STAMFORD, Conn., April 29 /PRNewswire-FirstCall/ -- Centerplate, Inc. (Amex: CVP; TSX: CVP.un), announced today that a cash payment of U.S. $0.13 per Income Deposit Security will be payable on May 20, 2008 to holders of record of Income Deposit Securities at the close of business on May 9, 2008. Each of the Income Deposit Securities issued by the Company is comprised of one share of common stock and a subordinated note. The total payment of U.S. $0.13 reflects a cash dividend of U.S. $0.066 per share of common stock for the monthly period beginning April 20, 2008 and ending May 19, 2008 and includes an interest payment of U.S. $0.064 for the monthly period beginning April 20, 2008 and ending May 19, 2008 as provided in the subordinated notes. As the Company previously announced, it obtained an amendment to its senior credit facility on April 1, 2008, permitting the Company to pay dividends and interest on its subordinated notes through May 2008. The Company is exploring its options to enable it to support its long-term growth objectives and will disclose its plans when they are finalized. 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, consumer spending levels, changing trends in our business and competitive environment, the company's borrowing capacity and the provisions of the credit agreement, including the outcome of negotiations to amend its terms, 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 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. 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/. For more information please contact: Gael Doar Director of Communications 203-975-5941 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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