Labwire Inc (LBWR)

[micham2012]

I hope that future PRs can move the stock. Yesterday's was a complete non-event.

In April 2006, the Company issued a press release that said:

"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."

Perhaps I've missed it, but is there any reason to think that 2008 holds much greater promise than this projection for 2006? I haven't seen a new contract PR since January, and while recent numbers were not bad, they were not particularly good either. Looks to me like the company has been basically break even for the past 2 years or so, and is currently treading water.

I am very long this stock, but wonder if the current story is as good as it is likely to get.

Thanks.

Steve