LBWR picked up by Knobias.
LBWR: Alliance Agreement with USIS for Screening Products and Services [Knobias.com]
05/15/2008 10:36:00 AM
Knobias.com
Ridgeland, MS, MAY 15, 2008 (EventX/Knobias.com via COMTEX News Network) -- By Fain Hughes, fhughes@knobias.com
Labwire, Inc. (LBWR) has signed an Alliance Agreement with USIS, a large national commercial services group. Under the terms of the Alliance Agreement, Labwire will perform drug/alcohol testing services and pre-employment background screening products and services for certain USIS clients. In turn, USIS will offer their products for sale by Labwire to its clients.
The agreement is for an initial term of two years and provides for both firms to pay referral fees based on a percent of business delivered. The initial clients referred by USIS will begin transitioning to Labwire on June 2, 2008 and will continue through year's end and will include several large operating units in commercial transportation industries.
Marlin Williford, CFO of Labwire, stated, "As this agreement is implemented, it should provide good revenue growth for the 3rd and 4th quarters of this year."
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