Labwire Inc (LBWR)

[micham2012]

Robsct:

The $4 million projection is not mine. It is the company's and was made on April 28, not January 17.

The only new contract that I have seen mentioned in a PR is a contract announced on May 10 expected to generate $75,000-$100,000 per year. I would be surprised to learn that there are contracts in place now that the company knows will result in $6 million in revenues for 2006. That would be a 50% increase over the guidance given on April 28, and would undoubtedly be the subject of a public disclosure, especially since a contract generating $75,000 to $100,000 per year is considered newsworthy.

I have no doubt that the company has prospects and is optimistic. Apparently the company is willing to share that optimism with shareholders that call in for information. I am optimistic too, or would not have invested here. But the idea that the company now has 50% more business than it had on April 28 is not credible. Today's PR has me questioning how firm the $4 million is.

Steve