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Market & Research Corp. : MTRE Issues Corporate Update and 2009 Outlook

^{Published on 2009-03-06 10:11:05, Last Modified on 2009-11-04 08:07:25 - Market Wire}
 

ROWAYTON, CT--(Marketwire - March 6, 2009) - Market & Research Corp. (the "Company") (OTCBB: [ MTRE ]): Gary Stein, President of Market & Research, commented, "Following the conclusion of the quiet period, we felt it was important to update our shareholders, reminding them of accomplishments to date and the steps in which we are currently engaged as we move through this difficult period in our country's economy. We continue to move forward pursuant to the steps we initially outlined nearly 18 months ago. However, each day poses new challenges.

"When we began our process in July of 2007, the economy was robust, the Dow Jones Averages were over 13,000 and both credit facilities and venture capital were readily available. We have executed a much-needed reverse split to bring our outstanding shares down to acceptable levels and coupled that with a 90% reduction in our authorized shares. We also completed name & symbol changes centered on the company's business strategy and spun off our subsidiary, LifeHealthCare, Inc., which spin-off is to the full benefit of our shareholders. We remain on plan and on target to eventually achieve our intended goal of listing on the American Stock Exchange or NASDAQ Small Cap.

"We recently gained approval from FINRA, uplisting off of Pinksheets onto the more stringent requirements of OTC.BB, in part due to our commitment to remain transparent with our shareholders. We are actively engaged with financiers to address our acquisition targets, each of which remains committed to our plan as each has a signed definitive agreement for the Company to acquire them. At the present time, we are reviewing proposed financial packages from different firms. The economic circumstances we started out with are now completely different and more stringent and as a result more creative financing seems essential and evident in order to close each deal. Given the worldwide economic conditions we can't predict exactly when the closings will occur. The uncertainty of the economy and worldwide financial pressure take their toll on the general financing phenomenon and add complexity and time to effectuate the closings."

Martin Licht, Executive Vice President, closed comments by stating, "This has been an arduous process. While we cannot specify the exact closing date for each acquisition, we want to reassure our shareholders that we are in fact moving forward. We will notify our shareholders immediately of each acquisition as it occurs. We are also excited that our new website is nearing completion and is on schedule to go live upon closing the acquisitions."

About Market & Research Corp. ("MKRC")

MKRC currently has agreements to acquire Precision Opinion, InMarketing and Quantum.

About Precision Opinion

Precision, which is to be acquired by MKRC, provides consumer research services to the entertainment industry, non-governmental organizations and political polling services.

About InMarketing

InMarketing, which is to be acquired by MKRC, is a leader in the incentive industry through the deployment of its exclusive, database-driven, web-enabled application to reward program strategies. InMarketing develops sales incentive programs, a safety incentive program, service award, recognition programs or customer loyalty programs for its customers.

About Quantum

Quantum, which is to be acquired by MKRC, provides consumer research services to the telecommunications, automotive, healthcare, banking and cable industries and provides a circulation and research service for Business-to-Business for these same industries.

Forward-Looking Statements: The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the Company and its subsidiaries. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by the Company may differ materially from these statements due to a number of factors. Any forward-looking statements speak only as of the date made. Statements made in this document that are not purely historical are forward-looking statements, including any statements as to beliefs, plans, expectations, or intentions regarding the future. Risk factors that may cause results to differ from projections include, without limitation, loss of suppliers, loss of customers, inadequate capital, competition, loss of key executives, declining prices, and other economic factors. The Company assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions.