Labwire Inc (LBWR)

[creede]

Right you are about those gross Margins!

Gross Profit improved to $ 522,520 vs. $ 445,379 in 2007. This represents a $ 77,141 increase or a 17.32% improvement. Most importantly, gross margin improved to 51% from 44% in 2007. This encouraging trend is indicative of the addition and growth of the OTI business, a swift and successful conversion of the first business from the USIS Alliance, and management’s focus on adding high margin business to its existing contracts and capturing revenue for its technology services.