MARINA DEL REY, CA- October 7, 1998 -Scheid Vineyards Inc. (Nasdaq-NMS: SVIN) commented today on the progress of the 1998 harvest as of the third quarter ending September 30, 1998.

Mr. Scott D. Scheid, Chief Operating Officer of the Company, stated, "As of September 30, 1998, we have harvested approximately 7% of our producing acres. This is compared to approximately 63% of our producing acres for the comparable period in 1997. With this year’s harvest running about 4 weeks behind the ‘normal’ schedule, crop sale revenues for 1998 will be almost entirely recognized in the fourth quarter." The Company expects to report its third quarter results on November 10^th.

Mr. Scheid also commented on the Company's stock repurchase program. "Thus far, we have repurchased 194,000 shares in 1998. We instituted the stock repurchase program in July because we felt that at current price levels, it was in the best interests of the Company and our stockholders. Under this program, we have Board of Directors' authorization to purchase approximately 100,000 additional shares."

Scheid Vineyards Inc. is a leading independent producer of premium wine grapes and operates 5,280 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 wines under its own labels.