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:

June 4, 2007

SCHEID VINEYARDS INC. REPORTS 1^st QUARTER RESULTS

SALINAS, CA – June 4, 2007 - Scheid Vineyards Inc. announced today its financial results for the first quarter ended March 31, 2007.

Financial Results

Mike Thomsen, Chief Financial Officer, reports, “Revenues for the three months ended March 31, 2007 increased to $10.1 million from $7.0 million for the same period in 2006, primarily due to increased sales of bulk wine. Margins were lower for wine sold in 2007, which was primarily wine produced in 2006, than margins for wine sold in 2006, which was primarily wine produced in 2005. Yields of the 2005 harvest were at record levels, resulting in lower production costs per unit of bulk wine. As a result, gross profit for the three months ended March 31, 2007 totaled $2.8 million, as compared to $3.2 million in the 2006 period.”

Mr. Thomsen continued, “For the three months ended March 31, 2007, income from operations totaled $0.3 million, compared to $0.8 million for the 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 on the vineyard sale and income taxes on net profits, net income for the three months ended March 31, 2007 was $2.6 million ($2.57 per share), compared to $0.5 million ($0.45 per share) in 2006.”

Winery Construction

Scott Scheid, President and Chief Executive Officer added, “Construction of the second phase of the Company’s winery facility is proceeding on schedule. This expansion will increase capacity from a current 18,000 tons of processing capability to approximately 30,000 tons and will be completed in time for the 2007 harvest.”

About Scheid Vineyards Inc.

Scheid Vineyards Inc. (www.scheidvineyards.com) operates approximately 5,300 acres of premium wine grape vineyards, primarily in Monterey County, California. The Company is in the business of selling grapes and bulk wine to wineries producing high quality table wine. The Company also operates a winery that currently has approximately 18,000 tons of annual processing capability, an amount that will increase to approximately 30,000 tons upon completion of ongoing construction, in which it crushes grapes for its own account, as well as for outside wineries. The Company also produces a small amount of ultra premium wine under the Scheid Vineyards label, which is sold through the Company’s tasting room, wine club, and local-area retailers. 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.