MEDIA RELEASE PR40787
Labwire Re-signs Client, Looks Into Gold
HOUSTON, Aug. 13 /PRNewswire-AsiaNet/ --
Labwire Inc. (Pink Sheets: LBWR), a leading Employee Screening Provider,
announced today that the world's largest offshore drilling contractor
recently executed a new service agreement with Labwire Inc. on 2/5/2010. The
new agreement calls for more Lab-based testing through Labwire, and also
provides for web-based employee education and supervisor training which was
not utilized in the previous agreements.
"We are proud that this client has made the decision to expand their
service use of the Labwire platform," said Dexter Morris, Labwire chairman.
"Through June 30, 2010, revenue from this client is up 60% from the same
period in 2009."
Morris adds, "Labwire would also like to acquire additional revenue
streams and is exploring precious metals and minerals, primarily gold, and to
that end has already begun talks involving Idaho properties. We will keep our
shareholders apprised as we move forward."
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.
Safe Harbor Provisions:
Certain oral statements made by management from time to time and certain
statements contained in press releases and periodic reports issued by Labwire
Inc., (the "Company"), as well as those contained herein, that are not
historical facts are "forward-looking statements" within the meaning of
Section 21E of the Securities and Exchange Act of 1934 and, because such
statements involve risks and uncertainties, actual results may differ
materially from those expressed or implied by such forward-looking
statements.
The Company disclaims any intention or obligation to update or revise
forward-looking statements, whether as a result of new information, future
events or otherwise. Safe Harbor Statement under the Private Securities
Litigation Reform Act of 1995: The statements which are not historical facts
contained in this advertisement are forward-looking statements that involve
certain risks and uncertainties including but not limited to risks associated
with the uncertainty of future financial results, additional financing
requirements, development of new products, governmental approval processes,
the impact of competitive products or pricing, technological changes, and the
effect of economic conditions.
SOURCE: Labwire Inc.
CONTACT: Sara Morris of Labwire Inc.,
+1-281-934-3153
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