|By Marketwired .||
|December 17, 2012 10:49 AM EST||
FT. LAUDERDALE, FL -- (Marketwire) -- 12/17/12 -- Dr. Benjamin Chavis, Spokesperson for Energy Edge Technologies Corporation (OTCQB: EEDG), has just released the following statement:
"I am happy to report to you this morning that Energy Edge Technologies Corp will be filing Form 14C to begin the process for a name change to The Dry Fried Wing Company and will be applying for a symbol change as well. We believe these changes are necessary to accurately reflect the main focus of the Company moving forward. We are extremely gratified with the almost unprecedented early performance of our Dry Fried Wings brand and the enormous opportunities that it has already generated in one short week of operations.
"Other corporate events of note are that John Walker has replaced Robert Holdsworth on the Board of EEDG and as President and CFO. Robert will take on the role of President of the Energy Edge Solutions subsidiary of EEDG. The final two Board replacements will be announced this week. Energy Edge Solutions will conduct all Company business not related to the The Dry Fried Wing Company's licensing and franchising operations.
"Jaron Hines of The Sanet Group has just been named the Company's Director of Business Development. Jay was responsible for the signing of our License Agreement with 'The Box' Sports Bar last week and has a multitude of established connections throughout the food, sports, and entertainment industries. Jay has recently employed a network of 30 brokers to expand our Dry Fried Wings co-branding program nationwide, and personally has several other major deals for Dry Fried Wings in the works.
"We will be issuing the 70 million restricted share controlling block to the former Dry Fried Wing Company subsidiary this week under the option provision in the Merger Agreement signed November 21, 2012. Once that is executed, EEDG will have approximately 139 million outstanding shares with 250 million authorized. The authorized number of shares includes 15 million shares ear-marked for our employee bonus and payment plan (S-8) and as of this date none of those shares have been issued.
"We will continue to release material corporate news as events warrant and will strive to keep our shareholders up to the second with any and all Dry Fried developments through our new website, www.dryfriedwings.com."
This release contains statements, which may constitute "forward-looking statements" within the meaning of Securities Act of 1933 and Securities Exchange Act of 1934, as amended by Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that forward-looking statements are not guarantees of future performance and involve risks and uncertainties. Actual results may differ materially from those contemplated by such forward-looking statements. Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, occurrence of unanticipated events, or changes to future operating results.