International Dispensing Corp (fka IDND)

[OCwave]

The Board has named IDC founder, fundraiser and Chairman, Greg Abbott, to serve as
CEO. As the Company’s largest shareholder, Mr. Abbott has agreed to work without salary, at least
until the Company becomes cash flow positive. Due to the large number of projects on the
Company’s plate and their technical complexity, on April 1, 2010 the Company hired Greg Wuttke,
previously a part-time consultant for IDC. Prior to joining IDC full-time, Mr. Wuttke served for six
years as director of sales and marketing for the Morningstar Tomato Company, the world’s largest
and arguably most innovative tomato processor. Regarded as one of the foremost technical experts
in the aseptic bag-in-box industry, and passionate about IDC, Mr. Wuttke has also worked thirteen
years for the Scholle Corporation (the world’s largest bag-in-box company) and TetraPak (the
world’s largest packaging company). In addition to hiring Mr. Wuttke, the Company continues to
utilize strategic consultants to assist in marketing, engineering, and industry relations.