Centerplate Responds to Inquiries Concerning Market Activity

    STAMFORD, Conn., March 21 /CNW/ -- Centerplate, Inc. (Amex:   CVP)(TSX:
CVP.un) responded today to inquiries concerning unusual market activity of its
income deposit securities (IDSs).  The company believes that this activity may
have been influenced by a recent article in Sports Business Journal.  The
article reported unnamed "industry sources" saying that the Yankees plan to
"sever ties" with Centerplate with respect to the new stadium and to take a
more active role in operating concessions at the new stadium.  The article
also quoted Yankees President Randy Levine as saying, "We haven't made a
decision."  Centerplate reiterated today that its current contract with the
New York Yankees covers the existing Yankee Stadium which is expected to be in
operation through 2008.
    "Centerplate has strong momentum across its business," noted CEO Janet L.
Steinmayer.  She added, "We recently reported very good fourth quarter and
2006 year-end results, with strong sales and earnings growth for the year.  Of
course, there is always a risk that any contract in our portfolio will not be
extended beyond its scheduled expiration.  However, we are focused on using
our more than 40 years of experience to provide excellent service to all of
our clients.  At the same time, we are pursuing a broad range of opportunities
to partner with clients in increasing sales and continuing to grow our
business in new ways.  We believe we are taking the steps necessary to best
position the company for the future."

    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, adverse weather conditions and other factors, as
well as the risks identified in our most recent annual report on Form 10-K,
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., is a leading provider of catering, concessions,
merchandise and facilities management services for sports facilities,
convention centers and other entertainment venues. Visit the company online at

For further information:

For further information: Gael Doar, Director of Communications of 
Centerplate, Inc., +1-203-975-5941, Web Site:

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