Ever heard of the MARS Platform? It's unreal....see what you think.
offshore-technology.com
en.wikipedia.org
Pretty cool that we Labwire is all over that floating city. They are doing the drug testing, the background screening, and also providing security.....imo, very impressive.
Anyway, Labwire has announced three contracts in the last two weeks. Here' they are:
Labwire Expands Security Presence to Offshore Platform Security ( biz.yahoo.com )
shell.com.
Labwire Inc. Signs Contract With Largest Offshore Drilling Company ( Transocean ) ( biz.yahoo.com )
deepwater.com
Labwire Inc. Announces Contract with Pan American Express ( biz.yahoo.com )
panamex-zero.com
The share structure is very tight, and the float sits at ~16 mil. The company issued shares about 3 weeks ago, but word from the CEO is that they are cash flow positive, and I'd say these new contracts mean that the eps is going up. IMO, if the trend continues and we get another contract this week then we could stand to do very well.
Here's bullet points "click" by "click"...
1. Labwire's CEO , Dexter Morris, has 23 plus years in the industry in the industry he founded ( labwire.com ).
2. Dexter speaks internationally on Workplace Drug Testing ( labwire.com ).
3. A unique turn of events has enabled Dexter to built another company with far more revenue streams than his first ( labwire.com ). This new company is called Labwire and is actually an "employee screening services corporation".
4. Employment screening has experienced steady and rapid growth over the past decade becoming a $3.5 - $5 billion industry (http://biz.yahoo.com/pz/051103/89117.html ).
5. Labwire Announces Record Revenues for 2005; Becomes Profitable Ahead of Schedule ( biz.yahoo.com ).
6. Labwire Inc. (Pink Sheets:LBWR), a leading Employee Screening Solutions Provider, is pleased to announce that the Company's President, Dexter Morris, conducted an investor presentation at the Crowne Plaza in Houston, TX this morning, October 26, 2005. Mr. Morris presented to a group of Houston-based institutional and accredited investors. Labwire has a Revenue/Employee ratio of $700k/employee compared to the industry average of $200k/employee. The Company projects achieving $50 million in 3 years with 30%.
( biz.yahoo.com ).
7. Labwire Sponsors Workshop on International Drug Testing
Wednesday September 21, 2005. Attendees at this year's conference included Shell (Pink Sheets:RYDAF), ExxonMobil (NYSE:XOM - News), Chevron (NYSE:CVX - News), ConocoPhillips (NYSE:COP - News), Continental Airlines (NYSE:CAL - News), CITGO, Jacobs Engineering (NYSE:JEC - News), KBR, division of Halliburton, Baker Hughes (NYSE:BHI - News), BP (NYSE:BP - News), and Occidental Petroleum (NYSE:OXY - News). ( biz.yahoo.com ).
REVENUE STREAMS
Drug Testing and Background Screening
8. Labwire Expands Security Presence to Offshore Platform Security ( biz.yahoo.com )
shell.com.
9. Labwire Inc. Signs Contract With Largest Offshore Drilling Company
Thursday April 13, 4:00 pm ET ( biz.yahoo.com ).
10. Labwire Inc. Announces Contract with Pan American Express
Tuesday April 11, 12:13 pm ET ( biz.yahoo.com ).
11. HOUSTON, Sept. 29, 2005 (PRIMEZONE) -- Labwire Inc. (Pink Sheets:LBWR) announces that the Company has signed a service contract with Transportation Services, Inc (TSI), a major long-haul truckload transportation provider that transports goods between the U.S. and Mexico. ( biz.yahoo.com )
12. HOUSTON, Aug. 29, 2005 (PRIMEZONE) -- Labwire Inc. (Pink Sheets:LBWR) announces that Hollywood Video, the nation's second largest video rental chain, has renewed and extended the Company's contract for an additional year. ( biz.yahoo.com )
13. HOUSTON, July 11, 2005 (PRIMEZONE) -- Labwire Inc. (Pink Sheets:LBWR) announces that the Company's contract with the largest school bus and inter-city bus operator in North America, initially awarded on July 1, 2004, has reached full scale implementation. The contract, which is the largest DOT-regulated contract in industry history, encompasses drug-screening services and represents significant recurring monthly revenue for the Company. Management anticipates that the contract will generate in excess of $12,000,000 if all extensions are exercised. ( biz.yahoo.com )
Canine Surveillance and Security Teams
k9bombsearch.com
14. HOUSTON, Sept. 19, 2005 (PRIMEZONE) -- Labwire Inc. (Pink Sheets:LBWR) announced today that the company has deployed additional canine surveillance and security teams to oil and gas refineries and chemical facilities in Norco, La. The deployment is the result of an effort to restore order and provide enhanced security to these plants in the wake of Hurricane Katrina, which has devastated the surrounding areas. Labwire's subsidiary, Workplace Screening Services, currently provides canine bomb detection and surveillance services under a contract currently in place with a leading oil and gas corporation. ( biz.yahoo.com )
15. Labwire to Provide Canine Bomb Detection for Private Schools
Wednesday July 27, 2005 4:05 pm ET ( biz.yahoo.com ).
Labwire's Platform
The Labwire(tm) Platform required a capital investment of over $1 million and is a proprietary, web-based application that creates a virtual employment screening chain streamlining all aspects of the screening process in a secure and cost-efficient solution. The platform provides compliance with DOT (Department of Transportation) and DEA (Drug Enforcement Agency) regulations and adheres to strict Health Insurance Portability and Accountability Act (HIPAA) based protocols.
16. HOUSTON, Aug. 3, 2005 (PRIMEZONE) -- Labwire Inc. (Pink Sheets:LBWR) announced that the Company has reached an agreement with Arrin Systems, one of America's leading background search companies, to provide comprehensive drug testing solutions to Arrin's clients via Labwire's leading edge software module. Arrin Systems, headquartered in Carlsbad, California, will begin utilizing the Labwire(tm) Platform to offer drug testing management services to their 1600 clients. According to Dexter Morris, Labwire Inc. President and CEO, ``The Arrin Systems account marks the acceptance of our 'Business Consolidation' model which creates a new revenue stream for the Company. With this model in place, we have the ability to target the entire drug screening industry (estimated at 70 million tests annually) enabling Labwire to significantly increase its market share without significantly incurring additional sales expenses or capital expenditure.' ( biz.yahoo.com )
17. Labwire is 100% transparent:
Transfer Agent:
Holladay Stock Transfer, Inc. 2939 N. 67th Street
Scottsdale, AZ 85251 (480) 481-3940.
Capital Structure as of Aptil 19, 2006
A/S: 150,000,000
issued and outstanding: 138,799,001
restricted: 123,049,003
float: 15,749,998
18. They are voluntarily reporting on pinksheets.com, which is likely the first step to get more information to investors.
pinksheets.com
19. Labwire has NEVER performed a r/s, nor changed business plans.
pinksheets.com
20. Labwire was born on the pinks, and aspiring to move to a higher exchange in the near future.
~~> Could you possibly want to go further? Read the Hollywood Storyline:
investorshub.com |
