SOURCE: Cable & Co. Worldwide, Inc.

April 16, 2008 13:15 ET

Cable & Co. Worldwide, Announces Record Date for LifeHealth Care Spin-Off

WESTPORT, CT--(Marketwire - April 16, 2008) - Cable & Co. Worldwide, Inc. ("Cable") (PINKSHEETS: CCWW) today announced that it has set a record date in connection with the planned spin-off of its wholly-owned subsidiary, LifeHealth Care ("LHC") into a separate, publicly-traded company. Mr. Gary Stein, President, stated, "This is a major milestone for the Company, culminating months of preparation, and a unique value to our shareholders. We have set a record date of April 25, 2008, for the spin-off. The shares will be distributed as soon as all of the necessary regulatory requirements are completed. Investors who wish to receive the dividend need to be shareholders of record as of the record date."

As previously announced, Mr. Stein confirmed, "Shareholders will receive one share of LHC for each post-split share of CCWW they own." Mr. Stein also commented, "LHC will have an initial share structure matching the post-split structure of Cable. Our shareholders will receive one-third of the LHC shares without restrictions. An additional one-third will only be eligible for trading after 90 days after distribution, and the remaining one-third will not be eligible to be traded until 180 days after their distribution. This should help provide price stability as LHC enters the public market."

Mr. Stein closed his remarks by stating, "A number of activities associated with both Cable and LHC are coming to closure. We expect to provide additional updates to our shareholders beginning next week, once Cable has completed its name change, along with the previously announced and filed share restructuring."

LHC is a startup company that focuses on providing products to the dental and healthcare marketplaces. LHC intends to develop and commercialize innovative over-the-counter, non-prescriptive dental care products and has developed an emergency dental kit that has been approved for sale in the European Union.

About Cable & Co.

Cable currently owns LifeHealth Care, Inc. LifeHealthCare, Inc. intends to develop and commercialize innovative over-the-counter, non-prescriptive dental care products.

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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.

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