NEW YORK, NY--(MARKET WIRE)--Sep 4, 2008 -- Bronstein, Gewirtz & Grossman, LLC announces that a class action lawsuit has been filed in the United States District Court for the Eastern District of Michigan against Reddy Ice Holdings, Inc. ("Reddy Ice" or the "Company") (FRZ - News) and various individuals on behalf of purchasers of Reddy Ice who purchased common stock between August 10, 2005 and August 6, 2008 (the "Class Period").

According to the complaint, the true facts, which were known by the defendants but concealed from the investing public during the Class Period, were as follows: (1) that the Company had engaged, and continued to engage, in illicit business practices with its competitors in the packaged ice industry; (2) that the company had joined with its competitors in the packaged ice industry in colluding and agreeing to allocate territories and customers in the United States' packaged ice market; (3) that the Company had agreed with competitors in the industry to fix, raise, maintain and stabilize prices for packaged ice in the United States market; (4) that the Company's revenues had been significantly increased through the use of such illicit business practices; (5) that, as a result, the Company's financial statements were false and misleading at all relevant times; (6) that such illicit business practices, when they were revealed, would initiate an investigation by the federal authorities into the Company's business practices; (7) that the Company lacked adequate internal and financial controls; and (8) that, as a result of the foregoing, the Company's statements about its financial well-being and future business prospects were lacking in any reasonable basis.

No Class has yet been certified in the above action. If you wish to review a copy of the Complaint, to discuss this action, or have any questions, please contact either Peretz Bronstein or Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email eitan@bgandg.com. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. October 7, 2008 is the deadline for investors to seek a lead plaintiff appointment.

Bronstein Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate work, private securities offerings, and securities arbitration.

     Contact:
     Peretz Bronstein or Eitan Kimelman
     Bronstein, Gewirtz & Grossman, LLC
     212-697-6484
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