Leading Brands, Inc. (NASDAQ: LBIX), Canada's largest independent, fully integrated food and beverage brand management company, today announced that it will spin off all of the 7,900,000 shares that it holds in Quick, Inc., to its shareholders, pro rata.

The transaction will be structured in such a way as to not attract any adverse financial or tax consequences for the Company or its shareholders.

In announcing the decision, Ralph McRae, Leading Brands' Chief Executive Officer, stated, "Quick has operated as a separate company for several months now. It has its own experienced management team and a solid business plan. Although it was initially conceived that Quick could operate as an extension of Leading Brands' business, it became readily apparent in recent months that it would be more appropriate for Quick to be owned and operated separately. I hope that our shareholders appreciate this gift of a substantial interest in a great new company."


About Leading Brands, Inc.

Headquartered in Richmond, B.C., Canada, Leading Brands, Inc. is the largest independent food and beverage integrated brand management company in Canada. The Company's unique Integrated Distribution System (IDS) offers turnkey, one-stop shopping to food and beverage brand owners.

About Quick Inc.

An internet-enabled grocery home delivery service located at www.quick.com. Quick offers thousands of brand name items, competitively priced. It takes a shopping chore that usually requires hours and pairs it down to minutes to shop and schedule delivery at a time when its most convenient for consumers to be home to accept it. Quick, Inc. aims to be the first, successful proof of concept in home grocery services and thereafter to build a large and profitable North-America wide business that sets the standard in home replenishment.