards.com) is an
independent producer of premium wine grapes and bulk wine. The Company operates approximately 5,700
acres of vineyards, primarily in Monterey County, California. The Company sells
most of its grape production under short and long-term grape and bulk wine
contracts to wineries producing high quality table wine. The Company also operates a winery with an
approximately 10,000 ton processing capability in which the Company produces
bulk wine, as well as a small amount of ultra premium wine under its own label.