COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Cable & Co. Worldwide Intends to Merge with LifeHealthCare Inc.
NEW YORK, Jan 11, 2006 (BUSINESS WIRE) -- Cable and Co. Worldwide Inc. (PINK SHEETS:CCWW) ("Cable & Co.") has announced that it intends to merge with LifeHealthCare Inc. ("LHCI"), which is an innovative provider of unique personal health and dental care products. LHCI currently has two products both of which are proprietary in the dental market place and are ready to be sold. Barry Levine, President of Cable & Co., commented, "Our search for a suitable company is over. We are very excited and anxious to complete due diligence and prepare the necessary documents in order to effectuate the merger. We anticipate closing sometime towards the end of March 2006."
Mr. Levine further stated, "The accountants for Cable & Co. are preparing its financial statements which will be filed shortly."
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.
Cable & Co. Worldwide Inc. (PINK SHEETS:CCWW)
SOURCE: Cable & Co. Worldwide Inc.
CONTACT: Cable and Co. Worldwide Inc. Corporate Liaison (250) 361-9460
Copyright Business Wire 2006
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KEYWORD: United States Canada North America New York INDUSTRY KEYWORD: Technology Telecommunications SUBJECT CODE: Merger/Acquisition
-------------------- ......in Psychiatry circles it's known as a "warning sign"
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i would radar this 1, it ont go lower than .004 so grab some...i been watching it consolidate...goin to be a great outcome 1s merger is complete imo
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May move some more on this news: has been moving like crazy the last few days
CCWW Is Acquiring INmarketing Which Has Annual Revenue of $12 Million Cable & Co. Worldwide, Inc. (PINKSHEETS: CCWW) ("Cable") has entered into a definitive agreement to purchase all of the capital stock of INmarketing Corp., a New Jersey corporation ("INmarketing") from its shareholders.
Headquartered in New Jersey, INmarketing Group, Inc. is a full service marketing company that provides comprehensive incentive and recognition programs. Its programs are designed to improve and enhance the behavior of individuals resulting positively to its clients by marketing expertise with technologically advanced on-line incentive and recognition applications. Results are delivered by identifying key issues, recommending effective solutions and offering the most sought after rewards in the industry. INmarketing effectively manages programs by employing communication strategies, continuing program analysis, program feedback and customer service. Its clients include such companies as Sharp Electronics, Travelers Insurance Home and Auto, Travelers Small Commercial, Hartz Pet Foods, Broadview, Bayer, A&P Stores and the like.
INmarketing's adjusted, unaudited EBITDA for the year ending December 31, 2007, will be $1,224,237 on sales of approximately $12 million.
Cable will acquire all of the outstanding equity of INmarketing for a purchase price of $6,121,185. Fifty percent of the purchase price will be paid in cash at the closing and the balance will be paid in the form of a promissory note, which, under certain circumstances, may be converted into common stock of Cable at the election of the note holders. The closing of the Acquisition remains subject to various conditions, and it is currently anticipated that the Acquisition will be consummated in or about January 2008.
Gary Stein, President of Cable, stated, "The acquisition of INmarketing will add great synergy to our previously announced understanding to acquire Quantum Research Services Inc. When these two acquisitions are completed, the combined Companies will have revenues in excess of approximately $17.0M and an adjusted EBITDA of approximately $1.6M. We are looking forward to growing both of these companies along with further acquisitions to build value for our shareholders." Mr. Stein further stated, "Additional news regarding Cable's plan to uplist to the American Stock Exchange will be released in the early part of next week, and over the course of the next several weeks additional information regarding the Cable's business plan will be forthcoming."
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.
About INmarketing
INmarketing is a leader in the incentive industry through the deployment of its exclusive, database-driven, web-enabled application to reward program strategies. INmarketing develops sales incentive programs, a safety incentive program, service award, recognition programs or customer loyalty programs for its customers.
About Quantum
Quantum currently provides consumer research services to the telecommunications, automotive, healthcare, banking and cable industries and provides a circulation and research service for Business-to-Business for these same industries.
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 for further information: Gary Stein at steincorp007**********
quote:Originally posted by bilgert: May move some more on this news: has been moving like crazy the last few days
CCWW Is Acquiring INmarketing Which Has Annual Revenue of $12 Million Cable & Co. Worldwide, Inc. (PINKSHEETS: CCWW) ("Cable") has entered into a definitive agreement to purchase all of the capital stock of INmarketing Corp., a New Jersey corporation ("INmarketing") from its shareholders.
Headquartered in New Jersey, INmarketing Group, Inc. is a full service marketing company that provides comprehensive incentive and recognition programs. Its programs are designed to improve and enhance the behavior of individuals resulting positively to its clients by marketing expertise with technologically advanced on-line incentive and recognition applications. Results are delivered by identifying key issues, recommending effective solutions and offering the most sought after rewards in the industry. INmarketing effectively manages programs by employing communication strategies, continuing program analysis, program feedback and customer service. Its clients include such companies as Sharp Electronics, Travelers Insurance Home and Auto, Travelers Small Commercial, Hartz Pet Foods, Broadview, Bayer, A&P Stores and the like.
INmarketing's adjusted, unaudited EBITDA for the year ending December 31, 2007, will be $1,224,237 on sales of approximately $12 million.
Cable will acquire all of the outstanding equity of INmarketing for a purchase price of $6,121,185. Fifty percent of the purchase price will be paid in cash at the closing and the balance will be paid in the form of a promissory note, which, under certain circumstances, may be converted into common stock of Cable at the election of the note holders. The closing of the Acquisition remains subject to various conditions, and it is currently anticipated that the Acquisition will be consummated in or about January 2008.
Gary Stein, President of Cable, stated, "The acquisition of INmarketing will add great synergy to our previously announced understanding to acquire Quantum Research Services Inc. When these two acquisitions are completed, the combined Companies will have revenues in excess of approximately $17.0M and an adjusted EBITDA of approximately $1.6M. We are looking forward to growing both of these companies along with further acquisitions to build value for our shareholders." Mr. Stein further stated, "Additional news regarding Cable's plan to uplist to the American Stock Exchange will be released in the early part of next week, and over the course of the next several weeks additional information regarding the Cable's business plan will be forthcoming."
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.
About INmarketing
INmarketing is a leader in the incentive industry through the deployment of its exclusive, database-driven, web-enabled application to reward program strategies. INmarketing develops sales incentive programs, a safety incentive program, service award, recognition programs or customer loyalty programs for its customers.
About Quantum
Quantum currently provides consumer research services to the telecommunications, automotive, healthcare, banking and cable industries and provides a circulation and research service for Business-to-Business for these same industries.
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 for further information: Gary Stein at steincorp007**********
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