SOURCE: Cable & Co. Worldwide, Inc.,

August 03, 2006 09:00 ET

Cable & Co. Worldwide Announces Its Plan

NEW YORK, NY -- (MARKET WIRE) -- August 3, 2006 -- Cable & Co. Worldwide, Inc., a publicly held Delaware corporation (PINKSHEETS: CCWW), announced today its plans for the short-term. In light of Cable's recent acquisition of LifeHeathCare, Inc. (the "Company"), Cable's next steps are to amend its charter, among other things, to change its name to LifeHealthCare, obtain a new trading symbol and CUSIP number for the common stock, and apply to trade on the over-the-counter bulletin board. Cable hopes to complete these next steps shortly.

Cable further announces that it is in the process of completing its financial statements and audits and anticipates being in compliance with its reporting requirements under the Securities Exchange Act of 1934, as amended, in the near future. Upon achieving compliance, Cable anticipates filing with the Securities and Exchange Commission an information statement pursuant to Rule 14(c) of such act which shall effect a 1-for-200 reverse split of Cable's outstanding common stock.

Steven Kessler, the Executive Vice President of the Company, commented, "We are pleased to report progress by the Company on all fronts -- success in its efforts to close and be acquired by Cable, development and implementation of the LifeHealthCare business plan, which includes the evaluation and commercialization of its lozenges, the shipping to Italy of its emergency dental kits and the continual search for appropriate acquisitions and alliances, progress and momentum towards achieving full compliance with applicable public reporting requirements, rationalization of our capital structure, and growing interest by the brokerage community. We will endeavor to capitalize upon these developments and work to achieve further developments with the goal of maximizing value for our stockholders."

About Cable & Co. Worldwide, Inc. and LifeHealthCare, Inc.:

Cable & Co. Worldwide Inc. recently acquired LifeHealthCare, Inc. and will operate under that name. The company acquired specializes in, and the future operations of Cable & Co. will be, the development and commercialization of medical and surgical devices and innovative over-the-counter, non-prescriptive medical and dental care products. LHC is composed of four divisions: CandyDent personal dental care dental lozenge, Emergency Dental Care Kits, Ultrasonic Denture and Mouth Guard Cleansing System, and the Comfort Foot Rest.

Forward-Looking Statements: The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the Company and its subsidiaries. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by the Company may differ materially from these statements due to a number of factors. Any forward-looking statements speak only as of the date made. Statements made in this document that are not purely historical are forward-looking statements, including any statements as to beliefs, plans, expectations, or intentions regarding the future. Risk factors that may cause results to differ from projections include, without limitation, loss of suppliers, loss of customers, inadequate capital, competition, loss of key executives, declining prices, and other economic factors. The Company assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions.

Contact Information

  • Michael J. Porter
    President
    Investor Relations

    Jeff Myhre
    VP -- Editorial
    212.564.4700

    Steven Kessler
    Exec. VP
    516-539-0339