Energy Edge Technologies Corporation Announces Plan to Spinoff Energy Edge Solutions
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Energy Edge Technologies Corporation (QB) (USOTC:EEDG)
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1 Month : From Mar 2013 to Apr 2013
Energy Edge Technologies Corporation (OTCQB: EEDG) has taken the preliminary steps necessary to effectuate a spinoff of its 51% owned Energy Edge Solutions subsidiary into a separate public entity with its own Board of Directors, Officers, and trading symbol. The spinoff will be treated as a stock dividend for EEDG shareholders, who will maintain their full interest in EEDG while receiving their same proportionate interest in the new trading company. EEDG has also announced the completion of a name change for its Dry Fried Wing Company subsidiary to The Gourmet Wing Company Inc., which is planned to become the name of the parent after the spinoff takes place.
“The proposed spinoff makes sense from an operational point of view and the name change from a marketing and branding perspective, all of which should benefit our shareholders moving forward,” said James Boyd, EEDG’s CEO.“
Email addresses of Board of Director members and Company officers will soon be publicly posted on our new website incorporating The Gourmet Wing Company Inc. name.
