Labwire news! Revenues continue to climb.
Labwire Second Quarter Revenue Up 46 Percent
Wednesday July 12, 9:00 am ET
HOUSTON, TX--(MARKET WIRE)--Jul 12, 2006 -- Labwire, Inc. (Other OTC:LBWR.PK - News), a leading provider of employee screening solutions and canine security and surveillance services, announced today that revenue in June 2006 was $256,899, an increase of $56,677 or 28.3% over June 2005 results. In addition and for the second quarter ended June 30, 2006, the Company's revenue was $851,183 compared to $581,702 for the second quarter ended June 30, 2005. This represents a same quarter increase of $269,481 or approximately 46.3%.
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"We are delighted to report record second quarter revenue for Labwire," commented Mr. Dexter Morris, Chief Executive Officer of Labwire, Inc. "Labwire is firing on all cylinders as evidenced by our increase in same month revenue for each of the first six months of 2006 compared to each of the first six months of 2005. In looking to the future, we have some incredible opportunities in the pipeline for the remainder of this year and heading into next."
About Labwire, Inc.
Labwire, Inc. is headquartered in Houston, Texas and 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. For additional information about Labwire, Inc., please visit www.labwire.com.
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