Its first release, titled In The Junkyard Volume 1, was a compilation consisting of tracks by unsigned Greek bands came out in late Spring 2005.
According to the organization's official website, Spinalonga Records' ultimate goal is to provide the groundwork for a healthy rock scene in Greece.
Spinalonga Records is different from many other similar efforts both in their home country and abroad, in that it was conceived and is run by members of the bands and not by individuals from the music industry.
Spinalonga Records was conceived as an idea in the fall of 2004, when its founding bands met up and discussed the creation of a compilation containing music from Greek groups.
In the fall of 2008, Brant Bjork, drummer of the legendary stoner band Kyuss, was the second foreign act to play in a Spinalonga Records' event.