International Dispensing Company Names Greg Abbott CEO; Charles Dale to Join Board of Directors

  
    
  
  
    
      International Dispensing Corporation (IDC) (IDND.PK) announced today its 
      founder and chairman, Greg Abbott, has been named Chief Executive 
      Officer. IDC’s former CEO, Gary Allanson, 
      remains as President and Chief Operating Officer and continues to play 
      an important role.
    
    
      The change reflects the company’s streamlined 
      business model centered on marketing its core intellectual property, and 
      its new branding campaign: Don’t Call It a 
      Tap™ … Call It The 
      Answer™. For more information on recent 
      marketing developments, please log on to IDC’s 
      redesigned website: www.idcdispensing.com.
    
    
      “We are working with virtually all the major 
      flexible packaging companies while remaining strategically independent,” 
      said Abbott. “We are in continuous discussions 
      with a large number of end-users whom we feel can benefit from The Answer™, 
      and are engaged in several informal alliances to scope out market 
      opportunities domestically and abroad. While strict confidentiality 
      agreements with potential customers and partners prevent us from being 
      more forthcoming, we feel we are positioned so that a single catalyst 
      can propel the company to cash-flow positive. We have signed deals with 
      Steuben Foods and Dale’s Kitchen and we 
      expect their products to be rolled out in 2007. While there are no 
      guarantees, we have good reason to believe that all the years spent 
      developing, patenting, testing, certifying, and commercializing The 
      Answer™ are going to pay off. We continue to 
      believe in the transformational nature of our product and the tremendous 
      upside potential of the large-format flexible packaging category.”
    
    
      Abbott founded IDC in 1996 and became its chairman in 2004. Before his 
      involvement with IDC, he was chairman and CEO of Ithaca Industries, Inc, 
      a private-label manufacturer of pantyhose, men’s 
      and women’s underwear, and T-shirts. Under 
      his leadership, Ithaca grew from a single customer relationship into the 
      nation’s largest private-label producer in 
      each of its product lines, with over 400 customers. In addition, Abbott 
      was the first major investor in EarthLink, the nation’s 
      second largest Internet Service Provider, and played a key role in 
      securing funding leading to EarthLink’s IPO.
    
    
      Charles Dale, award-winning chef and co-founder of Dale’s 
      Kitchen, has been named to IDC’s board of 
      directors. Dale’s Kitchen’s 
      flagship product, Stock in a Box™, was 
      conceived and built around The Answer™ 
      technology. Stock in a Box™ has received the 
      endorsement of legendary chef and James Beard Best Restaurateur in 
      America Daniel Boulud. The appointment of Dale reflects the close 
      working relationship between Dale’s Kitchen 
      and IDC, as well as the unique talents and experience Dale brings to 
      bear. To learn more about Dale’s Kitchen, 
      please log on to its website: www.daleskitchen.com.
    
    
      This release may contain forward-looking statements within the meaning 
      of the Private Securities Litigation Reform Act of 1995. These 
      statements reflect IDC’s current views about 
      future events. Risks, which may cause actual results to differ 
      materially, may include, but are not limited to: the lack of acceptance 
      of IDC’s products by potential customers; IDC’s 
      failure to continue to develop its product line or to attract and retain 
      customers; its failure to anticipate and adapt to developing markets and 
      the presence of competition, including potential competitors that are 
      larger than IDC, with greater financial, technical, and marketing 
      resources.
    
  
International Dispensing Corporation (IDC) (IDND.PK) announced
today its founder and chairman, Greg Abbott, has been named Chief
Executive Officer. IDC's former CEO, Gary Allanson, remains as
President and Chief Operating Officer and continues to play an
important role.

   The change reflects the company's streamlined business model
centered on marketing its core intellectual property, and its new
branding campaign: Don't Call It a Tap(TM) ... Call It The Answer(TM).
For more information on recent marketing developments, please log on
to IDC's redesigned website: www.idcdispensing.com.

   "We are working with virtually all the major flexible packaging
companies while remaining strategically independent," said Abbott. "We
are in continuous discussions with a large number of end-users whom we
feel can benefit from The Answer(TM), and are engaged in several
informal alliances to scope out market opportunities domestically and
abroad. While strict confidentiality agreements with potential
customers and partners prevent us from being more forthcoming, we feel
we are positioned so that a single catalyst can propel the company to
cash-flow positive. We have signed deals with Steuben Foods and Dale's
Kitchen and we expect their products to be rolled out in 2007. While
there are no guarantees, we have good reason to believe that all the
years spent developing, patenting, testing, certifying, and
commercializing The Answer(TM) are going to pay off. We continue to
believe in the transformational nature of our product and the
tremendous upside potential of the large-format flexible packaging
category."

   Abbott founded IDC in 1996 and became its chairman in 2004. Before
his involvement with IDC, he was chairman and CEO of Ithaca
Industries, Inc, a private-label manufacturer of pantyhose, men's and
women's underwear, and T-shirts. Under his leadership, Ithaca grew
from a single customer relationship into the nation's largest
private-label producer in each of its product lines, with over 400
customers. In addition, Abbott was the first major investor in
EarthLink, the nation's second largest Internet Service Provider, and
played a key role in securing funding leading to EarthLink's IPO.

   Charles Dale, award-winning chef and co-founder of Dale's Kitchen,
has been named to IDC's board of directors. Dale's Kitchen's flagship
product, Stock in a Box(TM), was conceived and built around The
Answer(TM) technology. Stock in a Box(TM) has received the endorsement
of legendary chef and James Beard Best Restaurateur in America Daniel
Boulud. The appointment of Dale reflects the close working
relationship between Dale's Kitchen and IDC, as well as the unique
talents and experience Dale brings to bear. To learn more about Dale's
Kitchen, please log on to its website: www.daleskitchen.com.

   This release may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. These
statements reflect IDC's current views about future events. Risks,
which may cause actual results to differ materially, may include, but
are not limited to: the lack of acceptance of IDC's products by
potential customers; IDC's failure to continue to develop its product
line or to attract and retain customers; its failure to anticipate and
adapt to developing markets and the presence of competition, including
potential competitors that are larger than IDC, with greater
financial, technical, and marketing resources.