Exhibit 99.1

  Central European Distribution Corporation Announces Preliminary First Quarter
                       Results - Diluted EPS Increases 94%

SARASOTA, Florida - April 30, 2003/PRNewswire/ -- Central European Distribution
Corporation (NASDAQ: CEDC) today announced its preliminary financial results for
the first quarter of 2003. Un-audited net income is approximately $1.9 million,
or $0.31 per fully diluted share, compared to $782,000, or $0.16 per fully
diluted share, in the same period of 2002, an increase of 94%. Un-audited net
sales for the first quarter are approximately $79.5 million compared to $42.7
million for the same period in 2002, an increase of 87%. The Company also
announced that it stands by its previously announced full year 2003 net sales of
$415-$420 million and earnings per share of $2.20-$2.25. The Company will file
first quarter 2003 financial results the second week of May.

CEDC is one of the leading importers of beers, wines and spirits, as well as the
largest distributor of domestic vodka on a nationwide basis in Poland. The
Company operates 41 regional distribution centers in major urban areas
throughout Poland. It distributes many of the world's leading brands, including
brands such as Johnnie Walker Scotch, Stock Brandy, Sutter Home, Torres, Mondavi
and Concha y Toro wines, Corona, Beck's, Foster's, Budweiser Budvar and Guinness
Stout beers.

This press release contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Forward-looking statements
involve known and unknown risks and uncertainties that may cause the actual
results, performance or achievements of the Company to be materially different
from any future results, performance or achievements expressed or implied by
forward-looking statements. Investors are cautioned that forward-looking
statements are not guarantees of future performance and that undue reliance
should not be placed on such statements. The Company undertakes no obligation to
publicly update or revise any forward-looking statements or to make any other
forward-looking statements, whether as a result of new information, future
events or otherwise unless required to do so by the securities laws. Investors
are referred to the full discussion of risks and uncertainties associated with
forward-looking statements included in the Company's Form 10-K for the fiscal
year ended December 31, 2002, and other periodic reports filed with the
Securities and Exchange Commission.

For more information, please contact:
James Archbold
Director of Investor Relations
(941) 330-1558
www.ced-c.com