SOURCE: Who's Your Daddy, Inc.

October 29, 2007 14:57 ET

Who's Your Daddy Provides Update on One-for-Six Reverse Stock Split

Reverse Split Effective Date Is October 30, 2007 With New Ticker WYDI

SAN DIEGO, CA--(Marketwire - October 29, 2007) - Who's Your Daddy®, Inc. (OTCBB: WYDY) today provided an update on the one-for-six reverse stock split. The reverse stock split will become effective when trading opens on October 30, 2007 under the interim ticker symbol "WYDI."

As announced on October 16, 2007, the Company's Board of Directors approved a one-for-six reverse split of its common stock, which was approved by a majority of the Company's shareholders in a shareholder consent as required by Nevada law.

In the reverse stock split, each six shares of outstanding common stock will be combined into and become one share of common stock. No fractional shares or cash will be issued in connection with the reverse stock split and any fractional results resulting from the conversion will be rounded up to the nearest whole share. All outstanding options, warrants, preferred stock or other rights convertible into or exercisable for shares of common stock, will be adjusted in accordance with their terms pursuant to the one-for-six ratio.

No immediate action is required on the part of shareholders. As shares are turned in to the transfer agent in the ordinary course of business, the post-split certificates will be issued accordingly. Holladay Stock Transfer, the Company's transfer agent, will act as the exchange agent for purposes of implementing the exchange of stock certificates:

HOLLADAY STOCK TRANSFER, INC
2939 N 67th Place
Scottsdale, AZ 85251
Tel: [480] 481-3940   Fax: [480] 481-3941

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. Both our unique cranberry-pineapple and green tea flavors are available in regular and diet versions. We currently hold trademarks for a variety of products worldwide. Who's Your Daddy, Inc. stock is traded publicly under the "WYDY" ticker symbol. For more information, go to (www.whosyourdaddyinc.com; www.kingofenergy.com). The Company's blog site is at www.kingofbloggers.com.

Contact Information

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