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Scheid
Vineyards Inc. (Nasdaq: SVIN) CONTACT:
Shawna Estrada, Director of Investor Relations For
Immediate Release: May
24, 2000 SCHEID VINEYARDS AWARDS $10,000 TO SCHOLARSHIP
RECIPIENTS Marina del Rey, CA May 24, 2000 Scheid Vineyards Inc. (Nasdaq: SVIN)
awarded $10,000 in scholarship money to the King City High School
winners of its annual writing contest. Scheid Vineyards has conducted the Scheid Writing
Contest for 12 years and has awarded over $100,000 to scholarship recipients. Participants of the Scheid Writing Contest must write an essay on a given
topic. This year, students were
asked to research and discuss the contributing factors and possible
solutions to school violence. Alfred G. Scheid, President and CEO, commented, “We began this scholarship
program in 1989 and have found it to be an excellent way of supporting
our local-area youth and giving back to our community. To know that we have aided students in their
quest to attend college is a great feeling.”
Al Scheid also personally sponsors a similar contest in his birthplace
of Bridgeport, Ohio. 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. # # # # # # # |