Labwire Inc.
14133 Memorial Drive #1
Houston, TX 77079
(281) 597-1611
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Transfer Agent:
Holladay Stock Transfer, Inc. 2939 N. 67th Street
Scottsdale, AZ 85251 (480) 481-3940.
Capital Structure as of Aptil 19, 2006
A/S: 150,000,000
issued and outstanding: 138,799,001
restricted: 123,049,003
float: 15,749,998
Labwire Inc. (Pink Sheets:LBWR), Labwire Announces Record Revenues for 2005; Becomes Profitable Ahead of Schedule
Company Anticipates 'Continuing' Revenue Increase in 2006
HOUSTON, Feb 14, 2006 (PRIMEZONE via COMTEX) -- Labwire Inc. (Pink Sheets:LBWR), a leading Employee Screening Solutions Provider, today announced revenues of $2.6 million dollars for its 2005 fiscal year. The company said the 2005 revenues are record figures in sales volume and revenues. Labwire's total income for 2005 is over eight times greater than the total revenue created the previous year and is its highest revenue level to date according to Dexter Morris, President of Labwire, Inc. In addition, Labwire announced that 2006 operations were profitable to the amount of $173,000, or 6.81% and were reached 6 months ahead of the company's original expectations. Final financial results for 2006 will be released later this week and will be made available at www.pinksheets.com under the company ticker symbol, Morris said.
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.
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