SOURCE: Energy Edge Technologies Corporation

May 08, 2013 10:15 ET

Energy Edge Technologies Strategic Plan Update

ATLANTA, GA--(Marketwired - May 8, 2013) - Energy Edge Technologies Corporation (OTCQB: EEDG) issued the following update from CEO, James Boyd today. 

"EEDG is fully committed to building a premier food industry portfolio that will greatly benefit the company, our employees and our shareholders through multiple distinct revenue streams derived from franchising, manufacturing, licensing and distribution. To those ends, I am pleased to provide the following updates and exciting developments. 

"First, formal processes have been initiated to change the name of Energy Edge Technologies Corporation to Restaurant Brand Builders, Inc. (RBBI) to better reflect our focus on the food, sauce, spice and beverage sectors. This is part of our overall strategy to clearly communicate our intentions regarding the parent company and our current and future subsidiaries. We believe this change will also help investors to better understand the intrinsic value of the company and each subsidiary. RBBI will focus on the aforementioned sectors including restaurant development and franchising, and all future restaurant and food concepts, including Gourmet Wings, will operate under the umbrella of RBBI. There are numerous steps involved but the company seeks to expedite the name and stock symbol change. 

"The Gourmet Wing Company has several locations under review for potential sites in the Atlanta and South Florida areas for development. Because the Company is focused on designing its first Atlanta unit as a conversion, the Prototype Design currently being worked on will be finalized when the location is selected.

"In addition to expanding our Gourmet Wing concept we have identified and will continue to identify additional potential concepts to add to our portfolio. For example, EEDG is continuing its due diligence on the Big Chow Grill and anticipates a formal agreement soon. In addition, we are continuing our work toward commercial sauce and spice manufacturing. We have received several iterations of our proprietary sauces and we are poised to start production in the near future. 

"Lastly, continuing our focus on concept expansion and multiple revenue streams, EEDG has signed a Letter of Intent for the exclusive worldwide distribution rights for Cu'i, (pronounced 'swee'), a 100% all natural, no sugar added, watermelon drink. Cu'i (www.cuiwatermelondrink.com) is presently available in all Georgia Whole Foods locations and the company anticipates national distribution with Whole Foods in the near future. 

"We will continue to keep everyone informed and we expect to communicate more information regarding our potential relationship with Cu'i and other EEDG developments very soon."

For more information regarding EEDG, please visit www.dryfriedwings.com and our energy engineering and services subsidiary, Energy Edge Solutions at www.energyet.com.

This release contains statements, which may constitute "forward-looking statements" within the meaning of Securities Act of 1933 and Securities Exchange Act of 1934, as amended by Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that forward-looking statements are not guarantees of future performance and involve risks and uncertainties. Actual results may differ materially from those contemplated by such forward-looking statements and the Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, occurrence of unanticipated events, or changes to future operating results.

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