The Spice Depot, Inc.

The Spice Depot, Inc.

April 16, 2007 09:30 ET

The Spice Depot, Inc.: Corporate Update

BURNABY, BRITISH COLUMBIA--(CCNMatthews - April 16, 2007) - The Spice Depot, Inc. (PINK SHEETS:SDEP) (the "Company") announces that major Company shareholders have joined with the board and management in order to enhance the Company's financial capabilities and to enhance its ongoing ability to service customers. These shareholders have been advancing funds and contributing other resources to assist the growth needs and business objectives of the Company. In order to invigorate the Company for its next stage of development the board, management and major shareholders have determined to enhance the Company's management and reorganize capital structure in order to better permit the Company to achieve its financial and business goals.

As a first step in enhancing the Company's capabilities, the following have been appointed as board members and officers:

John Novak - Chairman and Director

Adi Muljo - President and Director

Danny Ferraro - Senior Vice-President Operations and Director

Darrel Bowen - Director

Peter Jensen - Director

Darren Donas - Vice-President Business Development

Management has accomplished significant results to date with resources at hand and has commenced active sales with retailers. First significant orders have been delivered and re-orders are occurring.

Further reports and news updates will be issued to shareholders as results of sales and results of the reorganization developments occur.

Contact Information