SOURCE: Marketing Worldwide Corporation

February 21, 2007 07:00 ET

Marketing Worldwide Reports Net Sales up 10.6% for First Quarter of FY 2007

HOWELL, MI -- (MARKET WIRE) -- February 21, 2007 -- Marketing Worldwide Corporation (MWW) (OTCBB: MWWC), a leader in car customization programs for major auto manufacturers, today announced results for the Company's First Quarter of FY 2007, which ended December 31, 2006. (The Company's fiscal year end is September 30.)

Net sales for the period were $2,161,158, an increase of $208,878 or 10.6%, compared to $1,952,280 for the first quarter of FY2006. Management attributed the increase to higher initial volume associated with the Toyota Camry Spoiler sales, the new Camry Dual Exhaust system, and increased sales of the Matrix component supply program directly to Toyota Motor Manufacturing Canada (TMMC).

Gross margins for the first quarter 2007 increased to 29.9%, compared to 24% in the same quarter in 2006. Management attributed the higher margins to new programs that have been launched and continued material cost reductions that have been implemented.

Operating income during the three months ended December 31, 2006 rose to $63,274, an increase of $15,768 or 33.1%, compared to $47,506 for the same quarter in 2006.

The complete filing of Form 10QSB is available at www.sec.gov.

James Marvin, CFO/COO, MWW, said, "We are off to an excellent start in 2007, continuing the steady growth we experienced in 2006 and throughout the past 5 years. We are looking forward to the re-launch of our Tacoma Aero package and the initial launch of several Tundra accessory components, scheduled to begin for our Toyota clients in March or April."

The Company's largest customers are Southeast Toyota, Gulf States Toyota, Toyota Canada International and Toyota Motor Manufacturing Company in Canada. During 2006, MWW also began delivering first products to KIA Motors USA and has been awarded an excellence award for "Most Valuable Supplier" by KIA.

The Company plans to utilize its experience with the Toyota vehicle processing centers and apply this proven business model to other leading global automobile manufacturers. During 2007 MWW plans to design, manufacture and deliver several new large products and to expand its customer base, following the same successful strategy it has applied in the past. MWW will continue to design and manufacture innovative quality products for its customers and associate itself early with automobile manufacturers that provide quality automobiles and fast growing market share, sales and profits.

About Marketing Worldwide Corporation

Founded in 1999, MWW is a high quality, full-service OEM supplier for the automotive industry. MWW designs, develops and manufactures high quality (OE-grade) automotive accessory components for high-volume sales directly to the major automobile processing centers at their US entry ports and in Canada, for installation as either Port Installed Options (PIO) or Dealer Installed Options (DIO) programs. The majority of MWW's products are currently being designed and manufactured by MWW for Toyota and KIA passenger cars, SUVs and light trucks. MWW's corporate headquarters is in Howell, Michigan with support teams and satellite offices operating from different parts of the US and Germany. Please visit www.marketingworldwide.us (under construction) to see the latest company news and filings and subscribe to the MWW newsletter, or e-mail your questions to investorrelations@marketingworldwide.us.

Certain statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements, involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors discussed in the Company's periodic filings with the Securities and Exchange Commission, which are available for review at www.sec.gov under "Search for Company Filings."

Pursuant to a September 15, 2006 agreement, Consulting For Strategic Growth1, Ltd. ("CFSG1") provides Marketing Worldwide Corporation with consulting, business advisory, investor relations, public relations and corporate development services. Independent of CFSG1's receipt of cash compensation from MWW, CFSG1 may choose to purchase the company's common stock and thereafter liquidate those securities at any time it deems appropriate to do so.


                     MARKETING WORLDWIDE CORPORATION
               CONDENSED CONSOLIDATED STATEMENT OF INCOME
         FOR THE THREE MONTHS ENDED DECEMBER 31, 2006 AND 2005
                               (UNAUDITED)


                                                  2006            2005
                                              ------------    ------------

NET SALES                                     $  2,161,158    $  1,952,280

Cost of sales                                    1,514,178       1,476,968
                                              ------------    ------------
GROSS PROFIT                                       646,980         475,312
                                              ------------    ------------

OPERATING EXPENSES:
     Selling, general and administrative
      expenses                                     527,206         401,225
     Financial Expense                              56,500          26,581
                                              ------------    ------------
     TOTAL OPERATING EXPENSES                      583,706         427,806
                                              ------------    ------------

INCOME FROM OPERATIONS                              63,274          47,506

Other Expenses/ Income                              13,000              10
                                              ------------    ------------

INCOME BEFORE PROVISION FOR INCOME TAXES            50,274          47,516

Provision for income taxes                          12,000          16,630
                                              ------------    ------------
Income before minority interest                     38,274          30,886

Minority interest                                    5,999           3,569
                                              ------------    ------------

NET INCOME                                    $     32,275    $     27,317
                                              ============    ============
Earnings per share
   Basic                                      $       0.00    $       0.00
                                              ============    ============
   Diluted                                    $       0.00    $       0.00

                                              ============    ============
Weighted average common share outstanding
   Basic                                        11,228,280      11,051,995
                                              ============    ============
   Diluted                                      12,478,280      11,282,764
                                              ============    ============

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