STAMFORD, Conn., Oct. 30 /PRNewswire-FirstCall/ -- Centerplate, Inc. (Amex: CVP; TSX: CVP.un), announced today that a cash payment of U.S. $0.064 per Income Deposit Security will be payable on November 20, 2008 to holders of record of Income Deposit Securities at the close of business on November 10, 2008. Each of the Income Deposit Securities issued by the company is comprised of one share of common stock and a subordinated note. The payment of U.S. $0.064 reflects an interest payment on the subordinated note for the monthly period beginning October 20, 2008 and ending November 19, 2008 as provided in the subordinated notes. As previously announced, the company's senior credit facility requires the company to defer interest on the subordinated notes following the November 20th payment until the closing of the transaction with Kohlberg & Company. Deferred interest, and interest accrued thereon, will be paid on the closing date of the transaction. Forward-Looking Statements This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Although Centerplate believes that the expectations reflected in these forward-looking statements are reasonable, the company can give no assurance that these expectations will prove to have been correct or that they will occur. Important factors beyond Centerplate's control, including general economic conditions, the outcome of the company's contemplated merger agreement, consumer spending levels, changing trends in our business and competitive environment, the company's borrowing capacity and the provisions of the credit agreement, the provisions of its indenture, adverse weather conditions and other factors, as well as the risks identified in the company's most recent annual report on Form 10-K, preliminary Proxy Statement, and other filings with the Securities and Exchange Commission, could cause actual results to differ materially from Centerplate's expectations. Centerplate undertakes no obligation to update or review any forward-looking statement, whether as a result of new information, future developments or otherwise. For more information please contact: Gael Doar Director of Communications 203-975-5941 Centerplate, Inc., with its principal executive office in Stamford, CT, is a leading provider of food, merchandise and related services, including concessions and catering services in approximately 130 sports facilities, convention centers and other entertainment venues throughout the United States and Canada. Visit the company online at http://www.centerplate.com/. DATASOURCE: Centerplate, Inc. CONTACT: Gael Doar, Director of Communications, Centerplate, Inc., +1-203-975-5941, Web site: http://www.centerplate.com/

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