VINT Golden State Vintners (MM)

Schatz & Nobel, P.C. Announces Class Action Lawsuit Against Golden State Vintners, Inc. HARTFORD, Conn., Aug. 23 /PRNewswire/ -- The law firm of Schatz & Nobel, P.C., which has significant experience representing investors in prosecuting claims of securities fraud, announces that a lawsuit seeking class action status has been filed in the United States District Court for the Northern District of California on behalf of all persons who sold the publicly traded securities of Golden State Vintners, Inc. (NASDAQ:VINT) ("Golden State Vintners") between December 23, 2003 and April 23, 2004 (the "Class Period"). The complaint alleges that Defendants made false statements in a December 23, 2003 merger proxy statement in order to keep the price of Golden State Vintners securities artificially low and thus facilitate the company's takeover by the O'Neill Acquisition Co., LLC, an entity controlled by Golden State Vintner's President and Chief Executive Officer, Jeffrey B. O'Neill. If you are a member of the class, you may, no later than October 19, 2004, request that the Court appoint you as lead plaintiff of the class. A lead plaintiff is a class member that acts on behalf of other class members in directing the litigation. Although your ability to share in any recovery is not affected by the decision whether or not to seek appointment as a lead plaintiff, lead plaintiffs make important decisions which could affect the overall recovery for class members, including decisions concerning settlement. The securities laws require the Court to consider the class member(s) with the largest financial interest as presumptively the most adequate lead plaintiff(s). For more information about the case, its claims, and your rights, please contact Schatz & Nobel toll-free at (800) 797-5499, or by e-mail at . To view a copy of the lawsuit initiating the class action, or for more information about class action cases and Schatz & Nobel, please visit our website: http://www.snlaw.net/. CONTACT: Wayne T. Boulton Tel.: (800) 797-5499 Website: http://www.snlaw.net/ e-mail: DATASOURCE: Schatz & Nobel, P.C. CONTACT: Wayne T. Boulton of Schatz & Nobel, P.C., +1-800-797-5499, Web site: http://www.snlaw.net/

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