InvestorsHub Logo
Followers 362
Posts 14111
Boards Moderated 2
Alias Born 12/20/2009

Re: None

Wednesday, 02/20/2013 8:07:53 AM

Wednesday, February 20, 2013 8:07:53 AM

Post# of 72244
NEWS


James Boyd Provides Update for Dry Fried Wing Co.
Date : 02/20/2013 @ 8:00AM



“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.”

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.