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WYDY: Big momentum here as this thing has run from 1.25 to currect at 1.70 in past two days...
Moving on increased volume and a BIG pr...
Who's Your Daddy, Inc. Completes Acquisition of PHARB
SAN DIEGO, June 16, 2005 (PRIMEZONE) -- Who's Your Daddy (OTCBB:WYDY) hereby announces that it has completed the acquisition of 100% of PHARB University Brand Inc. (PHARB), which includes its FDA-approved over-the-counter product, "The Ultimate Hangover Relief" medicine.
As of December 31, 2004, the sales of "The Ultimate Hangover Relief" medicine generated $12,429,000 in gross revenues and gross profits of $9,195,000.
Edon Moyal , CEO of Who's Your Daddy stated, "We are very pleased to be able to add revenues in excess of $12,000,000 to the books of Who's Your Daddy, especially with gross profit of over $9,000,000. The numerous retail chains currently distributing the PHARB Hangover Remedy will serve as a built-in distribution system. The current PHARB distribution system includes over 55,000 locations. This is a built in outlet for Who's Your Daddy products, which we believe will be a perfect fit into the limited spacing available on shelves in retail stores across the country. A good example of this would be Who's Your Daddy's energy drink the `King of Energy.'"
About Who's Your Daddy, Inc.
Who's Your Daddy, Inc. is a publicly traded licensing company which 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 over 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 symbol.
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.
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Press Release Source: Who's Your Daddy Inc.
Investrend Research affiliate Beacon Equity Research Announces Investment Opinion: Who's Your Daddy Inc. Rated 'Speculative Buy,' Target $6.20 By Investrend Affiliate Beacon Equity Research Thursday June 23, 8:30 am ET
NEW YORK--(BUSINESS WIRE)--June 23, 2005--(Investrend Research Syndicate) Who's Your Daddy Inc. (OTCBB:WYDY - News) has been rated "Speculative Buy," with a price target of $6.20 by Investrend Research affiliate Beacon Equity Research. The report is authored by Senior Research Analyst, Varsha Chitale, CFA. The full report is available at http://www.beaconequityresearch.com and http://www.investrendresearch.com
In the report, Ms. Chitale writes, "Who's Your Daddy Inc. is a publicly traded licensing company which designs and licenses a variety of products centered around the trademark-protected brand, "Who's Your Daddy." The Company holds the licensing rights for more than 300 products such as clothing, shoes, energy drinks, sporting goods, automotive accessories, video games, etc., in the U.S., Europe, Canada, Australia, and Japan. The Company is in the process of leveraging this slogan and attitude across many product lines including: apparel, energy drinks, clothes, and shoes, among other products.
Who's Your Daddy acquired 100% of the issued and outstanding stock of PHARB University Brands in June of 2005. "PHARB" produces, markets, and distributes "The Ultimate Hangover Relief" medicine. PHARB is currently distributed through over 55,000 mass retailers such as Rite Aid, 7-Eleven, Walgreen's, CVS, and Circle K as well as national convenience stores in the US. The product generated in excess $12 million of revenues in the previous fiscal year. Strategically, the acquisition will create immediate relationships with the 55,000 retail outlets from which the company anticipates net income of approximately $8 Million through the marketing of other Who's Your Daddy products.
Taking the diluted base as 32 million shares we have discounted the future projected cash flows at a rate of 16% and a perpetuity value of 5%, arriving at a net present value of 6.20 per share."
Beacon Equity Research, LLC is a fee-based, comprehensive investment research firm, focusing primarily on the underserved small-cap sector. All Beacon analysts are seasoned industry professionals and adhere to the CFA Institute's (CFAI) stringent ethics and standards of practice guidelines. Beacon Research does not have any investment banking relationships with any of the companies covered. All analysts are compensated prior to performing their investment research and are not compensated in any way based on the future performance of the equities they follow.
Both Beacon Equity Research and Investrend subscribe to the "Standards for Independent Research Providers" at http://www.firstresearchconsortium.com. Beacon Research Partners has been compensated $18,000 by Pasadena Capital Partners, an investor relations firm for the company, for one year of enrollment in its research program.
Complete information is available at the company's InvestorPower page at http://www.investrend.com/company/list.asp?sPathParam=yes. Investors are advised to read disclosures carefully before trading in the equities of any enrolled company.
-------------------- Just the facts, ma'am.
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