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Biotech / Medical : Labwire Inc. -- Ignore unavailable to you. Want to Upgrade?

To: creede who wrote (621)	12/10/2007 10:08:47 AM
From: im a survivor	Read Replies (1) \| Respond to of 1698

OT Thanks, same to you and yours.......

To: creede who wrote (621)	12/12/2007 8:34:55 AM
From: xcentral1	Respond to of 1698

Labwire Completes Its First Acquisition PR NEWSWIRE Posted: 2007-12-11 14:44:31 HOUSTON, Dec. 11 /PRNewswire-FirstCall/ -- Labwire, Inc. (Pink Sheets: LBWR), a leading provider of employee screening solutions and canine security and surveillance services, announced today that it has completed the acquisition of Occupational Testing, Inc., an established provider of occupational substance abuse services located in Gillette Wyoming. The business is already profitable and will add approximately $800,000 in annual sales to Labwire's revenue stream. Additionally, profitability will increase as the economies of the Labwire platform are implemented throughout the customer base. Finally, there are excellent marketing opportunities for value-added services from Labwire such as background checks, volume price advantages for testing and support services, and some potential for marketing of security services. "I am excited to have completed the acquisition of Occupational Testing, Inc.," commented Mr. Dexter Morris, Chief Executive Officer, of Labwire Inc. "We were able to buy a business on '06 numbers that has already shown a 33% increase in sales and profits for '07. This opens up an additional marketplace and expands the use of our Labwire platform to another industry segment valued at some $300-$400m annually in smaller customer sales. Another major step in fulfilling our commitment to shareholders to grow the Company through strategic acquisitions is now delivered representing an additional, significant milestone toward increasing shareholder value." About Labwire: Labwire Inc., headquartered in Houston, TX, 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.