Cable & Co. Worldwide Inc.

November 10, 2005 09:00 ET

Cable & Co. Worldwide to Awaken from a Hiatus, Seek Merger Opportunities

NEW YORK, NEW YORK--(CCNMatthews - Nov. 10, 2005) - Cable & Co. Worldwide Inc. (PINK SHEETS:CCWW) has wakened from a very long corporate hiatus. Former members of the Board of Directors have decided to reconstitute it by bringing in new shareholders, cleaning up the balance sheet, creating a top flight Board of Directors, and arranging for financing. The company endeavors to form an excellent corporate team that will find and evaluate merger candidates which could create significant shareholder value.

To this end, the company has retained Reitler Brown and Rosenblatt LLC of New York as its securities attorney and secured the services of Virginia K. Sourlis of Redbank, New Jersey as its special counsel in the matters of corporate due diligence. The company has also hired Stayner, Bates & Jensen PC of Salt Lake City as its accountants. They will immediately begin the work of getting the corporate records in order. Finally, Chisholm, Bierwolf & Nilson, LLC of Bountiful, Utah shall be the company's auditors.

The company expects to make further corporate announcements on it new Board members, its plans and executive team in the near future.

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications which may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above.

Contact Information

  • Cable & Co. Worldwide Inc.
    Corporate Liaison
    (250) 384-2077