Applewoods - appointment of two new executives.

WESTPORT, Conn.--(BUSINESS WIRE)--Oct. 28, 1996--Applewoods Inc. (NASDAQ:APWD) announced the appointment of two new executives.

Graham Cluer has been appointed as vice president-operations. Cluer graduated from University of Bangor, Wales in 1979 with a B.S. (Honors) in Biochemistry. Cluer was employed by Unigate Dairies Limited and after various supervisory roles was promoted to Operations Manager (Production) at Chadwell Heath, UDL's largest production facility. Cluer then joined Associated Diaries (taken over by MD Foods in 1990) in 1988 as Factory Manager (North East) and promoted to Operations Director in 1993 responsible for manufacturing plants at Settle and Kendal. Following the sale of the Kendal plant in 1995, Cluer managed the company's technical function together with the Settle plant and periods at the Bamber Bridge, London and Newcastle factories.

David H. Knight has been appointed as Chief Financial Officer. Knight is a Fellow of the Institute of Chartered Accountants who has worked in the manufacturing industry for 15 years after completing his post qualification experience with Price Waterhouse in 1980. Most recently, he has worked for four years from 1992 as the Financial Director of a large operating division of William Baird plc in the textile industry. He has also had experience as Financial Controller in the plastics and agricultural industries.

Roger M. Buoy, chairman of Applewoods, stated, "I am very pleased to welcome these two new additions to our management team. As we grow, their experience will benefit us greatly as we implement new systems, procedures and operating techniques."

Applewoods is a developer, manufacturer and marketer of all natural soaps, lotions, oils, other toiletries and related gift items for men and women. Applewoods is traded on The Nasdaq SmallCap Market.

CONTACT: Applewoods Inc.

Roger M. Buoy, 203/227-4912