SOURCE: Who's Your Daddy, Inc.

September 04, 2007 08:00 ET

Who's Your Daddy to Acquire San Diego Distributor

Solidifies Position in Home Market

SAN DIEGO, CA--(Marketwire - September 4, 2007) - Who's Your Daddy, Inc. (OTCBB: WYDY) today announced that it had signed a letter of intent to acquire substantially all of the assets of King of Energy San Diego, Inc., ("KOE") a distributor based in San Diego that sells the Company's King of Energy™ drinks to over 700 accounts in stores, bars and restaurants in San Diego County.

KOE was founded in early 2007 and has used its full-function warehouse facility to increase revenues to an annualized revenue rate of over $350,000. The assets of KOE will be acquired by sharing 50% of the profit from the operation with the owners of KOE until a total of $100,000 is received by them. The transaction is expected to close in September, following successful due diligence and documentation.

Dan Fleyshman, President of Who's Your Daddy, stated, "This acquisition allows us to have full control over marketing and distribution in our home market and provides a showcase for current and prospective distributors. We will have a warehouse at our disposal and we will be able to increase our profits by capturing revenues at retail prices rather than wholesale. For accounting purposes, we will reverse approximately $100,000 in revenues for the quarter ending June 30, 2007 to KOE when we complete an amended 10Q, which is expected to be filed within the next two weeks."

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