James Boyd Provides Update for Dry Fried Wing Co.
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)-- "I would like to take this opportunity to address a number of items relating to our Company's immediate and long-term objectives. As EEDG's CEO and President my charge has been to put together a long-range plan for our Company's future, which will be centered around a full scale franchising program. The Dry Fried Wing product that we have created is undoubtedly one of the best. We are quickly implementing operations and branding strategies that will maximize the marketing and product development work that's already been created, so that we can fully capitalize on the unlimited opportunities that lie ahead.
"While the long term is paramount, we are in the process of addressing several immediate issues. Currently, I have implemented systems that have greatly tightened our standards and due diligence process for the opening of any future co-branded locations. We will only be partnering and licensing with what we find to be major, synergistic players in our market space. Therefore I am taking the steps necessary to undo the situation that has taken place in The Box in Bethesda, MD and have decided that we will no longer be licensing our Dry Fried Wings to The Box when that restaurant re-opens. I will be carefully reviewing all of our past and future licensing commitments and will take whatever steps are necessary to fully protect our brand at all times.
"We are quickly moving forward on contracting with a co-packer for the manufacture and distribution of all of our proprietary food items including our unique sauces. We are working diligently to develop long-term partnerships with food purveyors, branded paper and sign suppliers, as well as local and national distributors. Quite advantageously, our sales relating to co-branding and licensing have grown towards giving us the volume and presence needed to establish these essential relationships at this critical point in time.
"I am also pleased to announce that the highly anticipated joint opening of Dry Fried Wings within the new American Ale House, located at 335 Fairfield Road, Fairfield, NJ, is scheduled to open next week. I believe the American Ale House is a great new concept that offers our company several avenues for profitable growth. We truly look forward to a great opening and establishing a highly beneficial relationship moving forward."
For more information about the Dry Fried Wing Co.(OTCQB:EEDG) please visit www.dryfriedwings.com
This release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the 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, and actual results may differ materially from those contemplated by such forward-looking statements. Important factors known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, ability to compete successfully, and ability to complete before-mentioned transactions. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events, or changes to future operating results.
For Dry Fried Wing Co.
Tricia Kanbar Lowery, 407-921-7322
KEYWORDS: United States North America Florida
The article James Boyd Provides Update for Dry Fried Wing Co. originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.