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For Immediate Release:
June 10, 1999
SCHEID
VINEYARDS INC. COMMENTS ON COOL WEATHER
MARINA DEL REY,
CA - June 10, 1999 - Scheid Vineyards Inc. (NASDAQ-NMS: SVIN)
announced today
that continuing cool weather in California may have an adverse effect
on the yields of wine grape vineyards for the upcoming harvest of 1999.
Commenting on the
weather, Mr. Scott D. Scheid, Chief Operating Officer of Scheid Vineyards,
said, "Temperatures in the major grape growing regions of California
have been running well below normal throughout this spring which has
had a negative effect on the potential yield of white grapes, particularly
chardonnay. Red varieties may not be as affected because they develop
later." He went on to say, "It is too early in the year for
reliable crop estimates, but our experience and conversations with other
growers throughout the state leads us to believe that the 1999 harvest
may produce an average to below-average crop. We have no concerns, however,
about quality at this time." Mr. Scheid cautioned that weather
patterns could change and a warming trend throughout the summer months
could significantly improve the crop outlook.
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.
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