Smart Balance Presented at William Blair Growth Stock Conference

NEW YORK, June 19 /PRNewswire-FirstCall/ -- Smart Balance, Inc. announced that Stephen Hughes, Smart Balance Chairman and CEO, spoke at the 28th Annual William Blair Growth Stock Conference in Chicago, IL, at 4:10 p.m. EDT on Thursday, June 19, 2008.

Speaking to investors at the conference, Hughes reviewed the Company's achievements in the twelve months since the acquisition of GFA Brands, which included the Smart Balance brand with its signature buttery spread products. "We are making great progress on our first major initiative, which is to build distribution from an average of 12 items per store nationally when we first acquired the business in May 2007, to 18 items per store by the end of this month," said Hughes. "With the gain in shelf space together with our efforts to build consumer awareness of the Smart Balance proposition of great taste and heart-healthy benefits, we expect to see acceleration of sales growth in the second half of this year."

As part of the expansion of distribution, the Company has introduced new products, including: buttery spreads with added Omega-3, extra virgin olive oil buttery spreads with Omega-3 and a butter/Smart Balance blend in stick format. These items will be in national distribution by the third quarter of 2008.

Hughes reiterated the Company's three to five year net revenue target of $500 million and a corresponding cash operating income of $100 million. For 2008, net revenues are expected to grow at 30% versus 2007, in-line with the long-term target.

A rebroadcast of the presentation will be available within the investor center of the Company's corporate website, www.smartbalance.com.

FORWARD-LOOKING STATEMENTS

Statements made in this press release that are not historical facts, including statements about the Company's plans, strategies, beliefs and expectations, are forward-looking and subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements may include use of the words "expect", "anticipate", "plan", "intend", "project", "may", "believe" and similar expressions. Forward-looking statements speak only as of the date they are made, and, except for the Company's ongoing obligations under the U.S. federal securities laws, the Company undertakes no obligation to publicly update any forward-looking statement, whether to reflect actual results of operations, changes in financial condition, changes in general economic or business conditions, changes in estimates, expectations or assumptions, or circumstances or events arising after the issuance of this press release. Actual results may differ materially from such forward-looking statements for a number of reasons, including those risks and uncertainties set forth in the Company's filings with the SEC and the Company's ability to:

-- raise prices as fast as commodity costs increase; -- introduce and expand distribution of new products; -- meet marketing and infrastructure needs; -- meet long-term debt covenants; and -- continue to grow net sales.

About Smart Balance, Inc.

Smart Balance, Inc. is committed to providing superior tasting heart healthier alternatives in every category it enters by avoiding trans fats naturally, balancing fats and/or reducing saturated fats, total fat and cholesterol. The company's products include Smart Balance(R) Buttery Spreads, Milk, Butter Blend Sticks, Cream Cheese, Peanut Butter, Microwave Popcorn, Cooking Oil, Mayonnaise, Non-Stick Cooking Spray and Cheese. For more information about products and the Smart Balance(TM) Food Plan, visit http://www.smartbalance.com.

Smart Balance, Inc.

CONTACT: Media, Mark Walsh, Senior Account Supervisor of TBC Public
Relations, +1-646-366-1470, mwalsh@tbc.us , for Smart Balance, Inc.;
Investors, John Mintz of Smart Balance, Inc., +1-201-568-9300,
investor@smartbalance.com

Web site: http://www.smartbalance.com/