OTCBB:WYDY), in a refocusing of its efforts to draw on the strength of its "King of Energy" drink, is pleased to announce a mutual agreement to rescind its acquisition of Pharb University Brand Inc.
We are canceling the shares and warrants given as part of the Pharb acquisition.
Moyal continued, "Concurrently with the rescission of the acquisition of Pharb, we have mutually agreed on the terms of the termination of the employment contract of Mark DeMattei, owner of Pharb, which eliminates payment to Mr.
Mark De Mattei, CEO of Pharb University Brand, Inc.
Who's Your Daddy acquired 100% of the issued and outstanding stock of PHARB
University Brands in June of 2005.
SAN DIEGO -- Final Agreements Underway to Acquire 100% of PHARB and Its FDA Approved Over The Counter Product, "The Ultimate Hangover & Fatigue Relief" Medicine
WYDY)(OTCBB:WYDY), a licensing and branding company with trademarks for over 300 products on five continents, announced on May 16, 2005 that the Company entered into an agreement to acquire 100% of the issued and outstanding stock of PHARB UNIVERSITY BRAND INC (PHARB).
Both WYDY and PHARB are pleased to announce today that they have completed their respective due diligence and have instructed legal counsel to finalize all definitive acquisition documents.
We discussed the natural distribution channels for Who's Your Daddy products which the PHARB
WYDY) (OTCBB:WYDY), a licensing and branding company with trademarks for over 300 products on five continents, has announced that the Company has entered into an agreement to acquire 100% of the issued and outstanding stock of PHARB UNIVERSITY BRAND INC (PHARB).
The business combination of the two companies will be in the form of a Share Exchange Agreement, whereby WYDY shall acquire 100% of the shares of PHARB on a tax free basis.
PHARB is an FDA approved registered drug Company which produces, markets, and distributes "The Ultimate Hangover & Fatigue Relief" medicine which is an FDA approved over-the-counter medicine designed to provide relief from the symptoms of hangovers.