 |
Prospector
Profile
2-1-002
|
| |
| Cable & Co. Worldwide, Inc. |
NAICS |
551114 |
| 10 Wright St., Suite 220
Westport, CT 06880 |
Description |
Holding Companies |
| (203) 226-6646 |
Employees |
0 |
|
Revenue |
(mil) |
0.1220 |
| |
Income |
(mil) |
-1.6275 |
| |
Assets |
(mil) |
0.1170 |
| |
Liability |
(mil) |
0.2890 |
| |
(for the year ended 2007-09-30) |
| |
|
Category:
Audit Concerns
|
| |
|
Event:
Sobel and Co. LLC, raised substantial doubt on the ability of Cable & Co. Worldwide, Inc., to continue as a going concern after auditing its financial statements for the year ended September 30, 2007. The auditor notes that the Company has suffered recurring losses due to lack of operations, current liabilities exceed current assets and an accumulated deficit. The Company had a net loss of $1,627,543 for the year ended September 30, 2007, as compared with a net loss of $1,120,666 in the prior year. The Company's balance sheet at September 30, 2007, showed $117,203 in total assets, $289,357 in total liabilities resulting in a $172,154 stockholders’ deficit. The Company also has an accumulated deficit of $19,006,260 and working capital deficit of $271,084.
|
| |
|
Intellectual Property:
The Company relies on a combination of trade secrets, trademark law, contractual provisions, confidentiality agreements and certain technology and security measures to protect its trademarks, license, proprietary technology and know-how. The Company listed intellectual property valued at $96,730 consisting of patents as of September 30, 2007. [SEC Filing 10-KSB/A 01-16-08]
|
| |
|
Description:
Cable & Co. Worldwide, Inc., through its subsidiary, LifeHealthCare, Inc., intends to develop and commercialize over-the-counter, nonprescriptive dental care products.
|
| |
|
Officers:
Gary Stein (Pres.); Martin Licht (EVP); John Grippo (CFO); Mark Lazar (Dir.); Alberto Salvucci (Dir.); Steven Kessler (Dir.)
|
| |
|
Auditor:
Sobel & Co. LLC
|
| |
|
Securities:
Common Stock-Symbol CCWW.PK; Other OTC; 1,498,612,518 common shares outstanding as of January 4, 2008.
|
| |
| |
| |
| return to main page |
|
|
