This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Energy Edge Merges With The Dry Fried Wing Company; Moves Headquarters To Ft. Lauderdale

Stocks in this article: EEDG





FORT LAUDERDALE, Fla., Nov. 21, 2012 /PRNewswire/ -- Energy Edge Technologies Corporation (OTC: "EEDG") has announced the completion of a merger with The Dry Fried Wing Company, the licensor and franchisor of "Original Dry Fried Wings...The San Francisco Sensation", which is poised to become one of the fastest growing brands in the fast food arena. The merger furthers the emergence of EEDG as a diversified holding company.

Under the terms of the merger, The Dry Fried Wing Company is now a 65% owned subsidiary of EEDG and has been given the authority to name a new Board of Directors and new Officers for EEDG. Energy Edge has applied for a name change to "EEDG Holdings, Inc." and has moved its Corporate Headquarters to 2810 E. Oakland Park Blvd, Ft. Lauderdale, FL. John Walker, CPA, and President of The Dry Fried Wing Company, has been named EEDG's new Chief Financial Officer and has responsibility for overseeing all financial matters relating to EEDG and its subsidiaries.

Robert Holdsworth and Joseph Regosta, former President and CEO of EEDG respectively, have agreed to return 29 million shares of EEDG common stock that they own personally to the Company treasury in exchange for a 49% stake in the Energy Edge Solutions subsidiary of EEDG, which will continue to provide energy and resource conservation services and which they will continue to manage. Mr. Holdsworth and Mr. Regosta will maintain a combined ownership of 4 million shares of EEDG common stock. Upon return of their 29 million shares to treasury, EEDG will have approximately 67 million shares outstanding.

The Dry Fried Wing Company has begun the process of bringing "The San Francisco Sensation" to the rest of the world. The Company is utilizing its co-branding expertise and top level foodservice connections to gain immediate access into the world's busiest and highest profile locations including major airports, travel plazas, college campuses, malls, arenas and stadiums. The Company will also be opening co-branded units in three premier Bravo Pizza locations in Manhattan as well as Da Vinci's Pizzeria of Ft Lauderdale in the coming weeks.

"We believe we have the perfect product and business model to have an immediate and sustainable impact on this truly explosive sector," said Dr. Benjamin Chavis, EEDG Spokesperson and Co-Founder of The Dry Fried Wing Company. "Chicken wings are currently at their peak popularity and continue to grow rapidly as a fast food item worldwide. Our highly successful co-branding experience gives us the ability to gain significant market share right out of the gate, and achieve the fastest, most profitable growth in the industry. Dry Fried Wings have achieved legendary status in one of the world's most competitive foodservice markets, but have yet to be discovered outside of San Francisco. Our mission is to change that in a hurry."

For more information regarding The Dry Fried Wing Company's products and plans, along with the latest Company news and developments, please visit dryfriedwings.com.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,678.70 +6.10 0.03%
S&P 500 2,057.09 +5.27 0.26%
NASDAQ 4,771.7630 +13.8840 0.29%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs