Investor Alert: Last Chance, Only Hours Left for Reddy Ice Holdings, Inc. Shareholders to File Lead Plaintiff Application by October 7, 2008 in Securities Fraud Class Action Lawsuit

NEW ORLEANS, Oct 4, 2008 (GlobeNewswire via COMTEX) -- FRZ | Quote | Chart | News | PowerRating -- Kahn Gauthier Swick, LLC ("KGS") reminds shareholders that October 7, 2008 is the deadline to file lead plaintiff applications in a securities fraud class action pending in the United States District Court for the Eastern District of Michigan, on behalf of shareholders who purchased the common stock of Reddy Ice Holdings, Inc. ("Reddy Ice" or the "Company") (NYSE:FRZ) between August 10, 2005 and March 6, 2008, inclusive (the "Class Period"). No class has yet been certified in this action.

If you would like to discuss your legal rights, you may e-mail or call KGS Managing Partner Lewis Kahn, without obligation or cost to you, toll free 1-866-467-1400, ext. 100, via cell phone after hours at 504-301-7900, or by email at lewis.kahn@kgscounsel.com.

Reddy Ice and certain of the Company's officers and directors are charged with making a series of materially false and misleading statements related to the Company's business and operations in violation of the Securities Exchange Act of 1934 (the "Exchange Act"). In particular, the complaint alleges that Reddy Ice violated United States antitrust laws and recognized significant revenues as the result of such illegal activities. On March 6, 2008, Reddy Ice announced that "federal officials executed a search warrant at the Company's corporate office in Dallas" the day before. On March 7, 2008, Reddy Ice shares fell by approximately one-third, closing at $15.38, on extremely heavy volume.

If you wish to serve as lead plaintiff in this class action lawsuit, you must move the Court no later than October 7, 2008. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. If you would like to discuss your legal rights, you may e-mail or call KGS Managing Partner Lewis Kahn, without obligation or cost to you, toll free 1-866-467-1400, ext. 100, after hours via cell phone 504-301-7900, or by email at lewis.kahn@kgscounsel.com. To learn more about KGS, you may visit www.kgscounsel.com. KGS is a law firm focused on securities class action litigation with offices in New Orleans and New York City.

KGS' lawyers have significant experience litigating complex securities class actions. Among other cases, KGS has been appointed Lead or Co-Lead Counsel in the following securities cases: In re: U.S. Auto Parts Networks, Inc. Securities Litigation, C.D. Cal.; In re Optionable, Inc. Securities Litigation, S.D.N.Y.; In re Xethanol Corporation Securities Litigation, S.D.N.Y.; Pixelplus Co. Ltd., S.D.N.Y.; In re Witness Systems Inc. Securities Litigation, N.D. Ga.; Whitney Information Network, M.D. Fla.; Bodisen Biotech, Inc., S.D.N.Y.; Pegasus Wireless Corp., S.D. Fla.; In re Xinhua Finance Media, Ltd. Securities Litigation, S.D.N.Y.; Terayon Comm. Systems Inc., N.D. Cal.; Gaming Partners, D. Nev.; and In re BigBand Networks, Inc. Securities Litigation, N.D. Cal.

SPECIAL NOTICE: KGS encourages you to carefully evaluate any firm you may consider to represent your interests in the Reddy Ice class action. The Private Securities Litigation Reform Act ("PSLRA") permits Reddy Ice shareholders to choose counsel of their choice to prosecute this action. Critical components of a law firm's ability to successfully prosecute this action and obtain a strong recovery for you include the resources it will dedicate to prosecution of the case, including the number of lawyers the firm has available for the Reddy Ice action in particular, AND especially the quality of the firm's work. Interested shareholders are encouraged to call for consultation and to request more information about KGS. While KGS has not filed suit yet, the firm is currently conducting its own investigation of Reddy Ice and invites shareholders to evaluate its complaint when choosing counsel.

More information on this and other class actions can be found on the Class Action Newsline at www.globenewswire.com/ca/

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: Kahn Gauthier Swick, LLC

Kahn Gauthier Swick, LLC Lewis Kahn 1-866-467-1400, ext. 100 Lewis.kahn@kgscounsel.com

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