SOURCE: Who's Your Daddy, Inc.

December 05, 2007 08:30 ET

Who's Your Daddy, Inc. Announces Program to Raise Over $6 million in Capital

Investment Banking Consultant Engaged to Raise Funds and Position Company for Growth

SAN DIEGO, CA--(Marketwire - December 5, 2007) - Who's Your Daddy, Inc. (OTCBB: WYDIE) today announced that it has engaged an established investment banking consultant to assist the Company in raising at least $6 million of capital to provide the Company with the funds needed to achieve its potential.

This investment banking consultant has extensive experience in the beverage industry, has raised millions in capital and has been CEO of a number of companies that have gone from start-up phase to strong successes.

"Despite our recent liquidity squeeze and stock price drop, our Company holds a strong position and a strong brand in the high-growth energy drink market," noted Edon Moyal, CEO of Who's Your Daddy. "We are fortunate to find an investment banking consultant who not only understands our markets and current position, but who also has strong industry contacts to allow us to expand our distribution network, raise funds and gain revenues. We fully expect to raise the capital needed to resume our growth and to use his industry contacts to reach the next level of growth that we know is within our grasp with the right capital and contacts."

About Who's Your Daddy, Inc.

Who's Your Daddy, Inc. is a brand management company focused on the marketing, production and distribution of the "Who's Your Daddy®" "King of Energy™" line of beverages for the rapidly growing $5 billion U.S. energy drink market. We currently hold trademarks for a variety of products worldwide. Who's Your Daddy, Inc. stock is traded publicly under the "WYDI" ticker symbol. For more information, go to (www.whosyourdaddyinc.com; www.kingofenergy.com). The Company's blog site is at www.kingofbloggers.com

This document contains "forward-looking statements" related to future events. Forward-looking statements often address our expected future business and financial performance, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," or "will." Forward-looking statements by their nature address matters that are uncertain. Particular uncertainties which could adversely or positively affect our future results include: consumer tastes, availability of production, liquidity, general economic conditions, and the activities of competitors. These uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.

Contact Information

  • Contact:
    Who's Your Daddy, Inc.
    Dan Fleyshman
    President
    760-438-5470
    Email Contact