Who’s Your Daddy, Inc. has entered into a Settlement Agreement with Sacks Motor Sports Inc. and [former NASCAR Driver] Greg Sacks, to mitigate $1.8 million in debt. In total over the last 90 days the Company’s management has compromised over $3,296,000 in debt prior to liquidating 2,044,428 of common stock provided by two former officers. The Company will immediately begin the process of changing its corporate name to FITT Energy, Inc. and will apply for a new trading symbol to properly reflect its innovative marketing direction. See Full article at marketwatch.com.(4-2-2010)
