Who's Your Daddy to begin shipments of energy drinks to west Africa

Jul 04, 2008 (Datamonitor via COMTEX) -- WYDIE | Quote | Chart | News | PowerRating -- Who's Your Daddy has announced that it will initiate two shipments of its cranberry pineapple and green tea 8.4 ounce King of Energy drinks to Nigeria and Benin through T-Bone Beverages.

According to the company, 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 revenue 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 million in the first 12 months following the effective date of the agreement, $4.25 million in the first 17 months, $5 million in the first 20 months and $6 million in the first 24 months.

Joseph Conte, executive vice president of Who's Your Daddy, said: "We are pleased to start shipments to Nigeria through T-Bone after months spent to obtain the appropriate regulatory clearances."

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