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


To: creede who wrote (892)5/18/2008 11:55:46 AM
From: creede  Read Replies (1) | Respond to of 1698
 
Posted by: Creede Bighorns
In reply to: Creede Bighorns who wrote msg# 5881 Date:5/18/2008 11:21:23 AM
Post #of 5959

Posted by: Creede Bighorns
In reply to: Creede Bighorns who wrote msg# 69 Date:3/28/2006 12:44:02 AM
Post #of 5956

Funny how when he looked back, he could clearly see where pride stepped in before the fall. You see, Dexter was warned by a friend of his to not sign the Soros contract with the ratchet clause in place. And Dexter's friend should have known...he was an attorney. Dexter went against good council, because his pride told him that there was nothing that could happen that could cause his numbers to drop that low. After all, he had built the business from nothing, and had more years experience than anyone in the business. He signed the contract with full knowledge of the ratchet. He signed the contract, with no knowledge of the terror that was about to occur......

September 11, 2001

THE PRESIDENT Good evening. Today, our fellow citizens, our way of life, our very freedom came under attack in a series of deliberate and deadly terrorist acts. The victims were in airplanes, or in their offices; secretaries, businessmen and women, military and federal workers; moms and dads, friends and neighbors. Thousands of lives were suddenly ended by evil, despicable acts of terror.

The pictures of airplanes flying into buildings, fires burning, huge structures collapsing, have filled us with disbelief, terrible sadness, and a quiet, unyielding anger. These acts of mass murder were intended to frighten our nation into chaos and retreat. But they have failed; our country is strong.

A great people has been moved to defend a great nation. Terrorist attacks can shake the foundations of our biggest buildings, but they cannot touch the foundation of America. These acts shattered steel, but they cannot dent the steel of American resolve.

America was targeted for attack because we're the brightest beacon for freedom and opportunity in the world. And no one will keep that light from shining.

Today, our nation saw evil, the very worst of human nature. And we responded with the best of America -- with the daring of our rescue workers, with the caring for strangers and neighbors who came to give blood and help in any way they could.

Immediately following the first attack, I implemented our government's emergency response plans. Our military is powerful, and it's prepared. Our emergency teams are working in New York City and Washington, D.C. to help with local rescue efforts.

Our first priority is to get help to those who have been injured, and to take every precaution to protect our citizens at home and around the world from further attacks.

The functions of our government continue without interruption. Federal agencies in Washington which had to be evacuated today are reopening for essential personnel tonight, and will be open for business tomorrow. Our financial institutions remain strong, and the American economy will be open for business, as well.

The search is underway for those who are behind these evil acts. I've directed the full resources of our intelligence and law enforcement communities to find those responsible and to bring them to justice. We will make no distinction between the terrorists who committed these acts and those who harbor them.

I appreciate so very much the members of Congress who have joined me in strongly condemning these attacks. And on behalf of the American people, I thank the many world leaders who have called to offer their condolences and assistance.

America and our friends and allies join with all those who want peace and security in the world, and we stand together to win the war against terrorism. Tonight, I ask for your prayers for all those who grieve, for the children whose worlds have been shattered, for all whose sense of safety and security has been threatened. And I pray they will be comforted by a power greater than any of us, spoken through the ages in Psalm 23: "Even though I walk through the valley of the shadow of death, I fear no evil, for You are with me."

This is a day when all Americans from every walk of life unite in our resolve for justice and peace. America has stood down enemies before, and we will do so this time. None of us will ever forget this day. Yet, we go forward to defend freedom and all that is good and just in our world.

Thank you. Good night, and God bless America.

END 8:35 P.M. EDT

The events of 911 led to Dexter's removal from the company that he had built over a decade earlier. The attacks were the cause of a devastating blow to DISA's bottom line. DISA's clients still had to perform random drug tests, so that part of the revenue stream remained intact, the new hire screening, however, ground to a halt. No one in the nation was hiring under the circumstances. The total lack of revenue from new hire testing caused DISA's numbers to dip below the minimum in the clause. The ratchet was invoked, and Dexter was ousted as the CEO, after all, business is business. In an instant, a nation was brought to it's knees....and Dexter with it.

So what next? Well, the Soros group put their guy in charge, and Dexter was left on the board as a consultant. He felt powerless, and humiliated, but what other choice did he have? Part of the ratchet clause included a non-compete. He couldn't work for another company right now even if he wanted to. So, he did the best he could do to help his company to right the ship.

The first thing that DISA did was hire a whole team of programmers to write a new platform. Each programmer took on a different module and set out to create a platform better than the first. Months were spent on the development of the new platform. In all, DISA spent somewhere in the area of 7 million dollars to build a platform that is arguably worse and not better than what they had to begin with. I guess sometimes just throwing money at a problem doesn't work.

In the fall of 2003, Providence again knocked on Dexter's door. Dexter was speaking at a SAPAA convention (Dexter was one of the 5 founders of SAPPA). After one of lectures, he was approached by a programming genius that said that he had written the best platform for drug testing TPA's in the world. He said that he had done extreme amounts of research, and had conducted interviews with management at 35 different TPA's in order to make a platform that was comprehensive, yet simple. Dexter challenged the programmer with a series of questions designed to reveal the limitations of the platform. Dexter's questions where taylored around the limitations of the DISA platform. He was sure the new platform would not be able to do what the 7 million dollar platform could not. Dexter's curiosity was peaked, and he wanted to see the platform in action. He met with the programmer early the next morning, and to his amazement...it passed with flying colors. It was clearly far superior to anything in the industry. He knew that it would solve DISA's problems, and he could not wait to show them the best platform in the industry. But first, he had to determine who this programmer worked for, and what was the name of the platform. The programmer worked for Workplace Help (a small TPA), and the name of the platform was............. Labwire

So, Dexter began the mission to sell DISA on Labwire. He went immediately to his bosses (sounds funny, huh?), and tried to convince them of their need for Labwire. His pleas fell on deaf ears. They pointed out that they had just spent many millions on a new platform, and another one was the last thing they needed. After seeing that they were not going to budge he went to a board meeting, and formally offered Labwire to them again. They emphatically turned him down in that meeting, not once, but twice....he requested that their denial be placed in the minutes....both times. Soon after, Dexter's non-compete time was spent, and he resigned from the board of the company that he created.

In December of 2003, Dexter Morris, purchased Workplace Help....and Labwire right along with it.

To be continued...

GB-ND
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