Labwire Inc (LBWR)

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LBWR Labwire Announces a 120 Percent Increase in First Quarter Sales For 2006 Compared to Same Quarter a Year Ago
PrimeZone Media Network - April 28, 2006 9:00 AM (EDT)

Company Continuing to Gain Significant Traction in Employee Screening Industry

By Staff

HOUSTON, Apr 28, 2006 (PRIMEZONE via COMTEX) -- Labwire Inc. (Pink Sheets:LBWR), a leading Employee Screening Solutions Provider, today announced first quarter sales for 2006 of $998,513.00, up from $452,421.00 which represents a 120% increase compared to the same time a year ago. Labwire is on track for an annualized run rate of $4 million for 2006 in comparison to the $1.8 million annualized run rate from a year ago this time according to Dexter Morris, CEO of Labwire, Inc.

"Labwire's sales are growing just as we have anticipated," said Morris. "We are continuing to aggressively pursue several potential large clients who could dramatically increase our bottom line. At the same time, we are focused on tightly controlling our costs."

Morris added that actual sales for 2005 were $2.67 million which was 66% higher than original first quarter projections on annualized run rates for 2005.

In other news, Labwire announced the company CEO Dexter Morris was recently interviewed by WallSt.net. The interview is now available for interested parties at www.WallSt.net.

About Labwire:

Labwire Inc. (http://www.labwire.com), 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