For Further Information:

Scheid Vineyards Inc.

305 Hilltown Road

Salinas, CA 93908

(831) 455-9990

CONTACT: Scott Scheid, President and CEO

Mike Thomsen, Chief Financial Officer

For Immediate Release:

March 14, 2007

SCHEID VINEYARDS INC. REPORTS YEAR END RESULTS

; Yields up 50%

SALINAS, CA – March 14, 2007 - Scheid Vineyards Inc. announced today its financial results for the year ended December 31, 2006.

Financial Results

Total revenues for the year ended December 31, 2006 totaled $30.1 million, compared to $31.2 million for the same period of 2005. Net income for the year ended December 31, 2006 was $1.1 million ($1.12 per share), compared to $4.4 million ($4.09 per share) in 2005.

Mike Thomsen, Chief Financial Officer, stated, “Although grape sale revenues decreased by approximately 25% to $16.4 million in 2006 from the record level harvest of 2005, bulk wine revenues increased 45% to $9.0 million, and winery processing revenues increased 118% to $3.1 million in 2006. It should be noted that the profit results for the 2006 period included the costs of the settlement of a lawsuit in the amount of $1.0 million, and $1.3 million of additional interest expense as the result of additional borrowings used to finance the construction of the Company’s winery. The 2005 period reflects a gain of $0.9 million from the sale of vineyard land and certain equipment.”

Scott Scheid, President and Chief Executive Officer added, “The Company’s new winery facility operated at near capacity in its second year of operations and processed grapes for winery customers as well as the Company’s own grape production. Construction is underway to expand the facility from its current 18,000 ton crush capacity to 30,000 tons of crush capacity in time for the 2007 harvest.”

About Scheid Vineyards Inc.

Scheid Vineyards Inc. (www.scheidvineyards.com) is an independent producer of premium wine grapes and bulk wine. The Company operates approximately 5,300 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 approximately 18,000 tons of processing capability. The Company produces bulk wine, as well as a small amount of ultra premium wine under its own label. 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.

Forward Looking Statements

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.