SOURCE: Who's Your Daddy, Inc.

August 21, 2007 08:00 ET

Who's Your Daddy Reports Record Revenues

Company Affirms Forecasted 50% Quarterly Revenue Growth in Q3 to Over $1.2 Million

SAN DIEGO, CA--(Marketwire - August 21, 2007) - Who's Your Daddy, Inc. (OTCBB: WYDY) today reported record revenues for the quarter ended June 30, 2007 of $812,233, a 392% increase from revenues of $165,173 in the quarter ended June 30, 2006 and a 507% increase from revenues of $133,814 in the prior quarter ended March 31, 2007.

Edon Moyal, CEO of Who's Your Daddy, stated, "In future years, we expect that this second quarter just ended will be viewed as the turning point for the Company. Our products are rapidly gaining traction as we started shipping to large grocery chains during the quarter. We are in active discussions with other chains that, if successfully concluded, could increase our growth substantially."

"The second quarter was a change for the better in a number of other areas as well," continued Mr. Moyal. "We eliminated over $2 million in convertible debt and resolved a number of other past issues. Our management team and board have been significantly strengthened and we have added key members to our sales team with proven track records in selling energy drinks. Our investments in marketing have increased dramatically to give our products added exposure and consumer awareness. In sum, we are very optimistic about the future and look forward to accelerating our growth."

Condensed income statements (please refer to the Company's Report on Form 10Q for full financial statements and footnotes):

                        3 Months Ended June 30     6 Months Ended June 30
                       -----------------------   -------------------------
                          2007          2006         2007          2006
                       ----------  -----------   -----------   -----------
Revenues, Net          $  812,233  $   165,173   $   946,047   $   315,630
Cost of Goods Sold        450,706       68,745       541,207       157,515
                       ----------  -----------   -----------   -----------
  Gross Margin            361,527       96,428       404,840       158,115
                       ----------  -----------   -----------   -----------
Operating Expenses
  Administrative and
   General                539,130      591,728     1,114,610     1,191,731
  Sales and Marketing     405,933      108,230       766,206       423,268
  Provision for
   severance              100,000            -       100,000             -
                       ----------  -----------   -----------   -----------
    Total               1,045,063      699,958     1,980,816     1,614,999
                       ----------  -----------   -----------   -----------
Operating Loss           (683,536)    (603,530)   (1,575,976)   (1,456,884)
  Interest Expense         (4,421)    (187,664)      (37,989)     (385,865)
                       ----------  -----------   -----------   -----------
Net Loss               $ (687,957) $  (791,194)  $(1,613,965)  $(1,842,749)
                       ==========  ===========   ===========   ===========

Loss per Share         $    (0.03) $     (0.06)  $     (0.08)  $     (0.13)
Weighted Average
 Shares                26,790,776   14,301,345    21,261,115    14,301,345

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 $4.9 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

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
    760-538-5470
    Email Contact