Marketing Worldwide Corp (MWWC)

[oilin07]

***Here is one thing I noticed: Sounds to me like a lot of what took place in the first quarter won't actually show up until 2nd quarter. Management might have a plan up their sleeve. A nice pr campaign to run the stock back up and then BAM better than expected 2Q earnings.

"The Company defers any revenue for which the product has not been delivered or services has not been rendered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or services has been rendered or no refund will be required."

"Revenues on the sale of products, net of estimated costs of returns and allowance, are recognized at the time products are shipped to customers, legal title has passed, and all significant contractual obligations of the Company have been satisfied. Products are generally sold on open accounts under credit terms customary to the geographic region of distribution. The Company performs ongoing credit evaluations of the customers and generally does not require collateral to secure the accounts receivable."