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M & F Worldwide Corp. Reports Third Quarter and Year-To-Date 2009 Results 

- M & F Worldwide Corp. ("M & F Worldwide" or the "Company") (NYSE: MFW) today reported results for the third quarter and nine months ended September 30, 2009. Additionally, M & F Worldwide filed its quarterly report on Form 10-Q with the Securities and Exchange Commission today.

M & F Worldwide will host a conference call to discuss its third quarter and year-to-date 2009 results on November 12, 2009, at 9:00 a.m. (EST). . . .

The decline in net revenues was due to lower shipment volumes for all of Mafco Worldwide's products, primarily from order shipment timing, continued worldwide consumption declines in tobacco products using licorice and the continued rationalization of inventories by Altria and PMI subsequent to Altria's spin-off of PMI in 2008. Operating income for the Licorice Products segment decreased by $4.9 million, or 16.8%, to $24.3 million for the nine months ended September 30, 2009 from $29.2 million for the nine months ended September 30, 2008. The decrease in operating income was primarily due to the decline in net revenues and increased raw material costs.

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