SAN DIEGO–(BUSINESS WIRE)–On July 27, 2006, Who’s Your Daddy, Inc. (OTCBB:WYDY – News) announced that it signed seven new distributors in the state of Utah. Market penetration in Utah for the first 30 days has surpassed expectations.
Market penetration in Salt Lake City of the Who’s Your Daddy “King of Energy” Drinks has exceeded forty-five percent (45%) of convenience and grocery stores and twenty-five percent (25%) of the overall on premise market, according to General Distributing (www.abwholesaler.com/generaldistributing). Other distributors have reported similar results.
All of the company’s distributors in Utah are currently distributors for Anheuser-Busch products. All of the company’s Utah distributors have reordered the entire line of the company’s “King of Energy” Drinks, including Regular, Sugar Free, and Green Tea.
Edon Moyal, CEO of Who’s Your Daddy, said, “When we signed our Utah distributors, we never realized that the market penetration would be as rapid as we have been experiencing. Based on the results in Salt Lake City we can expect a record breaking quarter in sales and revenues.”
About Who’s Your Daddy, Inc.
Who’s Your Daddy, Inc. (www.whosyourdaddyinc.com; www.kingofenergy.com) is a publicly traded company that designs and licenses a variety of products centered on its trademark-protected brand, “Who’s Your Daddy.” The Company holds multiple trademark rights to the name “Who’s Your Daddy” in the United States and Europe. In addition to the “King of Energy” Drink, which is manufactured, promoted and sold exclusively by the Company, the Company holds licensing rights 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.