Central European Distribution (CEDC) Added to Nasdaq Q-50 Stock Index; Reaffirms FY08-09

September 18, 2008 9:22 AM EDT

Central European Distribution Corporation (Nasdaq: CEDC) will be added to the NASDAQ Q-50 stock index on September 22, 2008. The Index is designed to track the performance of the 50 securities that are next in line to replace the securities currently included in the NASDAQ-100 Index. The NASDAQ Q-50 Index is re-ranked on a quarterly basis.

Chris Biedermann, CFO, commented, "We continue to see strong business fundamentals for us in Poland and Russia and also have seen a strengthening of Polish currency over the last two weeks. Our current debt obligations are predominately long-term and with our strong cash flow generation and acquisition financing completed early this year, we believe our balance sheet is well capitalized to deal with short-term obligations that will arise next year. We also believe we are well positioned to deliver on our previously issued guidance. We therefore reconfirm our full year 2008 net sales guidance of $1.65-$1.80 billion and full year comparable fully diluted earnings per share guidance of $2.75-$2.95. We also reconfirm our full year 2009 net sales guidance of $1.93-$2.03 billion and our full year comparable fully diluted earnings per share guidance of $3.75-$4.00." (FY08 revenue consensus is $1.71 billion and EPS consensus is $2.84; FY09 revenue consensus is $1.98 billion adn EPS consensus is $3.91)

Central European Distribution Corporation (CEDC) is an integrated spirit beverages business. [SM]

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