SAN DIEGO, Aug. 29, 2005 (PRIMEZONE) -- Who's Your Daddy Inc. (OTCBB:WYDY) announced immediately after its 8K filing on Friday, August 26, 2005, (http://finance.yahoo.com/q/sec?s=WYDY.OB) that it sold out the entire production of its King of Energy Drink within the first five days of delivery to its San Diego warehouse facility.
The company's first order consisting of its trademarked and branded energy drink was sold within five days of the initial delivery to the San Diego facility. The drink was purchased by a local distributor for distribution to over 500 convenience store locations in Southern California.
In addition to the sellout of its initial production, the company has purchase orders on a bi-monthly basis for the original energy drink and its sugar free version, which will be begin production in September 2005.
The order was placed by a distributor in Michigan for distribution to more than 1,000 convenience stores in the Michigan area. The initial purchase order is for approximately $250,000 on a bi-monthly basis.
The energy drink revenues, along with revenues from sales of the company's hangover remedy, which it acquired as a part of its acquisition of Pharb (and which will be repackaged and sold as "Who's Your Daddy Hangover Remedy, by Pharb"), will be reflected in the company's next quarterly filing, as they were generated after the closing date for the 8K (please see: http://finance.yahoo.com/q/sec?s=WYDY.OB).
Edon Moyal, CEO of Who's Your Daddy, stated, "Who's Your Daddy will be going on a cross-country tour over the next six months promoting the Who's Your Daddy King of Energy Drink. In addition, Who's Your Daddy will be visiting nationwide distributors in order to introduce them to the new line of Who's Your Daddy products."
Mr. Moyal continued, "We are fortunate to have as a working partner Master P., who will be a key partner in promoting the energy drink in the urban market, which he is tapped into, and through which, he has become so successful."
"All in all, we have a great team; a unique product, tremendous marketing, and a household name that is everywhere. We intend to blow the doors off of the competition, and generate revenues that will eclipse anything that we have projected for annual sales, as reflected in the 8K. At this rate, we are way ahead of our projected revenues and way ahead of schedule. We are now on the move and are excited about the future of Who's Your Daddy."
About Who's Your Daddy, Inc.
Who's Your Daddy, Inc. is a publicly traded licensing company that designs and licenses a variety of products centered around the trademark-protected brand, 'Who's Your Daddy.' Who's Your Daddy, Inc. holds licensing rights to the name Who's Your Daddy for more than 300 products in the U.S., Europe, Canada, Australia and Japan. 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.
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.