Snocone Systems Inc.

Snocone Systems Inc.

February 25, 2005 09:00 ET

Snocone Systems Inc. Signs Letter of Intent to Acquire Who's Your Daddy, Inc.



OTC Bulletin Board SYMBOL: SCOS

FEBRUARY 25, 2005 - 09:00 ET

Snocone Systems Inc. Signs Letter of Intent to Acquire
Who's Your Daddy, Inc.

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 24, 2005) - Snocone
Systems Inc. (OTCBB:SCOS) ("Snocone" or the "Company"), is pleased to
announce that it has signed a Letter of Intent ("LOI") to acquire 100%
of the shares of Who's Your Daddy, Inc. ("Who's Your Daddy") for fifty
per cent of the shares of Snocone in a share for share exchange.

The LOI is subject to due diligence by both parties and the receipt of a
$2 million private placement financing, by the Company, prior to
closing. In addition, the Company expects to complete a financing of an
additional $5 million within the year. Following the closing, the
Company will change its name to Who's Your Daddy Licensing, Inc.

Who's Your Daddy designs and licenses a variety of products centered
around our trademark protected brand, "Who's Your Daddy", which appeals
to young men and sports fans who strive for "style with authority".
Who's Your Daddy, the company, holds trademark rights to "Who's Your
Daddy" in the United States, Canada, Europe and is in the process of
obtaining trademark rights in Australia and Japan.

Who's Your Daddy clothing is available at several major retailers,
including Anchor Blue (formerly Miller's Outpost), Kohl's, Mervyn's,
Burlington Coat Factory, TJ Maxx and Marshall's, and will soon be
available through Who's Your Daddy website, The
business strategy behind Who's Your Daddy focuses on maintaining the
edge, energy and humor behind the Who's Your Daddy brand while
continuing to build brand awareness and recognition. The Who's Your
Daddy brand is uniquely positioned in mass-market retail outlets,
offering cutting edge designs with a high quality product at mass market
prices. The Who's Your Daddy target market includes young adult males,
sports fans and gift buyers for these groups. As part of the Who's Your
Daddy strategy, Who's Your Daddy has developed products and events that
appeal to these groups and continues to assess opportunities to expand
their products and markets. While working on introducing a current
product line into wider retail distribution, Who's Your Daddy is
expanding the current product line at existing retail locations to
include women, junior and toddler lines.

An important part of the Who's Your Daddy business strategy has been
licensing the brand in the United States and Europe. The Who's Your
Daddy brand has been licensed to Amazon Leisure Ltd, Ireland, for which
Who's Your Daddy has received a royalty of 8% on sales of $9,500,000 for
the past 3 years. Who's Your Daddy has achieved gross revenues of
approximately $930,000 in total revenues since 2002. The Company
believes that, with the financing of $2,000,000 and the marketing plan
outlined for the business in the coming year, the Company can
significantly increase its revenues over the next year.

To ensure the quality of its brand, Who's Your Daddy has maintained
approval over all products derived from its license agreements. 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

The Company believes that these products will not only generate revenues
through licensing fees, but will also increase the intellectual value of
the brand and diversify the Who's Your Daddy product line, which
currently consists of over 300 products. Who's Your Daddy has hired a
licensing manager to seek new licensees domestically and internationally
for all product divisions.

Snocone develops and acquires innovative wireless solutions creating a
portfolio of mobile technologies and applications. In the past two
years, Snocone has successfully developed wireless mobile applications
that can be used for professional sports, entertainment, homeland
defense, wireless security and surveillance. Snocone continues to pursue
further acquisition opportunities in order to strengthen the company's
bottom line.

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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