The Spice Depot, Inc.

The Spice Depot, Inc.

November 29, 2006 09:31 ET

The Spice Depot, Inc. Welcomes the Addition of New Executive Management: President/CEO, VP of Product Development and VP of Business Development

BURNABY, BRITISH COLUMBIA--(CCNMatthews - Nov. 29, 2006) - The Spice Depot, Inc. (PINK SHEETS:SDEP), a provider of all-natural premium spices, is pleased to announce the addition of Mr. Adi Muljo as its new President/CEO and Mr. Danny Ferraro as Vice President of Product Development. Mr. Darren Donas, who has provided leadership as President/CEO over the past year, will be assuming the new position of Vice President of Business Development.

Mr. Adi Muljo and Danny Ferraro are no strangers to The Spice Depot, having worked closely with the management team on both an advisory and developmental level since the company's inception (complete Bios are available on the company's web site).

Mr. Adi Muljo holds a B.A. in Economics and M.B.A. in Finance. Between 1971 and 1998, he held various senior positions with The Astra Group, Indonesia's largest conglomerate, as General Manager of its Xerox Division and Managing Director of Inter Delta, Indonesia's sole distributor for Kodak products and Canon cameras. For many years Mr. Muljo traveled extensively, establishing a world-wide network of valuable contacts that he has maintained to this day. Mr. Muljo's extensive sales experience and knowledge of the Spice Islands is seen as an invaluable addition to The Spice Depot's executive management team.

Mr. Danny Ferraro also brings a wealth of experience and will be a valuable asset as the company's new Vice President of Product Development. His extensive knowledge of the grocery and food industry goes back 35 years, having worked within his family owned grocery business which consisted, at its' peak, in over 26 stores. Mr. Ferraro's love for quality food, as well as his knowledge of food science, was instrumental in the development of The Spice Depot's award winning "World's Best Spices / Always Grind Fresh"™ grinder blends. Over time, he has worked closely with our R&D department to develop new and innovative products, and we welcome him to the executive team.

Mr. Darren Donas will continue to provide leadership as Vice President of Business Development. He brings with him a comprehensive knowledge of the company's business and product developments to date, and looks forward to working with Mr. Muljo and the management team to ensure future objectives are met. The board of directors gratefully acknowledges the services of Mr. Donas during his term as President, and his continued involvement on the leadership team.

The Spice Depot is confident that it is well positioned to move forward as a preferred brand and premium supplier of quality spice products.

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Forward-Looking Statements:

Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based largely on current expectations and are subject to a number of known and unknown risks, uncertainties and other factors beyond our control that could cause actual events and results to differ materially from these statements. These statements are not guarantees of future performance, and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Spice Depot, Inc. undertakes no obligation to update publicly any forward-looking statements.

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