Labwire Inc (LBWR)

[creede]

Strategic Acquisitions

Occupational Testing, Inc.

On October 30, 2007, we acquired all of the outstanding stock of Occupational Testing, Inc. “(Occupational Testing”) in exchange for $120,000 in cash and a note payable for $480,000 due and payable in quarterly installments of $40,000 each plus accrued interest at rate of 1% over New York Prime, with the first installment plus accrued interest due on January 31, 2008.

Occupational Testing, a Gillette, Wyoming based corporation that is now a wholly owned subsidiary of the Company, provides a collection facility, pre-employment physicals, employee screening and other employment related services to companies. Occupational Testing’s revenues for the nine months ended September 30, 2007 were $614,671 and for the fiscal year ended December 31, 2006 were $698,097. The results of Occupational Testing will be included in the Company’s financial statements from the date of acquisition.

10-12g - http://www.sec.gov/Archives/edgar/data/1426567/000137219808000021/form10sb.htm


Occupational Testing Website - http://www.occtesting.com/

December 11, 2007 - Labwire Completes Its First Acquisition - http://www.labwire.com/lwnews.asp?itemid=311



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