Replies to post #439 on Superstar Uplisters

[creede]

Morning. Yes they did. Hope to see more like it today.

[creede]

Labwire Announces Financial Results for First Quarter of 2008
Thursday August 14, 3:20 pm ET

HOUSTON, TX--(MARKET WIRE)--Aug 14, 2008 -- Labwire, Inc. (Other OTC:LBWR.PK - News), a leading provider of employee screening solutions and canine security and surveillance services, announced that Moore and Associates has completed its review of the financial records and results for the quarter ending March 31, 2008 and is pleased to report the following results:

1) Total Revenue of $879,997 vs. $1,167,976 in 2007. Management had previously projected this decline due to the acquisition of its largest client by a non-client London based company. Labwire has negotiated the return of this business (see Labwire release May 15, 2008 "Labwire Signs Alliance") and has already begun the transition of this business back to Labwire (see Labwire release June 30, 2008 "Labwire Completes First Conversion") and expects the returning business to actually grow significantly as it returns.

2) Gross Profit improved to $417,289 vs. $373,688 in 2007. This represents a $43,601 increase or a 11.67% improvement. Most importantly, gross margin improved to 47% from 32% in 2007. This encouraging trend is indicative of the addition of the OTI business and management's focus on adding high margin business to its contracts and capturing revenue for its technology services.

3) Operating Expense: Most operating expenses were flat or down except Payroll Expense which increased to $239,393 vs. $127,072 in 2007. The increase was attributable to the addition of OTI, one-time severance packages, and cost of living adjustments.

"The 1st quarter net income of $7,297 represents another in a string of profitable quarters for Labwire," stated Marlin Williford, CFO. "We improved margins and absorbed some further overhead restructuring of OTI. This gives us a good foundation to build on as we anticipate revenue growth to resume in the second half of the year."

Dexter Morris, Labwire Chairman and CEO, provides the following insight into business activity for this year: "We are pleased with our revenue numbers; we experienced a $550,000+ revenue short fall for the quarter with this business transaction, but were able to increase our base business by more than $250,000, allowing Labwire to have significant revenue and a profitable quarter. To accomplish this and raise our gross margins at the same time is rewarding for management and we are looking forward to more growth and profitability in the second quarter."