Suprema Specialties, Inc. (Nasdaq: CHEZ) announces Paul Lauriero, Co-founder, Executive Vice President and Director of the Company unexpectedly passed away on August 27, 2001. Mr. Lauriero had been a Director of the Company since its inception in 1983 and Executive Vice President of the Company since February 1991. The Company had employed Mr. Lauriero in various capacities from its inception. Mr. Lauriero was previously co-owner of Long Island Diary Distributors, Inc. from 1975 to December 1986. The Company wishes to express its condolences to the family. Mark Cocchiola, President and CEO will assume Mr. Lauriero’s duties.

About Suprema Specialties, Inc.

Suprema Specialties, Inc. manufactures, shreds, grates and markets gourmet all natural Italian variety cheeses under the Suprema Di Avellino® brand name as well as under private label. Suprema’s product lines consist primarily of domestic mozzarella, ricotta and provolone cheeses, grated and shredded parmesan, romano cheeses, and imported parmesan and pecorino romano cheeses, including “lite” versions of certain of these products containing less fat, and fewer calories. The Company operates facilities in New Jersey, New York, California and Idaho. The Company supplies cheeses to foodservice, retail, and food manufacturing companies.

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The information provided in this Press Release contains forward-looking statements that involve risks and uncertainties more fully set forth in the Company’s filing. The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made. Statements made in this Press Release that are not historical facts are forward looking statements that are subject to the safe harbor created by the Private Securities Litigation Reform Act of 1995. The Company’s actual results could differ significantly from those discussed and/or implied herein.

     For More Information, Contact:
Mark Cocchiola, President and CEO
Steven Venechanos, CFO (973) 684-2900
Jim Drewitz, Public Relations (972) 355-6070
Kevin McGrath, Investor Relations (212) 245-8800