Let's add an important note to the brief, on the meaning of "eSpice". First, Spice stands for spices (italianized, singular), the food ingredients.
Just like spices adds value to a dish (better flavour, richer texture, stronger colours... heightened sensual stimulation) we want to add spices to the way our customers communicate with their markets.
Therefore it would be better to write "Spice" as a word, with the uppercase initial and the rest in lowercase, and the "e" prefix in lowercase. So it's eSpice, like for eMail, eBusiness, eCommerce, ...
Also a graphical logo can help to hint the concept.