SOURCE: Marketing Worldwide Corporation

January 19, 2007 05:00 ET

Marketing Worldwide Reports Sales for FY 2006 Increase by 18 Percent; Net Income Rises by 70%

HOWELL, MI -- (MARKET WIRE) -- January 19, 2007 -- Marketing Worldwide Corporation (MWW) (OTCBB: MWWC), a leader in car customization programs for major auto manufacturers, today announced that it filed with the SEC its annual report for Fiscal Year 2006, which ended September 30, 2006. The Company's sales increased by 18% to $9.54 million compared to $8.1 million in FY 2005. Net income was reported at $305,950, an increase of approximately 70% over $179,809 for FY 2005, while Income Before Taxes was recorded at $482,096 for FY 2006, an increase of approximately 74% over $276,584 for FY 2005.

Consolidated Statements of Income for the Two Years Ended September 30, 2006 and 2005 follow at the end of this release.

"Fiscal Year 2006 has been a significant year for us," said Michael Winzkowski, President, MWW. "While we have continued our track record of five years of increasing sales and profitability, we have also expanded our management team and product roster and have begun to aggressively pursue new customers in addition to our established relationships with several large Toyota vehicle processing centers during 2006."

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 (under construction) to see the latest company news and filings and subscribe to the MWW newsletter, or e-mail your questions to

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 of 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 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.

Consolidated Statements of Income

For the Two Years Ended September 30, 2006

                                                   2006             2005
                                               ----------       ----------
NET SALES                                      $9,476,148       $8,101,109

Cost of sales                                   7,042,925        6,071,550
                                               ----------       ----------
GROSS PROFIT                                    2,433,223        2,029,559
                                               ----------       ----------
     Selling expenses                             328,764          200,545
     General and administrative expenses        1,452,480        1,423,693
     Financial expenses                           169,883          132,479
                                               ----------       ----------
         TOTAL OPERATING EXPENSES               1,951,127        1,756,717
                                               ----------       ----------

INCOME FROM OPERATIONS                            482,096          272,842

Other income (expense)                            (10,175)           3,742
                                               ----------       ----------

INCOME BEFORE PROVISION FOR INCOME TAXES          471,921          276,584

Provision for income taxes                        117,704           96,775
                                               ----------       ----------
Income before minority interest                   354,217          179,809

Minority interest                                  48,267               --
                                               ----------       ----------
NET INCOME                                     $  305,950       $  179,809
                                               ----------       ----------
Basic earnings per share                       $     0.03   $         0.02
Dilutive earnings per share                    $     0.03   $         0.02

Weighted average common shares outstanding
 for basic earnings per share                  11,074,031       11,051,995
Weighted average common shares outstanding
 for dilutive earnings per share               12,324,031       11,051,995

Contact Information