Marketing Worldwide may conduct private placement to fund capital needs

By Sheri Kasprzak

New York, Oct. 26 - Marketing Worldwide, Inc. may pursue a private placement in order to meet some of its working capital requirements.

"Our profitability and working capital requirements have become larger with newly awarded programs and arising program development opportunities to secure additional large customers," said a form 10-QSB the company filed Wednesday with the Securities and Exchange Commission.

"These increased working capital requirements are funded by borrowings from our line of credit. We are also planning to utilize funds from the execution of a planned private placement or other sources of outside funding."

For the quarter ended June 30, the company posted a net income of $69,678 compared to a net income of $74,409 for the same quarter of 2004.

Based in Howell, Mich., Marketing Worldwide makes and distributes automotive accessories for motor vehicles in the after-market sector.

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