UNITED
                STATES


SECURITIES
                AND EXCHANGE COMMISSION


WASHINGTON,
                D.C. 20549





FORM
              10-KSB/A


x
            
            ANNUAL
                REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
                ACT OF
                1934








For
                the fiscal
                year ended
            September
                30,
                2007




OR


o
            
            TRANSITION
                REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
                ACT OF
                1934








For
              the
              transition period from
            
            to






Commission
                file number
            0-20769


Cable
                & Co. Worldwide, Inc.(Exact
                name of Registrant as specified in its
                charter)






Delaware
            
            22-3341195(State
                or other jurisdiction of incorporation or organization)
            
            (I.R.S.
                Employer Identification No.)








10
                Wright St., Suite 220 Westport CT 06880(Address
                of Principal Executive Offices with Zip
                Code)


Registrant’s
                telephone number, including area code
            
            (203)
                226-6646




Securities
                registered pursuant to Section 12(b) of the Act:Title
                of each class
            
            Name
                of each exchange on which registeredNone
            
            None








Securities
                registered pursuant to Section 12(g) of the Act:Common
                Stock, $0.0001 par value(“Common
                Stock”)




Indicate
      by check mark whether the Registrant (1) has filed all reports required to
      be
      filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
      the
      preceding 12 months (or for such shorter period that the Registrant was required
      to file such reports), and (2) has been subject to such filing requirements
      for
      the past 90 days. Yes o  No  x




Indicate
      by check mark if disclosure of delinquent filers pursuant to Item 405 of
      Regulation S-K is not contained herein, and will not be contained, to the best
      of Registrant’s knowledge, in definitive proxy or information statements
      incorporated by reference in Part III of this Form 10-K or any amendment to
      the
      Form 10-K. o




Indicate
      by check mark whether the Registrant is an accelerated filer (as defined in
      Exchange Act Rule 12b-2)  Yes o No x




Indicate
      by check mark whether the registrant is a shell company (as defined in Rule
      12b-2 of the Exchange Act).Yes o No x





Issuer’s
      revenues for its most recent fiscal year: September 30, 2007 = $0





State
      the
      aggregate market value of the voting and non-voting common equity held by
      non-affiliates computed by reference to the price at which the stock was sold,
      or the average bid and asked prices of such common equity, as of a specific
      date
      within the past 60 days.  (see definition of affiliate in Rule 12b-2
      of the Exchange Act.)




The
      aggregate market value of the Registrant’s Common Stock held by non-affiliates
      of the Registrant as of January 4, 2008, was approximately
      $567,000.




Indicate
      the number of shares outstanding of each of the Registrant’s classes of common
      stock, as of the latest practicable date.




As
      of
      January 4, 2008, there were 1,498,612,518 shares of the Registrant’s Common
      Stock outstanding.













Cable
        & Co Worldwide, Inc. (the “Company”) is filing this Annual Report on Form
        10-KSB/A for the fiscal year ended September 30, 2007 in order to add certain
        Exhibits thereto, including Exhibit 3.1 (Certificate of Incorporation), Exhibit
        3.2 (Bylaws), and Exhibit 10.1 (Stock Purchase Agreement, dated as of March
        28,
        2006, between the Company and Martin Licht filed to replace Exhibit 10.1
        to 10.3
        to the Company’s Form 8-K dated May 10, 2006) and to correct the par value of
        the Company as listed therein.
   PART
        I.





CAUTIONARY
      NOTICE REGARDING
      FORWARD-LOOKING STATEMENTS





Some
      of the statements ofCable
& Co. Worldwide, Inc.(the “Company” or “Cable”)
      included in this Report, including matters discussed under the captions“Legal Proceedings” in Part I, Item 3, "Management's Discussion
      and Analysis of
      Financial Condition and Results of Operations"in Part II, Item 7
are "forward-looking
      statements."  Forward-looking statements include statements about the
      business strategies ofCable & Co. Worldwide, Inc., and other statements
      that are not
      historical facts.  The words "anticipate," "estimate," "project,"
      "intend," "expect," "believe," "forecast" and similar expressions are also
      intended to identify forward-looking statements, but some of these statements
      may use other phrasing.  These forward-looking statements are not
      guarantees of future performance and are subject to a number of risks,
      uncertainties and other factors that could cause the Company's actual results,
      performance or achievements to differ materially from those expressed or implied
      by these forward-looking statements.  These factors include, among
      other things:





·
            we
                may be unable to implement key
                elements of our business
                strategy;





·
            we
                may have insufficient capital
                to acquire additional
                businesses;





·
            we
                may be unable to retain key
                personnel;





Many
      of these factors are beyond our
      ability to control or predict, and readers are cautioned not to put undue
      reliance on such forward-looking statements.  We disclaim any
      obligation to update or revise publicly or otherwise any forward-looking
      statements to reflect subsequent events, new information or future
      circumstances, except as required by law.





Item
      1.Description
      of
      Business




Cable
&
Co.
      Worldwide, Inc.is currently a dormant company with no revenues or
      operations.




History




The
      Company, which was incorporated
      November 10, 1994, was a manufacturer, designer, importer and wholesaler of
      men's shoes.  In 1999, the Company ceased all operations and has
      remained in a dormant state since such date.  The Company has
      identified certain investments and is in the process of securing funds to
      acquire those investments and commence operations.  There is no
      guarantee that the Company will secure the necessary financing to operate or
      to
      acquire assets.




On
      October 17, 2005, a majority of shareholders passed a resolution to increase
      the
      number of authorized common shares to 250,000,000.  On January 30,
      2006 the holders of a majority of the outstanding common stock of the Company
      passed a resolution to increase the number of authorized common shares from
      250,000,000 to 1,500,000,000 and to lower the par value from $0.01 to
      $0.001.  The purpose of these resolutions was to create a sufficient
      number of shares of common stock to allow the Company to settle its last
      remaining liability and to commence operations.





On
      March
      28, 2006 the Company acquired all the stock of LifeHealthCare, Inc. (LHC) a
      Delaware corporation by issuing 600,000,000 shares of the Company’s common
      stock.  LHC’s value was set at $1,200,000 based on the market value of
      the Company’s shares issued.  LHC focused on the dental and healthcare
      marketplace.  LHC has no revenue and will require a significant amount
      of financing in order to commence operations.  The Company does not
      have access to the necessary financing at this time.  If financing is
      not obtained, LHC will not be able to commence operations.  As of the
      date of acquisition, LHC had incurred cumulative losses of approximately
      $71,000.  There is no certainty that even with financing, LHC will be
      able to commence operations or obtain profitable status.  Management
      has primarily focused its attention on the reorganization of Cable & Co.
      Worldwide, Inc. in order to prepare the Company for capital raising
      activities.  Neither company has devoted its attentions to financial
      planning, raising capital, research and development or any other activities
      that
      would be associated with the start up of operations.  As such, the
      companies do not qualify for classification as development stage
      accounting.






-1-





On
      December 18, 2007 the Company filed a
      Schedule 14 (C) with the Security and Exchange Commission announcing the
      approval by a majority of shareholders of the following:


A
      reverse Stock split of
      150:1.  As a result of the reverse split, the number of authorized and
      issued shares of common stock will be reduced to 9,990,751 from
      1,498,612,518.  A record date and an effective date of the stock split
      has not been determined by the board of directors.




A
      reduction of the authorized number of
      common stock from 1,500,000,000 to 150,000,000.  The effective date of
      the reduction has not yet been determined by the board of directors and has
      not
      been reflected in this document.




An
      amendment to change the name of the
      Company from Cable & Co. Worldwide, Inc. to Market & Research Corp and
      such name change has not been reflected in this document.


Each
      of
      these steps have been approved by the board of directors but are not yet
      effective.





Recent
      Transactions





On
      November 12, 2007, Cable & Co Worldwide, Inc. (the “Company”) entered
      into a Stock Purchase Agreement (the “Purchase Agreement”)
      with Andrew Perlmutter and David Weiss (collectively, the “Shareholders”).





The
      consummation of the stock purchase pursuant to the Purchase Agreement (the
      “Stock
      Purchase”) is subject to certain conditions set forth in the Purchase
      Agreement, including the continued accuracy of the representations and
      warranties made by all parties thereto and the parties’ continuing due diligence
      review.  Upon the closing of the Stock Purchase, the Company will
      purchase, and the Shareholders will sell, all of the shares (the “Shares”) of
      InMarketing Corp., a New Jersey corporation (“InMarketing”), to the
      Company.  InMarketing is in the business of designing proprietary
      software that provides a unique database-driven program to help companies build
      employee incentive programs.





The
      Company will purchase the Shares for $6,121,185.00.  Fifty percent
      (50%) of the purchase price will be paid upon the closing of the Stock Purchase,
      and the remaining fifty percent (50%) will be paid to the Shareholders pursuant
      to certain promissory notes issued by the Company.  Upon the closing
      of the Stock Purchase, the Shares will be held in escrow, until the purchase
      price has been paid in full.





As
      of
      November 5, 2007, the Company entered into a Stock Purchase Agreement (the
      “Aspen Purchase
      Agreement”)  with Frank H. Schaller, Robert E. Hall, Paul K.
      Cowhig III, Matthew A. Lambert, and Sherrie L. Smith (collectively, the “Aspen
      Shareholders”).







-2-


The
      consummation of the stock purchase pursuant to the Aspen Purchase Agreement
      (the
“Aspen Stock
      Purchase” is subject to certain conditions set forth in the Aspen
      Purchase Agreement, including the continued accuracy of the representations
      and
      warranties made by all parties thereto and the parties’ continuing due diligence
      review.  Upon the closing of the Aspen Stock Purchase, the Company
      will purchase, and the Aspen Shareholders will sell, all of the shares (the
      “Aspen Shares”)
      of Quantum Research Services, Inc., d/b/a Aspen Media and Market Research,
      Ltd.,
      a Colorado corporation (“Aspen”), to the
      Company.  Aspen is in the business of providing market research
      services, including: (i) research field services; (ii) circulation –
subscription renewal and acquisitions; (iii) sales lead qualification program
      and specialized services; (iv) relational database creation and list
      consolidation; and (v) print-to-electronic file conversion.





The
      Company will purchase the Aspen Shares for $2,041,976.00.  Fifty
      percent (50%) of the purchase price for the Aspen Shares will be paid upon
      the
      closing of the Aspen Stock Purchase, and the remaining fifty percent (50%)
      will
      be paid to the Aspen Shareholders pursuant to the terms of certain promissory
      notes (the “Notes”) issued
      by the
      Company.  At closing, the Notes shall be secured by the Company’s
      pledge of the Aspen Shares between the Company and the Aspen
      Shareholders.








Description
      of Our Subsidiaries and Investments






The
      Company has one subsidiary LifeHealthCare, Inc., at this
      time.  LifeHealthCare, Inc. has not commenced operations.




Employees




As
      of
      January 4, 2008, the Company employed no employees.




The
      Company cannot be assured of being able to attract qualified employees in the
      future.




Item
      2.Description
      of
      Property




The
      Company’s principal executive offices are located at 10 Wright St, suite 220
      Westport CT 06880, at no cost.  As the Company has no employees, the
      office is primarily for mail and phone calls, there is an estimate of $5,000
      per
      year for the value for the space included in the financial
      statements.




Item
      3.Legal
      Proceedings




None.




Item
      4.Submission
      of
      Matters to a Vote of Security Holders.




None.








-3-




PART
      II.




Item
      5.Market
      for
      Registrant’s Common Equity, Related Stockholder Matters and Small Business
      Issuer Purchases of Equity Securities




The
      common stock was suspended from trading on the Nasdaq National Market because
      the Company had no assets.  Since its stock was delisted, the common
      stock has been traded on the “pink sheets” or over-the-counter-market under the
      symbol CCWW.PK.  The “pink sheets” is an over-the-counter market which
      provides significantly less liquidity than established stock exchanges or the
      Nasdaq National Market, and quotes for stocks included in the “pink sheets” are
      not listed in the financial sections of newspapers as are those for established
      stock exchanges and the Nasdaq National Market.  The following table
      sets forth, for the periods indicated the high and low closing sales prices
      for
      our common stock.






High
            
            
            LowCommon
                Stock Fiscal 20061st
                Quarter
            
            $
            .0027
            
            
            $
            .00102nd
                Quarter
            
            $
            .0055
            
            
            $
            .00203rd
                Quarter
            
            $
            .0030
            
            
            $
            .00074th
                Quarter
            
            $
            .001
            
            
            $
            .0003Common
                Stock Fiscal 20071st
                Quarter
            
            $
            .0005
            
            
            $
            .00022nd
                Quarter
            
            $
            .0008
            
            
            $
            .00023rd
                Quarter
            
            $
            .0007
            
            
            $
            .00034th
                Quarter
            
            $
            .0015
            
            
            $
            .0003





The
      closing price of our common stock on January 4, 2008 was $.0014.





As
      of
      January 4, 2008, there were approximately 140 holders of record of common
      stock.





The
      Company has never declared or paid any cash dividends on the common stock.
      The
      Company does not anticipate declaring or paying any dividends on the common
      stock in the foreseeable future.  The Company currently intends to
      retain future earnings, if any, to finance the expansion of its
      business.




Equity
      Compensation Plan Information





The
      Company does not maintain any stock option or other equity compensation plan
      at
      the date hereof.




Item
          6.








Background
      and History




The
      Company, which was incorporated
      November 10, 1994, was a manufacturer, designer, importer and wholesaler of
      men's shoes.  In 1999, the Company ceased all operations and has
      remained in a dormant state since such date.  The Company has
      identified certain investments and is in the process of securing funds to
      acquire those investments and commence operations.  There is no
      guarantee that the Company will secure the necessary financing to operate or
      to
      acquire assets.






-4-




On
      October 17, 2005, a majority of shareholders passed a resolution to increase
      the
      number of authorized common shares to 250,000,000.  On January 30,
      2006 the holders of a majority of the outstanding common stock of the Company
      passed a resolution to increase the number of authorized common shares from
      250,000,000 to 1,500,000,000 and to lower the par value from $0.01 to
      $0.001.  The purpose of these resolutions was to create a sufficient
      number of shares of common stock to allow the Company to settle its last
      remaining liability and to commence operations.





On
      March
      28, 2006 the Company acquired all the stock of LifeHealthCare, Inc. (LHC) a
      Delaware corporation by issuing 600,000,000 shares of the Company’s common
      stock.  LHC’s value was set at $1,200,000 based on the market value of
      the Company’s shares issued.  LHC is focused on the dental and
      healthcare marketplace.  LHC has no revenue and will require a
      significant amount of financing in order to commence operations.  The
      Company does not have access to the necessary financing at this
      time.  If financing is not obtained, LHC will not be able to commence
      operations.  There is no certainty that even with financing, LHC will
      be able to commence operations or obtain profitable status.




On
      December 18, 2007 the Company filed a
      Schedule 14 (C) with the Security and Exchange Commission announcing the
      approval by a majority of shareholders of the following:


A
      reverse Stock split of
      150:1.  As a result of the reverse split, the number of authorized and
      issued shares of common stock will be reduced to 9,990,751 from
      1,498,612,518.  A record date and an effective date of the stock split
      has not been determined by the board of directors.




A
      reduction of the authorized number of
      common stock from 1,500,000,000 to 150,000,000.  The effective date of
      the reduction has not been determined by the board of directors and is not
      reflected in these financial statments.




An
      amendment to change the name of the
      Company from Cable & Co. Worldwide, Inc. to Market & Research Corp and
      such name change has not been reflected in this document.


Each
      of
      these steps have been approved by the board of directors but are not yet
      effective.







Critical
      Accounting Policies




Use
      of Estimates




The
      preparation of financial statements in conformity with accounting principles
      generally accepted in the United States requires management to make estimates
      and assumptions that affect the reported amounts of assets and liabilities,
      disclosure of contingent assets and liabilities at the date of the financial
      statements and the reported amounts of revenues and expenses during the
      reporting period. Actual results could differ from those estimates.




Goodwill
      Valuation




Goodwill
      represents the excess of the
      purchase price over the fair market value of net assets acquired. The process
      of
      determining goodwill requires judgment.  Evaluating goodwill for
      impairment involves the determination of the fair market value of our reporting
      units. Inherent in such fair market value determinations are certain judgments
      and estimates, including the interpretation of current economic indicators
      and
      market valuations, and our strategic plans with regard to our operations. To
      the
      extent additional information arises or our strategies change, it is possible
      that our conclusion regarding goodwill impairment could change, which could
      have
      a material effect on our financial position and results of operations. For
      those
      reasons, we believe that the accounting estimate related to goodwill impairment
      is a critical accounting estimate.







-5-


The
      Company reviews goodwill annually
      (or more frequently under certain conditions) for impairment in accordance
      with
      SFAS No. 142, goodwill and other intangible assets.The Company performed
      its annual impairment test of goodwill as of September 30, 2007 and determined
      that goodwill was fully impaired.





Intangible
      Assets




Intangible
      assets, excluding goodwill, are stated on the basis of cost and are amortized
      on
      a straight-line basis over estimated lives of three to ten
      years.  Intangible assets with indefinite lives are not amortized but
      are evaluated for impairment annually unless circumstances dictate
      otherwise.  Management periodically reviews intangible assets for
      impairment based on an assessment of undiscounted future cash flows, which
      are
      compared to the carrying value of the intangible assets.  Should these
      cash flows not equate to or exceed the carrying value of the intangible, a
      discounted cash flow model is used to determine the extent of any impairment
      charge required.  The net intangible assets recorded on the books of
      the Company as of September 30, 2007 totals $96,730.  The goodwill
      balance as of September 30, 2007 was determined to be fully impaired and was
      written down to zero.





Income
      Taxes




The
      Company accounts for its income
      taxes using SFAS No. 109, “Accounting
      for
      Income Taxes”, which
      requires the recognition of deferred tax liabilities and assets for expected
      future tax consequences of events that have been included in the financial
      statements or tax returns.  Under this method, deferred tax
      liabilities and assets are determined based on the difference between the
      financial statement and tax bases of assets and liabilities using enacted tax
      rates in effect for the year in which the differences are expected to
      reverse.




Risk
      Factors





We
      have a limited operating history and
      a history of substantial operating losses and we may not be able to continue
      our
      business.





We
      have a history of substantial
      operating losses.  For the year ended September 30, 2007, our net loss
      was $1,627,543.We
      have historically
      experienced cash flow difficulties primarily because our expenses have exceeded
      our revenues.  We expect to incur additional operating losses for the
      immediate near future.  These factors, among others, raise significant
      doubt about our ability to continue as a going concern.  If we are
      unable to generate sufficient revenue from our operations to pay expenses or
      we
      are unable to obtain additional financing on commercially reasonable terms,
      our
      business, financial condition and results of operations will be materially
      and
      adversely affected.





We
      will need additional financing in
      order to continue our operations which we may not be able to
      raise.





We
      will require additional capital to
      finance our future operations.  We can provide no assurance that we
      will obtain additional financing sufficient to meet our future needs on
      commercially reasonable terms or otherwise.  If we are unable to
      obtain thenecessary financing, our business, operating results and financial
      condition will be materially and adversely affected.







-6-


We
      have no employees and our success is
      dependent on our ability to retain and attract consultants to operate our
      business and there is no assurance that we can do so.





As
      discussed above, as of September 30,
      2007, we have no employees and utilize the services of consultants.  They
      are not otherwise prohibited from terminating their consulting relationship
      with
      the Company.  The loss of the knowledge and management and industry
      expertise of any of these key consultants could have a material adverse impact
      on our future prospects.  Once we are sufficiently capitalized, we
      will need to recruit new executive managers and hire employees to help us
      execute our business strategy and help manage the growth of our
      business.  Our business could suffer if we were unable to attract and
      retain additional highly skilled personnel or if we were to lose any key
      personnel and not be able to find appropriate replacements in a timely
      manner.





Our
      performance depends on market
      acceptance of our products and we cannot be sure that our products are
      commercially viable.





We
      expect to derive a substantial
      portion of our future revenues from the sales ofour productsthat are in the pre
      development
      phase.  Although we believe our products and technologies will be
      commercially viable, there is no guarantee that they will be
      successful.  If markets for our products fail to develop, develop more
      slowly than expected or are subject to substantial competition, our business,
      financial condition and results of operations will be materially and adversely
      affected.





We
      depend on strategic marketing
      relationships and if we fail to maintain or establish them, our business planmay
      not succeed.





We
      expect our future marketing efforts
      will focus in part on developing business relationships with distributors that
      will market our products to their customers.  The success of our
      business depends on selling our products and technologies to a large number
      of
      distributors and retail customers.





Litigation
      concerning intellectual
      property could adversely affect our business.





We
      rely on a combination of trade
      secrets, trademark law, contractual provisions, confidentiality agreements
      and
      certain technology and security measures to protect our trademarks, license,
      proprietary technology and know-how.  However, we can provide no
      assurance that competitors will not infringe upon our rights in our intellectual
      property or that competitors willnot similarly make claims against us for
      infringement.  If we are required to be involved in litigation
      involving intellectual property rights, our business, operating results and
      financial condition will be materially and adversely
      affected.





It
      is possible that third parties might
      claim infringement by us with respect to past, current or future
      technologies.  We expect that participants in our markets will
      increasingly be subject to infringement claims as the number of services and
      competitors in our industry grows.  Any claims, whether meritorious or
      not, could be time-consuming, result in costly litigation and could cause
      service upgrade delays or require us to enter into royalty or licensing
      agreements.  These royalty or licensing agreements might not be
      available on commercially reasonable terms or at all.





Defects
      in our products may adversely
      affect our business.





Complex
      technologies such as the
      technologies developed by us may contain defects when introduced and also when
      updates and new products are released.  Our introduction of technology
      with defects or quality problems may result in adverse publicity, product
      returns, reduced orders, uncollectible or delayed accounts receivable, product
      redevelopment costs, loss of or delay in market acceptanceof our products or
      claims by customers or others against us.  Such problems or claims may
      have a material and adverse effect on our business, financial condition and
      results of operations.






-7-




The
      large number of shares eligible for
      public sale could cause our stock price to decline.




The
      market price of our common stock
      could decline as a result of the resale of the shares of common
      stock.  These sales also might make it more difficult for us to sell
      equity securities in the future at a time and price that we deem
      appropriate.




There
      are a significant number of
      estimates associated with the preparation of our financial
      statements.




In
      order to prepare the financial
      statements for our Company, management must make numerous
      estimates.  Some of the estimates include estimated lives of fixed
      assets, various estimates needed to determine the recoverability of goodwill
      or
      intangible assets as well as other computations used to prepare the financial
      statements.   These estimates can have a material effect on the
      financial statements.




Our
      stock price can be extremely
      volatile.




Our
      common stock is traded on the OTC
      Bulletin Board. There can be no assurance that an active public market will
      continue for the common stock, or that the market price for the common stock
      will not decline below its current price. Such price may be influenced by
      many factors, including, but not limited to, investor perception of us and
      our
      industry and general economic and market conditions. The trading price of the
      common stock could be subject to wide fluctuations in response to announcements
      of our business developments or our competitors, quarterly variations in
      operating results, and other events or factors. In addition, stock markets
      have
      experienced extreme price volatility in recent years. This volatility has had
      a
      substantial effect on the market prices of companies, at times for reasons
      unrelated to their operating performance. Such broad market fluctuations may
      adversely affect the price of our common stock.




Trading
      on the OTC
      Bulletin Board may be sporadic because it is not a stock exchange, and
      stockholders may have difficulty reselling their shares.




Our
      common stock is quoted on the OTC
      Bulletin Board. Trading in stock quoted on the OTC Bulletin Board is often
      thin
      and characterized by wide fluctuations in trading prices, due to many factors
      that may have little to do with our operations or business prospects. Moreover,
      the OTC Bulletin Board is not a stock exchange, and trading of securities on
      the
      OTC Bulletin Board is often more sporadic than the trading of securities listed
      on the Nasdaq SmallCap.




If
      we fail to remain current on our
      reporting requirements, we could be removed from the OTC Bulletin Board which
      would limit the ability of broker-dealers to sell our securities and the ability
      of stockholders to sell their securities in the secondary
      market.




Companies
      trading on the OTC Bulletin
      Board, such as us, must be reporting issuers under Section 12 of the Securities
      Exchange Act of 1934, as amended, and must be current in their reports under
      Section 13, in order to maintain price quotation privileges on the OTC Bulletin
      Board. If we fail to remain current on our reporting requirements, shares of
      our
      common stock could be removed from the OTC Bulletin Board. As a result, the
      market liquidity for our securities could be severely adversely affected by
      limiting the ability of broker-dealers to sell our securities and the ability
      of
      stockholders to sell their securities in the secondary
      market.






-8-




Our
      common stock is subject to the
“penny stock” rules of the SECand the trading market in our securities is
      limited, which makes transactions in our stock cumbersome and may reduce the
      value of an investment in our stock.




The
      Securities and Exchange Commission
      has adopted Rule 15g-9 which establishes the definition of a “penny stock,”for
      the purposes relevant to us, as any equity security that has a market price
      of
      less than $5.00 per share or with an exercise price of less than $5.00 per
      share, subject to certain exceptions. For any transaction involving a penny
      stock, unless exempt, the rules require that a broker or dealer approve a
      person's account for transactions in penny stocks and the broker or dealer
      receive from the investor a written agreement to the transaction, setting forth
      the identity and quantity of the penny stock to be
      purchased.




In
      order to approve a person's account
      for transactions in penny stocks, the broker or dealer must obtain financial
      information and investment experience objectives of the person and make a
      reasonable determination that the transactions in penny stocks are suitable
      for
      that person and the person has sufficient knowledge and experience in financial
      matters to be capable of evaluating the risks of transactions in penny
      stocks.




The
      broker or dealer must also deliver,
      prior to any transaction in a penny stock, a disclosure schedule prescribed
      by
      the Commission relating to the penny stock market, which, in highlight form
      sets
      forth the basis on which the broker or dealer made the suitability determination
      and that the broker or dealer received a signed, written agreement from the
      investor prior to the transaction.




Generally,
      brokers may be less willing
      to execute transactions in securities subject to the “penny stock”rules. This
      may make it more difficult for investors to dispose of our common stock and
      cause a decline in the market value of our stock.




Disclosure
      also has to be made about the
      risks of investing in penny stocks in both public offerings and in secondary
      trading and about the commissions payable to both the broker-dealer and the
      registered representative, current quotations for the securities and the rights
      and remedies available to an investor in cases of fraud in penny stock
      transactions. Finally, monthly statements have to be sent disclosing recent
      price information for the penny stock held in the account and information on
      the
      limited market in penny stocks.




We
      do not expect to pay dividends on our
      common stock.




We
      have not declared dividends on our
      common stocksince our incorporation and we have no present intention of paying
      dividends on our common stock.   MANY
      OF THESE RISKS
      AND UNCERTAINTIES ARE OUTSIDE OF OUR CONTROL AND ARE DIFFICULT FOR US TO
      FORECAST. ACTUAL RESULTS MAY DIFFER MATERIALLY FROM THOSE EXPRESSED OR IMPLIED
      IN THE FORWARD-LOOKING STATEMENTS.







-9-






Results
      of Operations




Fiscal
      2007 compared to Fiscal 2006




Revenues





The
      Company had no revenues or operations in either 2007 or 2006.




Cost
      of Sales





The
      Company had no cost of sales or operations in either 2007 or 2006.




Selling,
      General and Administrative Expenses





The
      Company recognized $458,344 in administrative and professional expenses and
      impairment loss of $1,169,199 in 2007.  The Company recognized
      $1,120,666in
      administrative expenses in 2006.  The expenditures for administrative
      expenses were primarily related to efforts to revive the Company.  The
      decrease was due primarily to the issue of stock for services in
      2006.  There were no issuances of stock for services in 2007, however
      the Company did record $300,000 in directors’ fees which were capitalized in
      2006 as prepaid expenses.  The directors’ fees were paid through the
      issuance of 150,000,000 shares of common stock in 2006.  The Company
      performed a test of the impairment of goodwill at the end of the fiscal year
      and
      determined that the goodwill was fully impaired.  The goodwill was
      related to the acquisition of LifeHealthCare, Inc.





Provision
      for Income Taxes





The
      Company had no income tax expense, net of valuation allowance on deferred taxes
      in either 2007 or 2006.




Net
      Loss





The
      Company recognized net losses of $1,627,543 during fiscal 2007 as compared
      to
      $1,120,666 during the prior year for an overall increase in net loss of
      $506,877. The increase was due primarily to the impairment of
      goodwill.





Financial
      condition, liquidity and capital resources




We
      have
      incurred cumulative losses since inception, and the report from of our
      independent auditor on our audited financial statements at September 30, 2007
      contains a going concern statement. We will continue to incur losses during
      the
      foreseeable future and have yet to achieve revenues sufficient to offset direct
      expenses and corporate overhead. We do not have any present commitments for
      capital expenditures. We cannot guaranty that we will be successful in our
      efforts to initiate operations.




We
      do not
      have adequate working capital for the near term. We will continue to be reliant
      on loans from our officers to provide working capital. If our officers are
      unable to continue to loan us working capital, or we do not raise working
      capital through other efforts, we cannot guarantee that we will be successful
      in
      obtaining capital upon terms acceptable to us, if at all. Our failure to secure
      necessary capital when needed could have a material adverse effect on our
      financial condition and results of operations in future periods.









-10-




The
      following table is a summary of contractual obligations recorded as of September
      30, 2007.




Payments
                due by periodMore
                thanContractual
                Obligations
            
            Total
            
            
            Less
                than 1 Year
            
            
            1-3
                years
            
            
            3-5
                years
            
            
            5
                yearsLong-Term
                Debt Obligations
            
            $
            0
            
            
            $
            0
            
            
            $
            0
            
            
            $
            0
            
            
            $
            0Operating
                Lease Obligations
            
            
            0
            
            
            
            0
            
            
            
            0
            
            
            
            0
            
            
            
            0Purchase
                Obligations
            
            
            0
            
            
            
            0
            
            
            
            0
            
            
            
            0
            
            
            
            0Employment
                Contracts
            
            
            0
            
            
            
            0
            
            
            
            0
            
            
            
            0
            
            
            
            0Total
            
            $
            0
            
            
            $
            0
            
            
            $
            0
            
            
            $
            0
            
            
            $
            0










-11-










Cable
      & Co. Worldwide, Inc. and Subsidiary





TABLE OF CONTENTSPAGEReport
                of Registered Independent Public Accounting Firm
            F-1FINANCIAL
                STATEMENTSConsolidated
                Balance Sheets
            F-2Consolidated
                Statements of Operations
            F-3Consolidated
                Statements of Stockholders’ Equity (Deficit)
            F-4Consolidated
                Statements of Cash Flows
            F-5Notes
                to Financial Statements
            F-6
                – F-14














-1-





REPORT
      OF INDEPENDENT
      REGISTERED PUBLIC ACCOUNTING FIRM








To
      the
      Board of Directors and Stockholders


Cable
      & Co. Worldwide, Inc.


Westport,
      CT








We
      have
      audited the accompanying consolidated balance sheet of Cable & Co.
      Worldwide, Inc. and Subsidiary (the “Company”) as of September 30, 2007 and the
      related consolidated statements of operations, stockholders’ equity (deficit)
      and cash flows for the years ended September 30, 2007 and 2006.  These
      consolidated financial statements are the responsibility of the Company’s
      management.  Our responsibility is to express an opinion on these
      consolidated financial statements based on our audits.





We
      conducted our audits in accordance with the standards of the PCAOB (United
      States).  Those standards require that we plan and perform the audits
      to obtain reasonable assurance about whether the financial statements are free
      of material misstatement.  The Company is not required to have, nor
      were we engaged to perform, an audit of its internal control over financial
      reporting.  Our audits included consideration of internal control over
      financial reporting as a basis for designing audit procedures that are
      appropriate in the circumstances, but not for the purpose of expressing an
      opinion on the effectiveness of the Company’s internal control over financial
      reporting.  Accordingly, we express no such opinion.  An
      audit includes examining, on a test basis, evidence supporting the amounts
      and
      disclosures in the financial statements.  An audit also includes
      assessing the accounting principles used and significant estimates made by
      management, as well as evaluating the overall financial statement
      presentation.  We believe that our audits provide a reasonable basis
      for our opinion.





In
      our
      opinion, the accompanying consolidated financial statements referred to above
      present fairly, in all material respects, the consolidated financial position
      of
      Cable & Co. Worldwide, Inc. and Subsidiary at September 30, 2007 and the
      results of their operations and their cash flows for the years ended September
      30, 2007 and 2006, in conformity with accounting principles generally accepted
      in the United States of America.





The
      accompanying consolidated financial statements have been prepared assuming
      that
      the Company will continue as a going concern.  As discussed in Note 3
      to the consolidated financial statements, Cable & Co. Worldwide, Inc. and
      Subsidiary has suffered recurring losses due to lack of operations, current
      liabilities exceed current assets and an accumulated deficit. These matters
      raise substantial doubt about the company’s ability to continue as a going
      concern.  Management’s plans in regard to these matters are also
      described in Note 3.  The consolidated financial statements do not
      include any adjustments that might result from the outcome of these
      uncertainties.







/s/
      Sobel
      and Co., LLC


Sobel
      & Co., LLC


Certified
      Public Accountants




Livingston,
      NJ


January
      14, 2008







F-1


Cable
      & Co. Worldwide, Inc. and Subsidiary


CONSOLIDATED
      BALANCE SHEET


SEPTEMBER
      30, 2007






2007ASSETSCurrent
                assets:Prepaid
            
            $
            18,273Total
                current assets
            
            
            18,273Other
                assets:Deposit
            
            
            2,200Intellectual
                property, net of amortization
            
            
            85,000Patent
                related costs
            
            
            11,730Total
                other assets
            
            
            98,930Total
                Assets
            
            $
            117,203LIABILITIES
                AND STOCKHOLDERS’ DEFICITCurrent
                liabilities:Accrued
                liabilities
            
            $
            93,928Due
                to officer
            
            
            195,429Total
                current liabilities
            
            
            289,357Total
                Liabilities
            
            
            289,357Commitments
                and ContingenciesStockholders’
                Deficit:Preferred
                Stock, $.01 par value; authorized 1,500,000 shares; no shares
                issued
            
            
            --Common
                stock, $0.01 par value,1,500,000,000 shares authorized; 1,498,612,518
                shares issued and outstanding
            
            
            1,498,613Additional
                paid-in capital
            
            
            17,335,493Accumulated
                deficit
            
            
            (19,006,260
            )Total
                Stockholders’ Deficit
            
            
            (172,154
            )Total
                Liabilities and Stockholders’ Deficit
            
            $
            117,203









See
          report of independent registered public accounting firm and accompanying
          notes
          to consolidated financial statements
 F-2


Cable
      & Co. Worldwide, Inc. and Subsidiary


CONSOLIDATED
      STATEMENTS OF OPERATIONS


YEARS
      ENDED SEPTEMBER 30, 2007 AND 2006




2007
            
            
            2006Revenues
            
            $
            0
            
            
            $
            0Professional
                fees
            
            
            122,151
            
            
            
            1,107,043Impairment
                loss
            
            
            1,169,199
            
            
            
            -General
                & administrative expenses
            
            
            336,193
            
            
            
            13,623Total
                selling, general and administration expenses
            
            
            1,627,543
            
            
            
            1,120,666Net
                loss before income tax
            
            
            (1,627,543
            )
            
            
            (1,120,666
            )Provision
                for income taxes
            
            
            -
            
            
            
            -Net
                loss
            
            $
            (1,627,543
            )
            
            $
            (1,120,666
            )Loss
                per Share - Basic and Diluted
            
            $
            (0.00
            )
            
            $
            (0.00
            )Weighted
                Average Common Stock Outstanding
            
            
            1,498,612,518
            
            
            
            795,558,539











See
          report of independent registered public accounting firm and accompanying
          notes
          to consolidated financial statements
 F-3





Cable
      & Co. Worldwide, Inc. and Subsidiary


CONSOLIDATEDSTATEMENTS
      OF STOCKHOLDERS’ EQUITY (DEFICIT)


YEARS
      ENDED SEPTEMBER 30, 2007 AND 2006




Preferred
                Stock
            
            
            Common
                StockShares
            
            
            Amount
            
            
            Shares
            
            
            Amount
            
            
            Prepaid
                Expenses
            
            
            Additional
              Paid-In
              Capital
            
            
            Accumulated
              Deficit
            
            
            TotalBalance,
                October 1, 2005
            
            
            -
            
            
            $
            -
            
            
            
            43,838,971
            
            
            $
            438,390
            
            
            $
            -
            
            
            $
            15,328,676
            
            
            $
            (16,258,051
            )
            
            $
            (490,985
            )Shares
                issued for debt relief
            
            
            -
            
            
            
            -
            
            
            
            194,396,464
            
            
            
            1,943,965
            
            
            
            -
            
            
            
            (1,457,980
            )
            
            
            -
            
            
            
            485,985Reduction
                of par value from $0.01
              to
                $0.001
            
            
            -
            
            
            
            -
            
            
            
            -
            
            
            
            (2,144,119
            )
            
            
            -
            
            
            
            2,144,119
            
            
            
            -
            
            
            
            -Shares
                issued for acquistioin of
              LifeHealthCare,
                Inc.
            
            
            -
            
            
            
            -
            
            
            
            600,000,000
            
            
            
            600,000
            
            
            
            -
            
            
            
            600,000
            
            
            
            -
            
            
            
            1,200,000Issuance
                of common stock for services
            
            
            -
            
            
            
            -
            
            
            
            660,377,083
            
            
            
            660,377
            
            
            
            (300,000
            )
            
            
            720,678
            
            
            
            -
            
            
            
            1,081,055Net
                loss for the year ended
              September
                30, 2006
            
            
            -
            
            
            
            -
            
            
            
            -
            
            
            
            -
            
            
            
            -
            
            
            
            -
            
            
            
            (1,120,666
            )
            
            
            (1,120,666
            )Balance,
                September 30, 2006
            
            
            -
            
            
            
            -
            
            
            
            1,498,612,518
            
            
            
            1,498,613
            
            
            
            (300,000
            )
            
            
            17,335,493
            
            
            
            (17,378,717
            )
            
            
            1,155,389Amortization
                of Prepaid Expenses
            
            
            -
            
            
            
            -
            
            
            
            -
            
            
            
            -
            
            
            
            300,000
            
            
            
            -
            
            
            
            -
            
            
            
            300,000Net
                loss for the year ended
              September
                30, 2007
            
            
            -
            
            
            $
            -
            
            
            
            -
            
            
            
            -
            
            
            
            -
            
            
            
            -
            
            
            
            (1,627,543
            )
            
            
            (1,627,543
            )-
            
            
            $
            -
            
            
            $
            1,498,612,518
            
            
            $
            1,498,613
            
            
            $
            -
            
            
            $
            17,335,493
            
            
            $
            (19,006,260
            )
            
            $
            (172,154
            )











See
          report of independent registered public accounting firm and accompanying
          notes
          to consolidated financial statements
 F-4





Cable
                & Co. Worldwide, Inc. and SubsidiaryCONSOLIDATED
                STATEMENTS OF CASH FLOWSYEARS
                ENDED SEPTEMBER 30, 2007 AND 20062007
            
            
            2006Cash
                Flows from Operating ActivitiesNet
                loss
            
            $
            (1,627,543
            )
            
            $
            (1,120,666
            )Impairment
                loss - Goodwill
            
            
            1,169,199
            
            
            
            -Shares
                issued for services
            
            
            300,000
            
            
            
            1,081,056Amortization
                of intellectual property
            
            
            10,000
            
            
            
            5,000Changes
                in assets and liabilitiesIncrease
                in Patent and CE related costs
            
            
            (5,000
            )
            
            
            -Increase
                in Prepaid expenses
            
            
            (17,925
            )
            
            
            (348
            )Increase
                in accrued liabilities
            
            
            61,058
            
            
            
            29,870Net
                Cash Used in Operating Activities
            
            
            (110,211
            )
            
            
            (5,088
            )Cash
                Flows from Financing ActivitiseProceeds
                from officer
            
            
            110,221
            
            
            
            5,088Net
                Cash Provided by Financing Activities
            
            
            110,221
            
            
            
            5,088Cash
                and Cash Equivalents, Beginning
            
            
            -
            
            
            
            -Cash
                and Cash Equivalents, Ending
            
            $
            -
            
            
            $
            -Supplemental
                Disclosure of Cash Flow InformationCash
                paid during the year for interest
            
            $
            -
            
            
            $
            -Cash
                paid during the year for income taxes
            
            $
            -
            
            
            $
            -Non
                Cash Financing and Investing ActivitiesShares
                issued for debt relief
            
            $
            -
            
            
            $
            486,985Shares
                issued in advance for services
            
            $
            -
            
            
            $
            300,000Shares
                issued for the acquisition of LifeHealthCare, Inc.
            
            $
            -
            
            
            $
            1,200,000














See
      report of independent registered public accounting firm and accompanying notes
      to consolidated financial statements








See
          report of independent registered public accounting firm and accompanying
          notes
          to consolidated financial statements
 F-5






Cable
      & Co. Worldwide, Inc.and
      Subsidiary


notes
      to CONSOLIDATED financial statements








NOTE
      1.ORGANIZATION
      AND
      PRINCIPAL ACTIVITIES OF THE GROUP




The
      Company, which was incorporated November 10, 1994, was a manufacturer, designer,
      importer and wholesaler of men's shoes.  Beginning in 1999, the
      Company ceased all operations and has remained in a dormant state since such
      date.  Recently, the company began taking steps to commence
      operations.  The company has identified certain investments and is in
      the process of securing funds to acquire those investments and commence
      operations.  There is no guarantee that the company will secure the
      necessary financing to acquire or operate the assets.  Management has
      primarily focused its attention on the reorganization of Cable & Co.
      Worldwide, Inc. in order to prepare the Company for capital raising
      activities.  Neither the parent company nor the subsidiary has devoted
      its attentions to financial planning, raising capital, research and development
      or any other activities that would be associated with the start up of
      operations.  As such, neither company qualifies for classification for
      development stage accounting.





NOTE
      2.SUMMARY
      OF
      SIGNIFICANT ACCOUNTING POLICIES




The
      financial statements have been prepared in accordance with accounting principles
      generally accepted in the United States of America and incorporate the following
      significant accounting policies:




Principals
      of Consolidation





The
      consolidated financial statements include the accounts of the Company and its
      wholly owned subsidiary. All significant inter-company accounts and transactions
      have been eliminated in the consolidated financial statements.





Use
      of Estimates




The
      preparation of financial statements in conformity with accounting principles
      generally accepted in the United States of America requires management to make
      estimates and assumptions that affect the reported amounts of assets and
      liabilities, disclosure of contingent assets and liabilities at the date of
      the
      financial statements and the reported amounts of revenues and expenses during
      the reporting period. Actual results could differ from those
      estimates.





Fair
      Value of Financial Instruments





The
      Company considers, when applicable, the fair value of the cash equivalents,
      receivables, accounts payable and accrued liabilities approximate carrying
      value
      based on the short term nature of the instruments.





Goodwill




The
      Company adopted Statement of
      Financial Accounting Standards No. 142 (SFAS 142), Goodwill and Other Intangible
      Assets. Goodwill and other intangible assets with indefinite lives must be
      tested for impairment on an annual basis. The Company performs this annual
      impairment test at fiscal year end for goodwill.







F-6


SFAS
      142 requires the Company to compare
      the fair value of the reporting unit to its carrying amount on an annual basis
      to determine if there is potential goodwill impairment. If the fair value of
      the
      reporting unit is less than its carrying value, an impairment loss is recorded
      to the extent that the fair value of the goodwill within the reporting unit
      is
      less than its carrying value. SFAS 142 also requires the Company to compare
      the
      fair value of an intangible asset to its carrying amount. If the carrying amount
      of the intangible asset exceeds its fair value, an impairment loss is
      recognized. Fair values for goodwill and other indefinite-lived intangible
      assets are determined based on discounted cash flows or market multiples as
      appropriate.





The
      Company's goodwill represents the
      excess acquisition cost over the fair value of the tangible and identified
      intangible netassets of LifeHealthCare, Inc. acquired in 2006. For the
      year ended September 30, 2007, the Company applied what it believes to be the
      most appropriate valuation methodology for the reporting unit. If the Company
      had utilized different valuation methodologies, the impairment test results
      could differ. Management determined that goodwill was fully impaired for the
      year ended September 30, 2007.





Intangible
      Assets




Intangible
      assets, excluding goodwill, are stated on the basis of cost and are amortized
      on
      a straight-line basis over estimated life of ten years.  Intangible
      assets with indefinite lives are not amortized but are evaluated for impairment
      annually unless circumstances dictate otherwise.  Management
      periodically reviews intangible assets for impairment based on an assessment
      of
      undiscounted future cash flows, which are compared to the carrying value of
      the
      intangible assets.  Should these cash flows not equate to or exceed
      the carrying value of the intangible, a discounted cash flow model is used
      to
      determine the extent of any impairment charge required.  For the years
      ended September 30, 2007 and 2006 the amortization expense on intangible assets
      amounted to $10,000 and $5,000, respectively.  The patent costs relate
      to a patent application.  The patent has not been
      granted.  When the patent is granted, the amount will be
      amortized.  If the application is denied, the amount will be written
      off.




Stock-Based
      Compensation




In
      December 2004, the Financial Accounting Standards Board ("FASB") issued
      Statement of Financial Accounting Standards ("SFAS") No. 123R, "Share-Based
      Payment."  This standard replaced SFAS No. 123, "Accounting for
      Stock-Based Compensation" and supersedes Accounting Principles Board ("APB")
      Opinion No. 25, "Accounting for Stock Issued to Employees."  The
      standard requires companies to recognize all share-based payments to employees,
      including grants of employee stock options, in the financial statements based
      on
      their fair values on the grant date and is effective for annual periods
      beginning after June 15, 2005.  There were no employee stock options
      granted, outstanding or vested in fiscal 2007 or 2006.  Accordingly,
      the Company recognized expense of $0 for the year ended September 30, 2007
      for
      employee stock options.  Stock issued to non-employees is recorded at
      the time of issue based on trading value of the stock.





Income
      Taxes


The
      Company accounts for its income taxes using SFAS No. 109, “Accounting for Income Taxes”,
      which requires the recognition of deferred tax liabilities and assets for
      expected future tax consequences of events that have been included in the
      financial statements or tax returns.  Under this method, deferred tax
      liabilities and assets are determined based on the difference between the
      financial statement and tax bases of assets and liabilities using enacted tax
      rates in effect for the year in which the differences are expected to
      reverse.






F-7




Net
      Income (Loss) Per Share




Basic
      net
      income per share is computed by dividing net income by the weighted average
      number of common shares outstanding.  Diluted net income per share is
      computed by dividing net income by the weighted average number of common shares
      outstanding and dilutive potential common shares which includes the dilutive
      effect of stock options and  warants.  Dilutive potential common
      shares for all periods presented are computed utilizing the treasury stock
      method.  There were no stock options or warrants outstanding during
      the reporting periods.  There were no common stock equivalents
      outstanding during fiscal 2006 or fiscal 2007.





Capital
      Structure and Security
      Rights




Common
      Stock - The Company was initially authorized to issue 50,000,000 shares of
      common stock, par value $.01 per share. All common shares are equal to each
      other with respect to voting, and dividend rights, and are equal to each other
      with respect to liquidations rights.  On October 17, 2005, a majority
      of shareholders passed a resolution to increase the number of authorized common
      shares to 250,000,000.  On January 30, 2006 the holders of a majority
      of the outstanding common stock of the Company passed a resolution to increase
      the number of authorized common shares from 250,000,000 to 1,500,000,000 and
      to
      lower the par value from $0.01 to $0.001.  The purpose of these
      resolutions was to create a sufficient number of shares of common stock to
      allow
      the Company to settle its last remaining liability and to commence
      operations.  Preferred Stock - The Company has authorization to issue
      1,500,000 shares of preferred stock, par value $.01 per share.





On
      December 18, 2007 the Company filed a
      Schedule 14 (C) with the Security and Exchange Commission announcing the
      approval by a majority of shareholders of the following:




A
      reverse Stock split of
      150:1.  As a result of the reverse split, the number of authorized and
      issued shares of common stock will be reduced to 9,990,751 from
      1,498,612,518.  A record date and an effective date of the stock split
      has not been determined by the board of directors.




A
      reduction of the authorized number of
      common stock from 1,500,000,000 to 150,000,000.  The effective date of
      the reduction has not been determined by the board of directors and have not
      been reflected in these financial statements.




An
      amendment to change the name of the
      Company from Cable & Co. Worldwide, Inc. to Market & Research
      Corp.




Each
      of
      these steps have been approved by the board of directors but are not yet
      effective.





Recently
      Issued Accounting Standards




In
      July
      2006, the FASB issued FASB Interpretation No. 48, Accounting for Uncertainty
      in Income
      Taxes (FIN 48), which, among other things, requires applying a "more
      likely than not" threshold to the recognition and derecognition of tax
      positions.  The Company has not filed its tax returns for several
      years, however, given the lack of revenues and the losses experienced management
      has determined that there is limited likihood that the Company will take a
      tax
      position that under examination would result in a liability or
      asset.  Therefore the adoption of FIN48 is not expected to have an
      effect on the results of operations or financial position of the
      Company.







F-8




In
      May
      2005, the Financial Accounting Standards Board issued Statement of Financial
      Accounting Standards No. 154 ("SFAS No. 154"), "ACCOUNTING CHANGES AND ERROR
      CORRECTIONS." This statement requires entities that voluntarily make a change
      in
      accounting principle to apply that change retrospectively to prior periods'
      financial statements, unless this would be impracticable. SFAS No. 154
      supersedes APB Opinion No. 20, "ACCOUNTING CHANGES," which previously required
      that most voluntary changes in accounting principle be recognized by including
      in the current period's net income the cumulative effect of changing to the
      new
      accounting principle. SFAS No. 154 also makes a distinction between
      "retrospective application" of an accounting principle and the "restatement"
      of
      financial statements to reflect the correction of an error. SFAS No. 154 applies
      to accounting changes and error corrections that are made in fiscal years
      beginning after December 15, 2005. Management has adopted these
      provisions.





In
      February 2006, the FASB issued SFAS Statement No. 155, "ACCOUNTING FOR CERTAIN
      HYBRID FINANCIAL INSTRUMENTS--AN AMENDMENT OF FASB STATEMENTS NO. 133 AND 140"
      ("SFAS 155"). This Statement amends FASB Statements No. 133, Accounting for
      Derivative Instruments and Hedging Activities, and No. 140, Accounting for
      Transfers and Servicing of Financial Assets and Extinguishments of
      Liabilities.  This Statement resolves issues addressed in Statement
      133 Implementation Issue No. D1, "APPLICATION OF STATEMENT 133 TO BENEFICIAL
      INTERESTS IN SECURITIZED FINANCIAL ASSETS."  This Statement permits
      fair value re-measurement for any hybrid financial instrument that contains
      an
      embedded derivative that otherwise would require bifurcation, clarifies which
      interest-only strips and principal-only strips are not subject to the
      requirements of Statement 133, establishes a requirement to evaluate interests
      in securitized financial assets to identify interests that are freestanding
      derivatives or that are hybrid financial instruments that contain an embedded
      derivative requiring bifurcation, clarifies that concentrations of credit risk
      in the form of subordination are not embedded derivatives and amends Statement
      140 to eliminate the prohibition on a qualifying special-purpose entity from
      holding a derivative financial instrument that pertains to a beneficial interest
      other than another derivative financial instrument. SFAS 155 is effective for
      all financial instruments acquired or issued for the Company for fiscal year
      begins after September 15, 2006.  The adoption of this standard is not
      expected to have a material effect on the Company's results of operations or
      financial position.





In
      March 2006, the FASB issued SFAS No.
      156, "Accounting for Servicing of Financial Assets, an amendment of FASB
      Statement No. 140, Accounting for Transfers and Servicing of Financial Assets
      and Extinguishments of Liabilities". This statement requires all separately
      recognized servicing assets and servicing liabilities be initially measured
      at
      fair value, if practicable, and permits for subsequent measurement using either
      fair value measurement with changes in fair value reflected in earnings or
      the
      amortization and impairment requirements of Statement No. 140. The subsequent
      measurement of separately recognized servicing assets and servicing liabilities
      at fair value eliminates the necessity for entities that manage the risks
      inherent in servicing assets and servicing liabilities with derivatives to
      qualify for hedge accounting treatment and eliminates the characterization
      of
      declines in fair value as impairments or direct write-downs. SFAS No. 156 is
      effective for an entity's first fiscal year beginning after September 15, 2006.
      The adoption of this statement is not expected to have a material effect on
      the
      Company's future reported financial position or results of
      operations.





In
      September 2006, the FASB issued SFAS No. 157, "FAIR VALUE MEASUREMENTS" ("SFAS
      157"). While SFAS 157 formally defines fair value, establishes a framework
      for
      measuring fair value and expands disclosure about fair value measurements,
      it
      does not require any new fair value measurements. SFAS 157 applies under other
      accounting pronouncements that require or permit fair value measurements. SFAS
      157 is required to be adopted effective January 1, 2008 and the Company does
      not
      presently anticipate any significant impact on its consolidated financial
      position, results of operations or cash flows.







F-9


In
      September 2006, the FASB issued SFAS No. 158, "EMPLOYERS' ACCOUNTING FOR DEFINED
      BENEFIT PENSION AND OTHER POSTRETIREMENT PLANS - AN AMENDMENT OF FASB STATEMENTS
      NO. 87, 88, 106 AND 132(R)" ("SFAS 158"). SFAS 158 requires an employer to
      recognize the funded status of its defined benefit pension and other
      postretirement plans as an asset or liability in its statement of financial
      position and to recognize changes in the funded status in the year in which
      the
      changes occur through other comprehensive income. The funded status of a plan
      is
      measured as the difference between plan assets at fair value and the benefit
      obligation, which is represented by the projected benefit obligation for pension
      plans and the accumulated postretirement benefit obligation for other
      postretirement plans. SFAS 158 requires the recognition, as a component of
      other
      comprehensive income, net of tax, of the gains or losses and prior service
      costs
      or credits that arise during the period but are not recognized as a component
      of
      net periodic benefit cost in accordance with existing accounting
      principles.





Amounts
      required to be recognized in accumulated other comprehensive income, including
      gains and losses and prior service costs or credits are adjusted as they are
      subsequently recognized as components of net periodic benefit cost pursuant
      to
      the recognition and amortization provisions of existing accounting principles.
      In addition, SFAS 158 requires plan assets and obligations to be measured as
      of
      the date of the employer's year-end statement of financial position as well
      as
      the disclosure of additional information about certain effects on net periodic
      benefit cost for the next fiscal year from the delayed recognition of the gains
      or losses and prior service costs or credits.





The
      Company is required to adopt those provisions of SFAS 158 attributable to the
      initial recognition of the funded status of the benefit plans and disclosure
      provisions as of December 31, 2006. Those provisions of SFAS 158 applicable
      to
      the amortization of gains or losses and prior service costs or credits from
      accumulated other comprehensive income to the net periodic benefit cost are
      required to be applied on a prospective basis effective January 1, 2007. The
      Company does not anticipate that the adoption of SFAS 158 will have any impact
      on its consolidated financial statements.





In
      September 2006, the SEC issued Staff
      Accounting Bulletin (“SAB”) No. 108, “Considering the Effects of Prior Year
      Misstatements when Quantifying Misstatements in Current Year Financial
      Statements.” SAB No. 108 addresses how the effects of prior year uncorrected
      misstatements should be considered when quantifying misstatements in current
      year financial statements. SAB No. 108 requires companies to quantify
      misstatements using a balance sheet and income statement approach and to
      evaluate whether either approach results in quantifying an error that is
      material in light of relevant quantitative and qualitative factors. SAB No.
      108
      is effective for period ending after November 15, 2006. The Company is currently
      evaluating the impact of adopting SAB No. 108 but does not expect that it will
      have a material effect on its financial statements.





In
      February 2007, the Financial
      Accounting Standards Board (FASB) issued SFAS No. 159, “The Fair Value Option
      for Financial Assets and Financial Liabilities – Including an Amendment of FASB
      Statement No. 115”.  This statement permits entities to choose to measure
      many financial instruments and certain other items at fair value. Most of the
      provisions of SFAS No. 159 apply only to entities that elect the fair value
      option. However, the amendment to SFAS No. 115 “Accounting for Certain
      Investments in Debt and Equity Securities” applies to all entities with
      available-for-sale and trading securities. SFAS No. 159 is effective as of
      the
      beginning of an entity’s first fiscal year that begins after November 15, 2007.
      Early adoption is permitted as of the beginning of a fiscal year that begins
      on
      or before November 15, 2007, provided the entity also elects to apply the
      provision of SFAS No. 157, “Fair Value Measurements”.The adoption of this
      statement is not expected to have a material effect on the Company's financial
      statements.






F-10





Reclassifications





Certain
      amounts from prior years have been reclassified to conform to the 2007
      presentation.





NOTE  3.    GOING
      CONCERN




The
      accompanying financial statements have been prepared assuming that the Company
      will continue as a going concern. The Company has suffered recurring losses,
      has
      accumulated deficit of approximately, $19,000,000, current assets exceed current
      liabilities and is dependent upon financing to continue
      operations.  The financial statements do not include any adjustments
      that might result from the outcome of these uncertainties.  It is
      management's plan to continue to implement their strategy to commence
      operations. With the commencement of operations, management believes they will
      generate sufficient funds to support operations.  Officers will
      continue to support operations as needed for any shortfalls in cash
      flows.





NOTE  4.    INTANGIBLE
      ASSETS





The
      components of amortized intangible asset as of September 30, 2007 is as
      follows:






CE
              Designation
              Gross Carrying Amount
            
            $
            100,000Accumulated
              Amortization
            
            
            (15,000
            )Net
              Carrying
              Amount
            
            $
            85,000Patent
              Cost
            
            
            11,730Total
              Net
              Carrying Amount
            
            $
            96,730




Amortization
      expense for intangible assets was $10,000 and $5,000 for the years ended
      September 30, 2007 and 2006 respectively.  The patent costs relate to
      a patent application.  The patent has not been
      granted.  When the patent is granted, the amount will be
      amortized.  If the application is denied, the amount will be written
      off.  The sale of both over the counter and regulated prescriptive and
      similar medical products and devices in member countries comprising the European
      Union requires that they are subjected to a rigorous process prior to their
      approval for marketing.  All products, without exception, are required
      to undergo this rigorous process and if approved receive a “CE” label, which
      permits their sale in any EU member nation.  The capitalized costs
      noted above are the amounts expended in securing the CE designation for LHC’s
      emergency dental kit.  We account for goodwill and other intangible
      assets in accordance with SFAS No. 142, which requires that goodwill and other
      intangible assets that have indefinite lives not be amortized but instead be
      tested at least annually for impairment, or more frequently when events or
      a
      change in circumstances indicate that the asset might be
      impaired.  For indefinite lived intangible assets, impairment is
      tested by comparing the carrying value of the asset to its fair value and
      assessing the ongoing appropriateness of the indefinite life
      classification.  For goodwill, a two-step test is used to identify the
      potential impairment and to measure the amount of impairment, if
      any.  The first step is to compare the fair value of a reporting unit
      with its carrying amount, including goodwill.  If the fair value of a
      reporting unit exceeds its carrying amount, goodwill is considered not impaired,
      otherwise goodwill is impaired and the loss is measured by performing step
      two.  Under step two, the impairment loss is measured by comparing the
      implied fair value of the reporting unit with the carrying amount of goodwill.
      At September 30, 2007 management determined that there no impairment to the
      intangible assets.  At September 30, 2007, management determined that
      the entire goodwill balance of $1,169,199 was impaired and was therefore written
      off to operations.







F-11





NOTE  5.    ACQUISITION





On
      March
      28, 2006, the Company acquired LifeHealthCare, Inc. (LHC) a Delaware
      corporation, a startup company focusing on the dental and healthcare
      marketplace.  The Company
      issued 600,000,000 shares of Common Stock at $0.002 per share to acquire
      LHC.  LHC was acquired from Martin Licht, the Company’s current
      executive vice president and former chief executive officer.





The
      purchase price was
      allocated on the basis of the estimated fair values of the assets acquired
      and
      liabilities assumed which was $1,200,000.  LHC has a product
      (an emergency dental kit) that is approved for sale in the European
      Union.    The acquisition was
      accounted
      for as a purchase in accordance with SFAS 141.  The assets were valued
      at cost as they had been acquired shortly before the acquisition by
      LHC.




Acquisition
                cost
            
            $
            1,200,000Net
                assets acquired:Current
                assets
            
            $
            10,639CE
                Designation
            
            
            100,000Patent
            
            
            6,730Total
                assets
            
            
            117,369Liabilities
                assumed
            
            
            (  86,568
            )Total
                liabilities
            
            
            (  86,568
            )Amount
                assigned to goodwill
            
            $
            1,169,199




LHC
      has
      no revenues or tangible assets and will require a significant amount of
      financing in order to commence operations.  The Company does not have
      access to the necessary financing at this time.  If financing is not
      obtained, LHC will not be able to commence operations.  As of the date
      of acquisition, LHC had incurred cumulative losses of approximately
      $71,000.




NOTE  6.    RELATED
      PARTY TRANSACTIONS





The
      Company had one obligation whose face amount was $252,780 that dated back to
      1998 and continued to accrue interest.  The amount was due to Martin
      Licht (currently the Executive Vice President, but at the time he was not
      affiliated with the Company).  The total amount owed at September 30,
      2005 including accrued interest was $485,985.  The Company settled
      this obligation, in full on November 7, 2005 through the issuance of
      stock.  On May 19, 2006, the Company issued a total of 491,627,083
      shares of common stock to various companies and individuals in exchange for
      past
      services rendered on behalf of the Company.  On that same date the
      Company issued 150,000,000 shares of common stock for board of director services
      to be rendered, in the future, on behalf of the Company.  The market
      value used to value the stock issued was $0.002.  Accordingly,
      $983,254 has been recognized as expense in the statement of
      operations.  The Company also recognized $300,000 in prepaid expenses
      for services and amortized it over the twelve months ended September 30,
      2007.






F-12








During
      the 2007 officer of the Company advanced the Company $110,211 to pay for
      operating costs.  This amount is non-interest bearing, unsecured, and
      due on demand: however the officer has agreed not to demand payments for one
      year.  The same officer advanced $85,218 to LifeHealthCare, Inc. prior
      to its being acquired by the Company.  The terms of the advance to
      LifeHealthCare, Inc. are the same as those to the Company.





NOTE  7.       INCOME
      TAXES




The
      Company last filed its income tax returns for the year 1999.  It has
      not filed tax returns for any period since 1999.  The ability of the
      Company to utilize all or part of its operating tax loss caryforwards or its
      charitable contribution carryforwards to reduce any tax obligation in the future
      has not been determined.  In addition, at this time, the Company has
      no operations and no possibility of producing taxable income to utilize any
      such
      operating tax loss carryforward or charitable contribution
      carryforward.  For both reasons, no tax asset has been recorded
      since the
      Company believes at this time it is more likely than not that that the amounts
      will not be realized.  The Company has adopted FASB 109 to account for
      income taxes. The Company currently has no issues that create timing
      differences that would mandate deferred tax expense.  Net operating
      losses would create possible tax assets in future years. Due to the
      uncertainty as to the utilization of net operating loss carry forwards an
      evaluation allowance has been made to the extent of any tax benefit that
      net operating losses may generate.  No provision for income taxes
      has been recorded due to the net operating loss carryforward of
      approximately $2,970,000 as of September 30, 2007 that will be
      offset against further taxable income.  No tax benefit has been
      reported in the financial statements.  Under the Internal Revenue
      Code, generally, expiration of net operating loss carryforwards are
      twenty-years from when such losses were derived.  Additionally, limits
      may be imposed on the use of such losses based on certain factors, including,
      but not limited to, a change in stockholders.





Deferred
      tax assets and the valuation account as of September 30, 2007 and 2006 are
      as
      follows:






2007
            
            
            2006Deferred
              tax
              asset:Net
              operating
              loss carryforward
            
            $
            993,000
            
            
            $
            439,620Valuation
              allowance
            
            
            (993,000
            )
            
            
            (439,620
            )$
            -
            
            
            $
            -





The
      components of income tax expense are as follows:






2007
            
            
            2006Current
              Federal Tax
            
            $
            -
            
            
            $
            -Current
              State
              Tax
            
            
            -
            
            
            
            -Change
              in NOL
              benefit
            
            
            (553,000
            )
            
            
            (381,800
            )Change
              in
              allowance
            
            
            553,000
            
            
            
            381,800$
            -
            
            
            $
            -








F-13




The
      Company has incurred losses that can be carried forward to offset future
      earnings if conditions of the Internal Revenue Codes are met. These losses
      are
      as follows:








Year
                of
                Loss
            
            Expiration
              Amount
            
            Date2000
            
            $
            28,000
            
            20202001
            
            
            31,000
            
            20212002
            
            
            34,000
            
            20222003
            
            
            38,000
            
            20232004
            
            
            42,000
            
            20242005
            
            
            51,000
            
            20252006
            
            
            1,120,000
            
            20262007
            
            
            1,628,000
            
            2027







NOTE  8.
      COMMITMENTS, CONTINGENCIES AND OTHER MATTERS




Litigation




The
      Company has been inactive for over eight years.  Based on searches
      performed in various jurisdictions that the Company previously operated in,
      no
      asserted or pending litigations were discovered.  Inquiries of former
      officers and directors revealed no known litigation, either pending, suspended
      or possible.  There can be no assurance that there are no potential or
      possible litigations in the jurisdictions searched or other jurisdictions not
      searched.  Based on currently available information, we believe that
      there are no pending claims that will have a material adverse effect on the
      Company’s future operating results or financial position.







F-14








NOTE  9.
      SUBSEQUENT
      EVENTS




On
      November 12, 2007, Cable & Co Worldwide, Inc. (the “Company”) entered
      into a Stock Purchase Agreement (the “Purchase Agreement”)
      with Andrew Perlmutter and David Weiss (collectively, the “Shareholders”).





The
      consummation of the stock purchase pursuant to the Purchase Agreement (the
      “Stock
      Purchase”) is subject to certain conditions set forth in the Purchase
      Agreement, including the continued accuracy of the representations and
      warranties made by all parties thereto and the parties’ continuing due diligence
      review.  Upon the closing of the Stock Purchase, the Company will
      purchase, and the Shareholders will sell, all of the shares (the “Shares”) of
      InMarketing Corp., a New Jersey corporation (“InMarketing”), to the
      Company.  InMarketing is in the business of designing proprietary
      software that provides a unique database-driven program to help companies build
      employee incentive programs.





The
      Company will purchase the Shares for $6,121,185.  Fifty percent (50%)
      of the purchase price will be paid upon the closing of the Stock Purchase,
      and
      the remaining fifty percent (50%) will be paid to the Shareholders pursuant
      to
      certain promissory notes issued by the Company.  Upon the closing of
      the Stock Purchase, the Shares will be held in escrow, until the purchase price
      has been paid in full.





As
      of
      November 5, 2007, the Company entered into a Stock Purchase Agreement (the
      “Aspen Purchase
      Agreement”)  with Frank H. Schaller, Robert E. Hall, Paul K.
      Cowhig III, Matthew A. Lambert, and Sherrie L. Smith (collectively, the “Aspen
      Shareholders”).





The
      consummation of the stock purchase pursuant to the Aspen Purchase Agreement
      (the
“Aspen Stock
      Purchase” is subject to certain conditions set forth in the Aspen
      Purchase Agreement, including the continued accuracy of the representations
      and
      warranties made by all parties thereto and the parties’ continuing due diligence
      review.  Upon the closing of the Aspen Stock Purchase, the Company
      will purchase, and the Aspen Shareholders will sell, all of the shares (the
      “Aspen Shares”)
      of Quantum Research Services, Inc., d/b/a Aspen Media and Market Research,
      Ltd.,
      a Colorado corporation (“Aspen”), to the
      Company.  Aspen is in the business of providing market research
      services, including: (i) research field services; (ii) circulation –
subscription renewal and acquisitions; (iii) sales lead qualification program
      and specialized services; (iv) relational database creation and list
      consolidation; and (v) print-to-electronic file conversion.





The
      Company will purchase the Aspen Shares for $2,041,976..  Fifty percent
      (50%) of the purchase price for the Aspen Shares will be paid upon the closing
      of the Aspen Stock Purchase, and the remaining fifty percent (50%) will be
      paid
      to the Aspen Shareholders pursuant to the terms of certain promissory notes
      (the
“Notes”) issued
      by the Company.  At closing, the Notes shall be secured by the
      Company’s pledge of the Aspen Shares between the Company and the Aspen
      Shareholders.










F-15








ITEM
      8.                      
Changes in and Disagreements
      with
      Accountants on Accounting and Financial Disclosure




None.




ITEM
      8A.                      
Controls and Procedures




The
      Company maintains disclosure controls and procedures that are
      designed to ensure (1) that information required to be disclosed by the Company
      in the reports it files or submits under the Securities Exchange Act of 1934,
      as
      amended (the “Exchange Act”), is recorded, processed, summarized, and reported
      within the time periods specified in the Securities and Exchange Commission’s
      (“SEC”) rules and forms, and (2) that this information is accumulated and
      communicated to management, including the Company’s Chief Executive Officer and
      Chief Financial Officer, as appropriate, to allow timely decisions regarding
      required disclosure.  In designing and evaluating the disclosure
      controls and procedures, management recognizes that any controls and procedures,
      no matter how well designed and operated, can provide only reasonable assurance
      of achieving the desired control objectives, and management necessarily was
      required to apply its judgment in evaluating the cost benefit relationship
      of
      possible controls and procedures.




As
      of
      the  date of this annual report, under the supervision and review of
      the Company’s Chief Executive Officer and Chief Financial Officer, the Company
      conducted an evaluation of the effectiveness of the design and operation of
      its
      disclosure controls and procedures as of the end of the period covered by this
      report.  Based on that evaluation, the Company’s Chief Executive
      Officer and Chief Financial Officer have concluded that the Company’s disclosure
      controls and procedures are effective in alerting them in a timely manner to
      material information regarding the Company that is required to be included
      in
      its periodic reports to the SEC.




In
      addition, there have been no significant changes in the Company’s internal
      controls or in other factors that could significantly affect those controls
      since the Company’s evaluation.  The Company can provide no assurance,
      however, that its system of disclosure controls and procedures will always
      achieve its stated goals under all future conditions, no matter how
      remote.






ITEM
      8B.                      
Other Information




None.









21








PART
      III.




Item
      9. Directors,
      Executive Officers, Promoters, Control Persons and Corporate Goverance;
      Compliance with Section 16(a) of the Exchange Act Directors
      and Executive Officers




The
      Company’s directors and executive officers, their ages and present position are
      as follows:




Name
            
            Age
            
            PositionsMartin
                Licht
            
            66
            
            Executive
                Vice President, DirectorGary
                Stein
            
            58
            
            President,
                Director, SecretaryMark
                Lazar
            
            55
            
            DirectorAlberto
                Salvucci
            
            52
            
            DirectorSteven Kessler
            
            61
            
            DirectorJohn
                Grippo
            
            52
            
            Chief
                Financial Officer





Gary
      Stein




Mr.
      Stein joined the Company as
      President, Director and Secretary December 1, 2007.  Mr. Stein is an
      attorney with more than 30 years business and corporate experience. From 1993
      to
      present Mr. Stein has been self-employed with DB Capital, where he has advised
      numerous small emerging growth companies, taking senior financial and legal
      management positions when necessary, the raising of capital, both equity and
      debt and advising these companies as to mergers and acquisitions in the interest
      of the company’s shareholders.  Mr. Stein has advised these companies
      in raising in excess of $80,000,000 in permanent equity financing. From 1995
      through 2000 Mr. Stein was CFO and CAO for Pinnacle Technologies, Inc. a leading
      provider of IT staffing for government and Fortune 500 companies. Mr. Stein
      is a
      graduate of Capital University receiving both a B.A. in 1971 and J.D degree
      in
      1974.




Martin
      Licht




Martin
      Licht joined the company as Chief Executive Officer and Director in September
      2007.  He resigned as Chief Executive Officer and was named as
      Executive Vice President December 1, 2007 Martin Licht is a practicing attorney
      with more than thirty five years of diversified legal
      experience.  From 1979 through 1994 Mr. Licht was affiliated with the
      law firm of Hertzfeld & Rubin PC, where the directed the firm’s real estate
      law practice.  Mr. Licht served as a member of the law firm of Gallet,
      Dryer & Berkey from 1995 through 1997.  Since 1997 Mr. Licht has
      been self-employed and is a specialist in mergers and acquisitions, public
      financings, and real estate matters, having directed approximately two hundred
      twenty five real estate transactions, public offerings and private placements.
      Mr. Licht is a graduate of New York University and received LLB and J D Degrees
      from Brooklyn Law School in 1967.





Alberto
      Salvucci




Alberto
      Salvucci has been a member of the Board since January 1997. Mr. Salvucci has
      been the President  of the Company since 1988 until
      2007.  He has provided design, production and production control
      services to the Company since its inception.







22





Mark
      Lazar




Mark
      Lazar joined the Company as a
      director in June of 2006.  For the last ten years, he has been the CEO
      of Lazar Equities, a direct owner and property manager of mixed use,
      industrial


and
      residential properties in Montreal
      and New York.




Steven
      Kessler




Steven
      Kessler joined the Company in 2006 as President. Mr. Kessler is an independent
      financial consultant with more than 20 years of experience in the investment
      industry.  He is a co-founder, President and Chief Executive Officer
      of Advanced Respiratory Technologies, Inc., a privately held medical technology
      company and is the President of Strategic Resources. Mr. Kessler has provided
      various financial and investor relations services to emerging public companies.
      Mr. Kessler also formerly held senior staff positions at Manufacturers Hanover
      Trust Company and began his career as an accountant at Alexander Grant &
Company.  Mr. Kessler graduated from Brooklyn College of the City
      University of New York with a Bachelors of Science Degree in
      Accounting.




John
      Grippo




John
      Grippo joined the Company in 2006 as Chief Financial Officer.  Mr.
      Grippo has been the president of his own financial management practice, John
      Grippo, Inc. since 2000.  His firm provides services as the CFO to
      small to mid-sized public and private companies and also provides other related
      accounting and consulting services.  Prior to that, Mr. Grippo served
      for ten years as a Chief Financial Officer to companies in housewares, electric
      vehicles and financial services industries.  He worked for five years
      as an auditor with Arthur Andersen, LLP, followed by seven years in various
      accounting positions in the financial services industry.  He is a
      member of the New York Society of Certified Public Accountants.





Board
      of Directors





All
      of
      the directors of the Company hold office until their respective successors
      are
      elected, or until death, resignation or removal.  Officers hold office
      until the meeting of the Board of Directors following each Annual Meeting of
      Stockholders and until their successors have been chosen and
      qualified.  The Company has not held an annual meeting since June 6,
      1997.  The Company intends to hold an annual meeting as soon as is
      practical.





Audit
      Committee of the Board of Directors




The
      Board
      of Directors shall create a separate audit committee.  Currently, none of the Company’s
      directors qualifies as a “financial expert” pursuant to Item 401 of Regulation
      S-B.  The Company has not sought to add a director to its board who
      qualifies as a “financial expert” because although the Company believes it would
      be desirable to have a financial expert on its audit committee, the costs of
      retaining such an expert would be prohibitive, given the Company’s resources at
      this time.  Currently, the Board of Directors acts in the
      capacity of the Audit Committee.




Compliance
      with Section 16(a) of the Exchange Act.




Section
      16(a) of the Securities Exchange Act of 1934 requires the executive officers
      and
      directors of the Company, and persons who beneficially own more than 10% of
      the
      common stock, to file initial reports of ownership and reports of changes of
      ownership with the Securities and Exchange Commission and furnish copies of
      those reports to the Company.  Each of the executive officers and
      directors and persons who beneficially own more than 10% of the common stock
      of
      the Company were delinquent in filing a form 3 and/or 4 during the fiscal
      year.







23


Code
      of Ethics




The
      Company’s Board of Directors adopted a Code of Ethics which applies to all of
      the Company’s directors, executive officers and employees.  A copy of
      the Code of Ethics is available upon request to the Company’s counsel at
      Robinson & Cole, LLC 695 East Main St. Stamford CT 06904-2305.




Item
      10.    Executive Compensation




The
      following summary compensation table sets forth the aggregate compensation
      which
      the Company paid or accrued to its Chief Executive Officer during the fiscal
      years ended September 30, 2005, September 30, 2006 and September 30,
      2007.  None of the Company’s executive officers received compensation
      in excess of $100,000 during the fiscal year ended September 30,
      2007.


Summary
      Compensation Table





Annual
                Compensation
            
            
            Awards
            Long
                Term CompensationName
                and
              Principal
                Position
            
            Fiscal
              Year
              Ended
              Sept.
                30,
            
            Salary
              $
            
            Bonus
              $
            
            Other
                Annual Compensation $
            Restricted
                Stock Awards $
            Option/SAR’s
                #
            L
                TIP
              Payouts
                $
            All
                Other
              Compensation
                $Steven
                Kessler,
            
            2007
            
            0
            
            0
            
            0
            0
            0
            0
            0Director
                (1)
            
            2006
              2005
            
            0
              0
            
            0
              0
            
            0
              0
            0
              0
            0
              0
            0
              0
            0
              0Martin
                Licht,(3)
            
            2007
            
            0
            
            0
            
            0
            0
            0
            0
            0Executive
                Vice President, Director
            
            2006
              2005
            
            0
              0
            
            0
              0
            
            0
              0
            0
              0
            0
              0
            0
              0
            0
              0John
                Grippo,(6)
            
            2007
            
            0
            
            0
            
            0
            0
            0
            0
            0Chief
                Financial Officer
            
            2006
              2005
            
            0
              0
            
            0
              0
            
            0
              0
            0
              0
            0
              0
            0
              0
            0
              0Gary
                Stein, (2)
            
            2007
            
            0
            
            0
            
            0
            0
            0
            0
            0President,
                Director, Secretary
            
            2006
              2005
            
            0
              0
            
            0
              0
            
            0
              0
            75,000
              0
            0
              0
            0
              0
            0
              0Alberto
                Salvucci, (4)
            
            2007
            
            0
            
            0
            
            0
            0
            0
            0
            0Director
            
            2006
              2005
            
            0
              0
            
            0
              0
            
            0
              0
            75,000
              0
            0
              0
            0
              0
            0
              0Mark
                Lazar, (5)
            
            2007
            
            0
            
            0
            
            0
            0
            0
            0
            0Director
            
            2006
              2005
            
            0
              0
            
            0
              0
            
            0
              0
            75,000
              0
            0
              0
            0
              0
            0
              0





(1)
            Steven
                Kessler was president from 2006 till December 1,
                2007.


(2)
            Gary
                Stein became president and secretary on December 1, 2007.  The
                payment received was in the form of 50,000,000 shares of common stock
                for
                directors’ fees.


(3)
            Martin
                Licht was appointed Chief
                Executive Officer and Director from September2007 to
                December2007.  He became executive vice president on December 1,
                2007.


(4)
            Alberto
                Salvucci resigned as
                president in 2006.  The paymentfor directors’ fees in
                the form of 50,000,000 shares of common stock.


(5)
            Mark
                Lazar received payment for directors’ fees in the form of 50,000,000
                shares of common stock.


(6)
            John
                Grippo received 26,000,000 shares of common stock for services as
                a
                consultant prior to being named Chief Financial
                Officer.






24




Stock
      Issued in fiscal 2006 and 2007




Steven
      Kessler was issued 101,000,000 shares of common stock in fiscal
      2006.  The shares were issued for services rendered to the Company as
      a consultant.  Mr. Kessler assigned all those shares to Mr. Licht in
      2007.  Mr. Salvucci, Mr. Stein and Mr. Lazar were each issued
      50,000,000 shares of common stock in fiscal 2006.  The shares were
      issued for servicing as a board member for fiscal 2007.




John
      Grippo was issued 26,000,000 shares of common stock in fiscal
      2006.  The shares were issued for services rendered to the Company as
      a consultant prior to being named Chief Financial Officer.




Martin
      Licht and certain other parties were issued 194,396,464 shares of common stock
      in fiscal 2006.  The shares were issued in exchange for debt and
      accrued interest owed by the Company to Mr. Licht.  The company issued
      600,000,000 shares of common stock to Mr. Licht in return for all the common
      shares of LifeHealthCare, Inc.




No
      common
      shares were issued in fiscal 2007.




Options
      Granted in Fiscal 2006 and 2007




None.


Options
                GrantedName
            
            Number
                of Securities Underlying Options
            
            Percent
                of Total
              to
              Employees
                in
              Fiscal
                Year
            
            Per
              Share
                Exercise
              Price
            
            Expiration
                Date
            
            Potential
                Realizable
              Value
                at Assumed Annual
              Rate
                of Stock Price Appreciation
              For
                Option Term5%
            
            10%None









25


Aggregated
      Option Exercises In Last Fiscal Year And Fiscal Year-End Option
      Values




During
      the fiscal year ended September 30, 2007 no options were exercised by any of
      the
      Company’s executive officers.  There are no unexercised options
      outstanding as of September 30, 2007.




Director
      Compensation




The
      Company’s directors do not receive fixed compensation for their services as
      directors.




Item
      11.                      
Security Ownership of Certain Beneficial Owners and Management and Related
      Stock
      Holder Matters




The
      following table sets forth, as of January 4, 2008, certain information as to
      the
      beneficial ownership of our common stock by:




·
            each
                person known by us to own more than five percent (5%) of our outstanding
                shares;


·
            each
                of our directors;


·
            each
                of our executive officers named in the Summary Compensation Table
                under
                “Executive Compensation”; and


·
            all
                of our directors and executive officers as a group.


Amount
                and Nature of Beneficial Ownership (1)(2)Name
                and Address of
              Beneficial
                Shareholder
            Common
                Stock
            Percentage
                of
              Ownership
              (1)(2)
            
            
            Percentage
                of Voting
              Power
              (1)(2)Alberto
                Salvucci
              10
                Wright St, Ste
                220           Westport,
                CT 06880
            62,377,474
            4.2%
            
            
            4.2%





Martin
                Licht(3)
              10
                Wright St, Ste
                220           Westport,
                CT 06880
            804,293,750
            53.7%
            
            
            53.7%Steven
                Kessler
              10
                Wright St, Ste
                220           Westport,
                CT 06880
            101,000,000
            6.7%
            
            
            6.7%John
                Grippo
              10
                Wright St, Ste
                220           Westport,
                CT 06880
            26,000,000
            1.7%
            
            
            1.7%Gary
                Stein
              10
                Wright St, Ste
                220           Westport,
                CT 06880
            50,000,000
            3.3%
            
            
            3.3%Mark
                Lazar
              10
                Wright St, Ste
                220           Westport,
                CT 06880
            50,000,000
            3.3%
            
            
            3.3%All
                executive officers and directors as a group (6 persons)
            1,093,671,224
            73.2%
            
            
            73.2%(1)
            Beneficial
                ownership is calculated in accordance with Rule 13d-3 under the Securities
                Exchange Act of 1934. Shares subject to stock options, for purposes
                of
                this table, are considered beneficially owned only to the extent
                currently
                exercisable or exercisable within 60 days after January 4,
                2008.


(2)
            Except
                as otherwise indicated, each of the parties listed has sole voting
                and
                investment power with respect to all shares of common stock indicated
                above.


(3)
            Includes
                10,000,000 shares owned by Evan Licht, Mr. Martin Licht’s
                son.






26




Item
      12.                      
Certain Relationships, Related Transactions and Director
      Independence




The
      Company paid an obligation to Martin Licht (currently the Company’s director and
      Executive Vice President) of $485,985 through the issuance of 194,396,464 shares
      of common stock on November 7, 2005.   The obligation was for
      $252,780 plus $233,205 in accrued interest at a rate of 10.26%.  The
      obligation related to legal services rendered to the Company.  The
      Company valued the stock at $485,991 that was given in exchange for the
      obligation based on $0.0025 per share.





On
      March
      28, 2006, the Company acquired LifeHealthCare, Inc. (LHC) a Delaware corporation
      from Martin Licht (currently the Company’s director and Executive Vice
      President) for 600,000,000 shares of common stock.The value
      of the stock on March 28, 2006 was $1,200,000.




Item
        14.        Principal
        Accountant Fees and Services






Audit
      Fees




Audit
      fees billed to the Company by Sobel & Co., LLC for its audit of the
      Company’s financial statements filed with the Securities and Exchange Commission
      for 2007 totaled $25,000.  Fees billed by Chisholm, Bierwolf &
Nilson, LLC for the review of the Company’s quarterly financial statements with
      the Securities and Exchange Commission for 2007 totaled $2,500.





Tax
      Fees




No
      fees
      billed to the Company by Sobel & Co., LLC for its tax returns for the fiscal
      year 2007 and 2006.




Other
      Fees




No
      other
      fees were billed to the Sobel & Co., LLC for all other non-audit or tax
      services rendered to the Company for the fiscal year 2007 and 2006,
      respectively.




Audit
      Committee Pre-Approval Policies




None








27





Item
      13.  Exhibits, Financial Statement Schedules and Reports on Form
      8-K








EXHIBIT
                INDEXExhibitNumber
            
            Description3.1
            
            Articles
              of
              incorporation, including amendments3.2
            
            By
              laws,
              including amendments10.1
            
            Stock
                Purchase
                Agreement, dated as of March 28, 2006, between the Company and Martin
                Licht filed herewith to replace 10.1 to 10.3 to the Company's Form
                8-K
              dated
                May 10,
                2006.31.1
            
            Certification
              of the Chief Executive Officer pursuant to Section 302 of the
              Sarbanes-Oxley Act of 200231.2
            
            Certification
              of the Chief Financial Officer pursuant to Section 302 of the
              Sarbanes-Oxley Act of 200232.1
            
            Certification
              of the Chief Executive Officer pursuant to 18 U.S.C. Section 1350 pursuant
              to Section 906 of the Sarbanes-Oxley Act of
              2002








28






SIGNATURES





Pursuant
      to the requirements of Section 13 or 15(d) of the Securities Exchange Act of
      1934, the registrant has duly caused this report to be signed on its behalf
      by
      the undersigned, thereunto duly authorized in New York City, State of New York,
      on the 4th day of January 2008.




Cable
&
Co.
                Worlwide,
                Inc.By:
              /s/ 
                Gary SteinGary
                SteinPresident
                (Chief Executive Officer)By:
              /S/
                John GrippoJohn
                GrippoChief
                Financial Officer (Chief Financial Officer)























Pursuant
      to
      the requirements of the Securities Exchange Act of 1934, this report has been
      signed below by the following persons on behalf of the registrant in the
      capacities and on the date indicated.




Signature
            
            Title
            
            DateSteven
                Kessler
            
            Director
            
            January
              14,2008/s/
                Steven KesslerMartin
                Licht
            
            Director
            
            January
              14,2008/s/
                Martin LichtAlberto
                Salvucci
            
            Director
            
            January
              14,2008/s/
                Alberto SalvucciGary
                Stein
            
            Director
            
            January
                14,
                2008/s/
                Gary Stein