Labwire Inc (LBWR)

[creede]

Tipping off the USIS Alliance, perhaps?

Labwire Management Announces Financial Accomplishments for 2007
Monday April 14, 10:00 am ET

"2007 was an excellent year for Labwire," stated Marlin Williford, CFO. "We will use this year as a foundation to invest further in our business infrastructure in 2008 and continue to execute and grow our business model. We also completed the negotiation of an increase in our credit facility with Frost Bank, our primary lender. We are pleased to announce that the Bank agreed to an 80% increase in our credit facilities and extended a portion of the loans for three years."

Dexter Morris, Labwire Chairman and CEO, provides the following insight into the business forecast for this year: "As we continue to grow our business we should expect somewhat slower revenue growth for the 1st and 2nd quarters with stable to improving bottom line results. We anticipate continued revenue growth in the 3rd and 4th quarters. We are expanding our platform capacity to ten times our current operational threshold and are excited about the possibilities before us for 2008. The OTI acquisition model is proving to be very successful for Labwire. We will continue to develop OTI and this acquisition business model as we constantly search the market for new opportunities."