SOURCE: Cable & Co. Worldwide, Inc.

September 18, 2007 11:40 ET

Cable & Co. Worldwide Announces Reduction to Share Structure, and Reduces Previously Announced Reverse Split

WESTPORT, CT--(Marketwire - September 18, 2007) - Cable & Co. Worldwide (PINKSHEETS: CCWW) announces that the Company and a majority of its shareholders have decided to reduce the previously announced planned reverse stock split of the Company's common shares to a final plan of one (1) new common share for each 150 now outstanding. By improving the reverse split ratio from the 1:600 previously announced, the Company believes this will provide the liquidity in the marketplace the Company wishes to maintain.

The Company and a majority of its shareholders have also agreed to reduce the number of authorized shares from the current 1,500,000,000 to 150 million. The Company feels that after the affects of the reverse split are completed, the available but unissued authorized shares will provide sufficient capital support for growth and potential future acquisitions.

The result of these actions will leave a total of 9,990,750 issued and outstanding shares, of which approximately 2,297,873 will be available in the open market. The remaining 7,692,877 are owned by affiliates of the Company and their resale is restricted.

CCWW is also announcing that it is proceeding with its previously announced business plans, more details of which will be provided in the coming weeks. The Company will be requesting a new CUSIP number and trading symbol, in support of its planned name change to Marketing & Research Corp. The Company is negotiating to acquire select private companies in the fields of market research, Hollywood box office tracking, political poll analysis and employee incentive performance programs, and hopes to make its first acquisition announcement shortly.

The Company expects to complete all required SEC compliance filings associated with the above actions within the next 45 days.

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

  • Michael J. Porter
    Investor Relations