For Further Information:
Scheid Vineyards Inc. (Nasdaq: SVIN)
13470 Washington Blvd.
Marina del Rey, CA 90292
(310) 301-1555
Contact: Shawna
Estrada or Nevena
Orbach
Director of Investor Relations The
Orbach Co., Inc.
Scheid Vineyards Inc. 818-904-0500
310-301-1555
For Immediate Release:
March 26, 2001
SCHEID VINEYARDS NAMES NEW PRESIDENT, CFO
Marina del Rey, CA - March 26, 2001— Scott D. Scheid
has been named President and Chief Operating Officer for Scheid Vineyards Inc.
(Nasdaq: SVIN), according to a statement issued today by the Company’s Chairman
and Chief Executive Officer, Alfred G. Scheid.
Scott Scheid joined Scheid Vineyards in 1986, and has been
serving as its Chief Operating Officer since 1997. He currently serves as a director of the California Association
of Winegrape Growers and was a director of the Monterey County Vintners and
Growers Association.
The Company also announced that Mike Thomsen will assume the
duties of Chief Financial Officer, a position that has been held by Heidi M.
Scheid since 1997. Mr.
Thomsen has been serving as Scheid Vineyards’ Controller since 1997.
Heidi Scheid continues with the Company as Senior Vice
President, Treasurer and member of its Board of Directors. Ms. Scheid also serves as a director of Wine
Market Council, a wine industry association whose goal is to expand the
American wine consumer base.
Scheid Vineyards
Inc. is a leading independent producer of premium wine grapes and operates
approximately 6,000 acres of vineyards, primarily in Monterey County,
California. The Company sells most of its grape production under long-term
contracts to wineries producing primarily premium quality table wines, and the
Company also produces a small amount of ultra premium wine under its own
labels.