LBWR .12 continues to line up contracts. This is a unique pnkie, actual revenues and earnings LOL. Rapidly becoming my favorite pink penny.
- Labwire Announces Additional Agreement With Leading Petrochemical Company Valued at up to $2.25 Million Annually
Oct 3, 2006 9:00:00 AM
HOUSTON, TX -- (MARKET WIRE) -- 10/03/06 -- Labwire, Inc. (PINKSHEETS: LBWR), a leading provider of employee screening solutions and canine security and surveillance services, is pleased to announce that it has entered into a Blanket Services Agreement ("BSA") with a leading oil and natural gas producer, natural gas marketer, gasoline marketer, and petrochemical manufacturer (the "Petrochemical Company"). Under the terms of the BSA, Labwire will ensure site security to the Petrochemical Company's refinery, storage, and other facilities located throughout North America through the provision of: (i) day to day canine security and contraband (explosive and drug) detection services and (ii) canine and armed officer emergency and disaster response services. The BSA is valued at up to $2.25 million annually and is for an initial term of five years.
"We are extremely pleased to have been awarded this BSA with the Petrochemical Company," commented Mr. Dexter Morris, Chief Executive Officer of Labwire, Inc. "The BSA was earned by our company as a result of our experience and expertise in providing similar services to certain of Petrochemical Company's land-based facilities and to one of its oil and gas operating platforms located in the Gulf of Mexico following Hurricanes Katrina and Rita."
The Petrochemical Company operates refinery, production, storage, terminal, port, and corporate facility locations, which are covered under the BSA and for which Labwire may provide the above-described security and surveillance services. As part of the BSA, each facility determines for itself the need or desire to requisition a Labwire security team. As of the date of this release, Labwire is providing security and surveillance services to two of the Petrochemical Company's refinery and storage facilities.
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.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.
Contact:
S.D. Torrey Hills Capital, Inc.
James Macdonald
Investor Relations
(858) 456-7300 |
