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CCWW has submitted an application to the OTCBB, and also filed 10K-SB.
Cable & Co. Worldwide Files Its Annual Report on Form 10-K and Reiterates Its 2008 Business Plans Wednesday January 16, 1:00 pm ET
WESTPORT, CT--(MARKET WIRE)--Jan 16, 2008 -- Cable & Co. Worldwide, Inc. ("Cable") (Other OTC:CCWW.PK - News) today announced that its Annual Report on Form 10-K for the year 2007 has been filed, including its audited financial statement.
Gary Stein, President of Cable, stated, "As we reported last quarter, it is important that Cable be completely transparent and the inclusion of audited financials is a significant step in fulfilling this obligation." Mr. Stein further stated, "We will continue in the coming weeks to proceed with our business plan as previously announced. We are planning the closing of both the InMarketing Group Inc. and Aspen Media and Market Research, Ltd. acquisitions during the first quarter.
"Further, Cable has made the decision to submit an application to the Over the Counter Bulletin Board (OTC.BB)."
Mr. Stein indicated, "It is Cable's intention, subject to having a Registration Statement, including audited financial statements, declared effective in order to spin-off LifeHealthCare, Inc. into a fully reporting separate and distinct public entity. As a result of such spin-off, the shareholders of Cable would receive a stock dividend of one share of LifeHealthCare, Inc. for each share of Cable."
Cable & Co. Worldwide, Inc. also noted that it has filed an Information Statement to change the company's name to Market & Research Corp., which would result in a symbol change when finalized; a reduction in the number of authorized shares to 150 million and would implement a 150 to 1 reverse split of its shares. These changes are also expected to be completed this quarter.
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: Contact for further information: Gary Stein steincorp007**********
Homersbud
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1-150 RS...pos.
Federated Records
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reverse stock splits never work and just end up causing more problems than when you started... imho of course...
macdrsirules
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Agreed that R/S almost never work and that is because the company has reached their A/S and then R/S and then dilutes back to the A/S.
Will this co. do this? Only time will tell but I can tell you that this company did file their financials and did put in an application to move off of the pink sheets to the OTCBB. How many companies actually come through with their promises about moving off the pinks?
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