Snocone Systems Inc. Announces Symbol Change Pursuant to Acquisition of Who's Your Daddy, Inc. and C

From: Snocone Systems
Published: Fri Mar 18 2005

VANCOUVER, British Columbia, March 18, 2005 - Snocone Systems Inc. (OTCBB: SCSY - formerly SCOS) ("Snocone" or the "Company"), is pleased to announce that it has completed its due diligence evaluation, and is now moving forward with the acquisition of 100% of the shares of Who's Your Daddy, Inc. ("Who's Your Daddy" or "WYD") in a share exchange agreement.

Pursuant to the acquisition of Who's Your Daddy, the Company has completed a reverse stock split on a 1:5 basis. The new trading symbol for Snocone, SCSY, is effective immediately.

The share exchange is expected to close within the next 15 days.

Immediately after the closing of the acquisition of Who's Your Daddy, the Company will change its name to Who's Your Daddy, at which time a new trading symbol will be issued to better identify the Company.

As per the terms of the share exchange agreement, the Company will receive a first round of bridge financing in the amount of $500,000 against an initial funding commitment of $2,000,000. As the Company moves forward, a second round of financing, up to an additional $3,000,000, will be made available as needed for operations.

Dan Fleyshman, President of Who's Your Daddy, states: "We have spent the past several years in tying down the Who's Your Daddy trademark. We currently have trademark protection for the production and distribution of over 300 products. We expect this year to be the year that WYD makes a major push of the WYD brand worldwide, from which there will be no looking back."

Who's Your Daddy designs and licenses a variety of products centered around our trademark protected brand, "Who's Your Daddy," which appeals to young men, women, and sports fans, who strive for "style with authority." Who's Your Daddy, the Company, holds trademark rights to "Who's Your Daddy" in the United States, Canada, Europe and is in the process of obtaining trademark rights in Australia and Japan.

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.

Snocone Systems Inc. (OTCBB: SCSY)

Source: Snocone Systems Inc.

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Snocone Systems Inc.
Vivian Kane
(604) 601-2181
Who's Your Daddy, Inc.
Dan Fleyshman
(619) 504-2000
Company: Snocone Systems
Contact Name: Vivian Kane
Contact Email:
Contact Phone: 604-601-2181

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