IDC Appoints Former SIG Combibloc Executive to its Board of Directors

  IDC Appoints Former SIG Combibloc Executive to its Board of Directors

                          Tom Shaver Joins IDC Team

Business Wire

NEW YORK -- January 10, 2013

International Dispensing Corporation (IDC) (IDND), a leading food-and-beverage
packaging innovator, announced today that Mr. Tom Shaver has joined its
executive management team as a member of its Board of Directors and will help
lead the company’s marketing and business development activities. The addition
of Mr. Shaver, coupled with the Company’s newly appointed Industry Advisory
Board consisting of William Hickey (CEO of Sealed Air Corporation), Markus
Brettschneider (CEO of FrieslandCampina Germany), and Aaron Brody (CEO of
Packaging/Brody, Inc.), brings to the Company world class expertise and
improved operational efficiency.

A highly accomplished sales and marketing executive and successful
entrepreneur, Mr. Shaver spent nearly seven years (2003-2010) at SIG
Combibloc, Inc., one of the world’s leading system suppliers of aseptic carton
packaging and filling machines for beverages and food, with worldwide revenues
of $1.9 billion. As Vice President of Marketing for North and Central America,
Mr. Shaver developed the strategic roadmap and assisted sales teams in the
U.S., Canada, and Mexico to produce record sales for North America. He was
directly responsible for all SIG Combibloc global account management sales
activities for Coca-Cola and PepsiCo, and executed multi-million dollar
equipment and packaging contracts for several key accounts, including Unilever
and Campbell’s Soup Company. In addition, he was a Board Member of the Carton
Council comprised of Tetra Pak, Elopak, Evergreen, and SIG Combibloc.

Prior to working for SIG Combibloc Mr. Shaver held managerial and business
development positions at Red Bull Energy Drink, Vitality Foodservice, Dannon
Yogurt, and Tone’s Spices. Immediately prior to joining IDC, Mr. Shaver was
the co-founder and President of BioBev, LLC, where he established a small team
of industry experts to develop and market Sunkist Energy and Sunkist Protein
under a trademark license agreement from Sunkist Growers, Inc. Mr. Shaver, 45,
received a B.A. degree from the University of Florida and an MBA from the
University of Tampa.

“We are very pleased that Tom Shaver has agreed to become an integral part of
IDC,” said Greg Abbott, Founder and CEO of IDC. “Besides his proven
capabilities in strategic planning, business development, brand management,
key accounts, and negotiations, Tom is a results-driven, collaborative leader
who brings enormous creativity, energy, and integrity. He understands
multinational companies and has an exceptional base of knowledge and
experience combined with a strong entrepreneurial spirit. I am confident that
his contribution will be stellar.”

Abbott continued, “By leveraging the strengths of Mr. Shaver, the Industry
Advisory Board, and our strategic partners, the Company will greatly enhance
its exposure to key decision makers around the globe.”

“I am thrilled to be involved with IDC at this exciting stage in its history,”
said Mr. Shaver. “IDC packaging technologies are truly game-changing, and I
believe it will not be long before the industry will appreciate the immense
amount of groundwork that has been invested to position the company for major
success. I look forward to being part of IDC’s very bright future.”

About International Dispensing Corporation (IDC)

IDC is a packaging research and development company that specializes and
manufactures game-changing innovations for the food and beverage industry.

Contact:

International Dispensing Corporation
Ada Sell, 212-957-9330
asell@idcinnovation.com
 
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