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Labwire Announces 44.4% Year to Date Revenue Growth Through November
Dec 12, 2006 9:00:00 AM
HOUSTON, TX -- (MARKET WIRE) -- 12/12/06 -- Labwire, Inc. (PINKSHEETS: LBWR), a leading provider of employee screening solutions and canine security and surveillance services, announced today its revenue results through November 2006. For the eleven months ended November 30, 2006, the Company's revenue was $3,342,698 compared to $2,314,622 for the eleven months ended November 30, 2005. This represents an increase of $1,028,076 or approximately 44.4%.
"Our spectacular year to date sales results continue to validate our commitment to organic growth," commented Mr. Dexter Morris, Chief Executive Officer of Labwire, Inc. "Labwire is now hitting testing volume and revenue levels never before achieved by the Company. And with continued implementation of some of our existing agreements, we have great expectations for 2007."
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? 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 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.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.
Contact:
S.D. Torrey Hills Capital, Inc.
James Macdonald
Investor Relations
(858) 456-7300
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