HOUSTON, Aug. 11 /PRNewswire-FirstCall/ -- 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™ Platform. Labwire™ 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.
Copyright . 11 PR Newswire