Small Business Development Group, Inc. (symbol: SBDG) announced today that it has signed an agreement to restructure Marketing Worldwide Corporation (OTC: MWWC) into a company with fundamentals. As part of the restructuring process, the current board of directors has appointed a new board comprised of SBDG senior executives, and then resigned from the board.
Chief Executive Officer Roy Y. Salisbury said today, ?As the new management we will now transform MWWC into a company with fundamentals by using our business model known as ?the Engineering a Public Company. Prior to its own restructuring by the same model, SBDG was also a failing company. but today it is profitable, finishing last year with $17.8 million in revenue. We plan to do the same with MWWC.? |
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