The Spice Depot, Inc.

The Spice Depot, Inc.

May 13, 2008 14:33 ET

The Spice Depot Appoints Former Assistant US Attorney Richard A. Stanley, Esq. to its Board of Directors

BURNABY, BRITISH COLUMBIA--(Marketwire - May 13, 2008) - The Spice Depot, Inc. (PINK SHEETS:SDEO) ("Spice Depot" or the "Company"), a provider of all-natural and organic spices and spice products, is extraordinarily pleased to announce the appointment of Richard A. Stanley, Esq. to its Board of Directors.

The appointment of Mr. Stanley is of strategic benefit to the Company as it grows its North American and global presence. The Company will rely on Mr. Stanley's extensive knowledge of US law and regulatory environments to help negotiate what is expected to be an accelerated period of growth and increased capitalization.

"We are honored to have someone of Mr. Stanley's wisdom and experience join The Spice Depot board," says Company President Danny Ferraro, "Notwithstanding the fact that his knowledge and depth of influence within the legal realm cannot be underestimated, he is already an enthusiastic contributor to our strategic development team as well."

Mr. Stanley served as an Assistant United States Attorney for the Southern District of New York, Criminal Division, where he worked under then United States Attorney Rudolph W. Giuliani. He also served as an Assistant United States Attorney for the District of Columbia, Civil Division, where he represented various federal agencies in complex regulatory and enforcement matters, including the Department of Defense, the Central Intelligence Agency, the Environmental Protection Agency and the Department of Transportation.

As government counsel, he also represented, in the capacity of General Counsel, the Pennsylvania Avenue Development Corporation, a quasi-public entity created by Congress to rehabilitate the corridor between Capitol Hill and the White House. After his government service, Mr. Stanley practiced law with the international firm of Sidley Austin where he specialized in internal company investigations and was a member of the Business Advisory Group for the firm's New York Office. Mr. Stanley earned his undergraduate degree from Yale University and his law degree from the Georgetown University Law Center.

"It is a privilege to sit on The Spice Depot board," says Mr. Stanley. "I was introduced to the Company by long-time friends and fellow board members John Novak (Chairman) and Adi Muljo (CEO). I am a big believer in the benefits of natural and organic products and I look forward to playing an integral part in the Company's growth plan."

About the Company

The Spice Depot is a provider of all-natural and organic spices, spice products and herbs to the supermarket and grocery, retail, wholesale and food services industries. The Company is best known for their grinder-top glass bottles of premium spices and spice blends grown primarily by boutique farmers on the spice islands but also Southern Asia, Africa and North America and packaged on-site in the company's organic-certified processing and packaging facility in Indonesia. A relative newcomer to the spice industry, The Spice Depot remains singularly focused on the USD $10.8 billion global spice market.

Forward Looking Statements: This release contains "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be "forward looking statements". Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through the use of words such as "expects", "will", "anticipates", "estimates", "believes", or statements indicating certain actions "may", "could", or "might" occur.

Contact Information

  • The Spice Depot, Inc.
    Danny Ferraro
    Connect Capital
    Investor Relations