Labwire Acquires New Aviation Client
February 26 2009 - 10:00AM
Marketwired
Labwire, Inc. (PINKSHEETS: 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.
About Labwire, Inc.
Labwire, Inc., headquartered in Brookshire, 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. Labwire
feels this comprehensive solution to managing employee screening
services is the most efficient and cost-effective platform in the
industry.
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. Forward-looking statements, including
those in Management's Discussion and Analysis, are statements
regarding the intent, belief or current expectations, estimates or
projections of the Company, its Directors or its Officers about the
Company and the industry in which it operates, and are based on
assumptions made by management. Forward looking statements include
without limitation statements regarding: (a) the Company's
strategies regarding growth and business expansion, including
future acquisitions; (b) the Company's financing plans; (c) trends
affecting the Company's financial condition or results of
operations; (d) the Company's ability to continue to control costs
and to meet its liquidity and other financing needs; (e) the
declaration and payment of dividends; and (f) the Company's ability
to respond to changes in customer demand and regulations. Although
the Company believes that its expectations are based on reasonable
assumptions, it can give no assurance that the anticipated results
will occur. When issued in this report, the words "expects,"
"anticipates," "intends," "plans," "believes," "seeks,"
"estimates," and similar expressions are generally intended to
identify forward-looking statements.
Important factors that could cause the actual results to differ
materially from those in the forward-looking statements include,
among other items, (i) changes in the regulatory and general
economic environment; (ii) conditions in the capital markets,
including the interest rate environment and the availability of
capital; (iii) changes in the competitive marketplace that could
affect the Company's revenue and/or cost and expenses, such as
increased competition, lack of qualified marketing, management or
other personnel, and increased labor and inventory costs; (iv)
changes in technology or customer requirements, which could render
the Company's technologies noncompetitive or obsolete; (v) new
product introductions, product sales mix and the geographic mix of
sales.
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.
Investor and Public Relations Contact: Dexter Morris email:
dexter@labwire.com Phone: 281-934-3153
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