Labwire Inc. Message Board

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Biotech / Medical : Labwire Inc.

LBWR 0.0001000

0.0%

Oct 24 3:23 PM EST

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To: im a survivor who wrote (972)	6/3/2008 1:10:01 AM
From: creede	Read Replies (1) of 1698

I agree with you that banks have been getting their nuts squeezed because they let so much bad paper get out. That's why I think this is significant. labwire.com “2007 was an excellent year for Labwire” stated Marlin Williford, CFO. “We will use this year as a foundation to invest further in our business infrastructure in 2008 and continue to execute and grow our business model. We also completed the negotiation of an increase in our credit facility with Frost Bank, our primary lender. We are pleased to announce that the Bank agreed to an 80% increase in our credit facilities and extended a portion of the loans for three years.” Would think that would be tough to do in time like these. Frost must think highly of Labwire and it's CEO, G. Dexter Morris. GB-ND c

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