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

To: jmhollen who wrote (1488)	3/18/2009 9:50:26 AM
From: xcentral1	Respond to of 1698

This is from the 8-K... 2/26/09 (which may have already been posted..... but I couldn't easily find it..) February 26, 2009 - Labwire Acquires New Aviation Client Brookshire, TX- Feb. 26, 2009 Labwire, Inc. (Pink Sheets: LBWR), a leading provider of employee screening solutions and canine security and surveillance services, announced that on February 19, 2009, it has executed a service agreement with another aviation client with headquarters on the west coast with operations in 35 locations in 21 states. This client is recognized as a world leader in air freight and aviation services with a broad base of customers including other air carriers, aviation companies and governmental agencies. Final approval of operational issues with an “all go” was completed by phone conference on February 25, 2009. The client is expected to require between 10,000 and 12,000 drug and alcohol tests per year, resulting in revenue of around $500,000 annually to the Company. The client will go live on the Labwire platform March 1, 2009. “Once again I am very proud of our staff’s ability to quickly implement and absorb this volume of business. This shows the viability of our system in handling increased volume/revenue to a certain level without additional personnel or incremental service costs. Labwire’s sales team will continue to pursue other clients with the confidence that whatever comes in can be implemented on the client’s timetable”, says Dexter Morris, Chief Executive Officer, Labwire, Inc. The Company filed a Form 8-K with the Securities and Exchange Commission regarding this contract