The Spice Depot, Inc.
PINK SHEETS : SDEO

The Spice Depot, Inc.

September 08, 2008 19:31 ET

The Spice Depot Appoints Former Buy-Low President and General Manager Ric Laidlaw to the Office of President and General Manager

LAS VEGAS, NEVADA--(Marketwire - Sept. 8, 2008) - The Spice Depot, Inc. (PINK SHEETS:SDEO) ("Spice Depot" or the "Company"), a provider of all-natural spices and spice blend products and organic herbs, is extraordinarily pleased to announce the appointment of Mr. Ric Laidlaw to the office of President and General Manager.

Just one month after retiring from his position as President and General Manager of Canadian billionaire Jimmy Pattison's privately held Buy-Low Foods Group, Mr. Laidlaw joins the Spice Depot to hands-on lead the Company through an exciting period of growth and increased capitalization.

The appointment of Mr. Laidlaw is of strategic benefit to the Company. The Spice Depot board of directors will rely on his extensive knowledge of both retail and wholesale grocery environments to help the Company realize its business plans.

The appointment of Mr. Laidlaw to the position of President and General Manager facilitates the migration of former President and Director Danny Ferraro, to the seat of Vice Chairman, President New Product Development, Director; and the position of Mr. John Ryan, formerly President Retail Development Worldwide, Director, to President Retail Development Worldwide & Global Sourcing, Director.

"I am thrilled and humbled buy Ric's acceptance of our invitation to become President of this growing Company," says Danny Ferraro. "I have ultimate confidence in his ability at all levels and am very pleased to focus more of my attention on new product and market development - which is how I became involved in the Company in the first place. Connecting new products with opportunity is what I know best. Growing grocery empires is what Ric does best."

Mr. Laidlaw is anxious to postpone retirement indefinitely and jump back into the business as well, adding, "As I return to the world I love, the food business, it is with great pride that I become the President and General Manager of Spice Depot. I look forward to introducing our range of international products to the marketplace."

About Ric Laidlaw

Ric Laidlaw is a 44-year veteran of the grocery industry. He officially retired to leisure at the very top of his game on August 4, 2008. On September 8, 2008 he assumed the Office of President & General Manager of The Spice Depot, Inc.

Leadership comes naturally to Laidlaw who, from 2003 to 2008 in his position as President and General Manager of the Buy-Low Foods Group (billionaire Jimmy Pattison's Buy Low Foods, Westcoast Produce, Associated Grocers, Van-Whole Produce, and Nesters Markets) led the company through a period of rapid growth and acquisition to its current status as Canada's largest food wholesale distributor to the independent grocer.

Prior to Buy-Low Ric was with Cooper's Foods, a chain of community grocery stores located in interior British Columbia, Canada. Ric started with Cooper's as a meat cutter in 1969 and by 1981 was in charge of every store in the province. Jimmy Pattison purchased Cooper's for his Overwaitea Group in 1999, but Ric stayed on as General Manager until 2003 when Pattison offered him the position of President and GM of Buy-Low. From 1964-1969 Ric worked for the venerable Woodward's department store chain on their up-scale food floor, cutting his teeth in the meat department.

Ric Laidlaw is a self-made grocery icon with an international reputation as a natural leader and consensus builder, and as a philanthropist with deep-rooted commitment to community service.

About the Company

The Spice Depot is a provider of all-natural spices and spice blend products and organic 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 $17 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
    Ric Laidlaw
    President & General Manager
    1-800-960-2341