SAN DIEGO, Feb. 15, 2006 (PRIMEZONE) -- Who's Your Daddy, Inc. (OTCBB:WYDY) announces its initial revenue guidance for 2006.
Based on recent distributor agreements for sale of the "King of Energy" drink, the company estimates revenues of $15 million to $20 million for fiscal year 2006. The company anticipates that forward sales of the "King of Energy" drink will increase steadily, as both the regular and sugar-free drinks continue to gain traction.
"As a result of distribution agreements that we entered into over the past 90 days, orders for the regular and sugar-free 'King of Energy' drink have exceeded our original expectations, and projections," Edon Moyal, CEO of Who's Your Daddy stated. "We are on track to deliver 90,000 cases of the 'King of Energy' drink in the first quarter. Our target is to deliver 1 million cases in 2006," Mr. Moyal added.
Mr. Moyal concluded by stating, "Who's Your Daddy credits much of its growth to the addition of regional distributors over the past three months. Recent promotions, incentive programs, and co-op advertising have also led to the increased sales."
About Who's Your Daddy, Inc.
Who's Your Daddy, Inc. is a publicly traded licensing company that designs, licenses, and sells, a variety of products centered on the trademark-protected brand, 'Who's Your Daddy.' In addition to the "King of Energy" drink, which is manufactured, promoted, and sold, exclusively by the Company, ' Who's Your Daddy, Inc.' holds licensing rights to the name Who's Your Daddy for more than 300 products in the U.S. and Europe and is expanding internationally. The 'Who's Your Daddy' range of product offerings are designed to appeal to young men, women and sports fans who strive for "style with authority." Who's Your Daddy, Inc. is traded under the WYDY stock ticker (OTCBB:WYDY).