SOURCE: Cable & Co. Worldwide, Inc.

July 16, 2007 09:00 ET

Cable & Co. Worldwide Announces Its Restructuring Plans

WESTPORT, CT--(Marketwire - July 16, 2007) - Cable & Co. Worldwide, Inc. traded over-the-counter (PINKSHEETS: CCWW), today announced its plans to restructure the Company. The Board of Directors announced that it will recommend several actions to the shareholders. The Board believes it is in the best interest of the Company that the Company change its name to Marketing & Research Corp., reverse split its stock on a 600 to 1 basis and spin off its wholly owned subsidiary LifeHealthCare, Inc. ("LHCI") as a separate distinct fully reporting public entity by issuing to the Company's shareholders all of the shares in LHCI. Cable hopes to complete these steps shortly.

Gary Stein, President of the Company, stated, "The restructure of the Company will enable it to negotiate finance and acquire certain operating companies in the marketing and research sector which will establish a solid foundation for the Company to achieve growth and maximize profitability." Mr. Stein further indicated that, "Cable is in the final negotiating stages to acquire several marketing and opinion research companies. These firms provide technologically advanced data collection facilities, both telephonically and Internet driven, through which comprehensive qualitative and quantitative arsenal of research is completed both in the United States and worldwide. They provide services that span the testing of new Hollywood movies and television pilots, to traditional market research for corporations and government agencies such as business-to-business telephone data collection, test marketing of products and campaigns. They are also able to perform specialized opinion, political and overnight polling."

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

Cable & Co. Worldwide, Inc. is a shell with no operating business other than LifeHealthCare, Inc. LifeHealthCare, Inc. intends to develop and commercialize innovative over-the-counter, non-prescriptive dental care products.

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

  • Contact:
    Martin C. Licht