Snocone Systems Inc.

Snocone Systems Inc.

March 01, 2005 22:36 ET

Snocone Systems Inc. Announces Reverse Split of Shares Pursuant to Letter of Intent to Acquire Who's Your Daddy, Inc.



OTC Bulletin Board SYMBOL: SCOS

MARCH 1, 2005 - 22:36 ET

Snocone Systems Inc. Announces Reverse Split of Shares
Pursuant to Letter of Intent to Acquire Who's Your
Daddy, Inc.

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 1, 2005) - Snocone
Systems Inc. (OTCBB:SCOS) ("Snocone" or the "Company"), is pleased to
announce that it is proceeding with its due diligence and preparing
documents to finalize its Share Exchange Agreement with Who's Your
Daddy, Inc. ("WYD"), as detailed in its press release of February 25,
2005. The Company expects the closing of the transaction to occur prior
to April 30, 2005.

Further to the acquisition of WYD, the Board of Directors of Snocone has
approved a reverse split of its shares on a 1:5 basis with a record date
of March 4, 2005. The Company is completing its reverse split of shares
in order to initiate the steps required for the Company to come into
compliance with NASDAQ requirements in anticipation of a move to another

Dan Fleyshman, President of WYD, appeared on ABC Morning News, on
February 28, 2005 and was interviewed about the company, its future
plans, prospects, and product line. The Company has secured a line of
bridge financing in the amount of $500,000 to be used for operations.
WYD has also announced a further commitment of $1,500,000 private
placement, which will be funded upon closing of the Share Exchange
Agreement. This financing will be used primarily for marketing and
distribution of the WYD branding product line which the Company
anticipates will generate significantly higher revenues than has
occurred in WYD's last three years of operations.

Who's Your Daddy anticipates that licensing will be a material source of
revenue in the future. These licenses will include terms providing that
management has control of the content and use of the brand. Who's Your
Daddy is also working on licensing opportunities for a variety of other
products, including, hats, beverages, children's books, skateboards,
luggage, sunglasses, fragrances, watches, sports products, and video

Pursuant to the Letter of Intent between Snocone and WYD, the current
shareholders of WYD will receive an equal number of post reverse shares
for the vend in of WYD as the shareholders of Snocone, which translates
into a 50% interest in the Company, post share exchange. Upon Completion
of the WYD transaction, the name of the Company will be changed to Who's
Your Daddy Licensing, Inc.

Snocone management wishes to advise that the Company is committed to
providing value to its shareholders and feels the transaction with "WYD"
will create a solid and steady revenue stream for Snocone, greatly
enhancing shareholder value.

This material includes forward-looking statements based on management's
Current reasonable business expectations. In this document, the words
"can," "anticipates," and similar expressions identify certain
forward-looking statements. These statements are made in reliance on the
Private Securities Litigation Reform Act, Section 27A of the Securities
Act of 1933, as amended. There are numerous risks and uncertainties that
could result in actual results differing materially from expected
outcomes. The material should be read in conjunction with the Company's
current annual and quarterly reports filed with the SEC, which contain
discussions of currently known factors that could significantly impact
the Company's future expectations.


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