FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--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.
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.