LBWR,
Labwire May Revenue Up 63 Percent
Tuesday June 13, 9:00 am ET
Labwire Reports Corrected April 2006 Revenue Resulting in a 49 Percent Increase Over April 2005
HOUSTON, TX--(MARKET WIRE)--Jun 13, 2006 -- Labwire, Inc. (Other OTC:LBWR.PK - News), a leading provider of employee screening solutions and canine security and surveillance services, announced today that revenue in May 2006 was $307,772, an increase of $118,977 or 63% over May 2005 results. In addition and for the five months ended May 31, 2006, the Company's revenue was $1,651,324 compared to $833,902 for the five months ended May 31, 2005. This represents an increase of $817,422 or approximately 98%.
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"We continue to experience significant revenue growth, particularly from our employee screening solutions," commented Mr. Dexter Morris, Chief Executive Officer of Labwire, Inc. "I am proud of everybody in our organization and our growth is a result of all of their hard work and long hours. Everybody who works at Labwire is one hundred percent committed to our mission, which is 'Great Service… Period!'"
Labwire's results for the five months ended May 31, 2006 reflect and include April 2006 revenue of $286,512, an increase of $93,827 or 49% over April 2005 results. April 2006 revenue, as stated here, corrects and replaces April 2006 results previously announced in a press release dated June 7, 2006.
About Labwire, Inc.
Labwire, Inc. is headquartered in Houston, Texas and provides secure and compliant employee drug screening and background checking services to Fortune 500 corporations via the Labwire(TM) Platform. Labwire(TM) is a proprietary, Web-based application that streamlines the complex regulatory and record management activities associated with employee screening, delivering accurate timely results while eliminating service calls and paper trails. This comprehensive solution to managing employee screening services is the most efficient and cost-effective platform in the industry. For additional information about Labwire, Inc., please visit www.labwire.com. |
