CARLSBAD, Calif., July 3, 2008 (PRIME NEWSWIRE) -- Who's Your Daddy, Inc. (OTCBB:WYDI) announced that it will initiate two shipments of its cranberry pineapple and green tea 8.4 ounce King of Energy(tm) drinks to Nigeria and Benin through T-Bone Beverages LLC ("T-Bone"). The first order is prepaid and will be shipped in the middle of July and a purchase order has been received for a second prepaid shipment for delivery in August. Both orders represent approximately $320,000 of potential revenues for the Company.
In addition, T-Bone has been given an incentive agreement that provides for T-Bone to receive warrants to purchase common stock of Who's Your Daddy, based on purchases of the Company's products by T-Bone of at least: $3,000,000 in the first 12 months following the effective date of the agreement, $4,250,000 in the first 17 months, $5,000,000 in the first 20 months and $6,000,000 in the first 24 months.
Joseph Conte, Executive Vice President, stated, "We are pleased to start shipments to Nigeria through T-Bone after months spent to obtain the appropriate regulatory clearances. Our relationship with T-Bone Beverages allows us to address the Nigerian market at minimal cost to us. Nigeria has one of the ten largest populations in the world with over 135 million people and presents the potential for strong sales growth. We also expect T-Bone to open up other markets in West Africa for our products."
About T-Bone Beverages LLC
T-Bone Beverages has been doing international trading of food products for over twenty years through several affiliated entities. The company has been entirely focused on international trade which includes importing rice from Thailand, frozen fish and poultry from all over the world to West Africa. Additionally they have handled coffee, table grapes, and other grains in bulk all over the world.
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(r) King of Energy(tm) line of beverages for the rapidly growing $6 billion world energy drink market. Who's Your Daddy, Inc. stock is traded publicly under the "WYDI" ticker symbol. For more information, go to http://www.kingofenergy.com. The Company's blog site is at http://www.kingofbloggers.com
This document contains "forward-looking statements" related to future events. Forward-looking statements by their nature address matters that are uncertain. 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.