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milo3

01/22/09 9:04 AM

#9653 RE: the_worm06 #9649

worm, apparently we don't know much for sure re. the 'leak' in Labwire revenues. LOL (This includes you, myself and others of this forum).
However, I'm confident that Labwire via its most efficient platform in the industry AND its partnership arrangement with USIS is headed to vastly improved revenues and accompanying profits in 2009.
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milo3

01/22/09 9:26 AM

#9655 RE: the_worm06 #9649

worm, business previously lost is being regained. You seem to have left this out of several of your prior messages.
You've never stated your guesstimate of Labwire's revenue gains in 2009 as I've invited you to do. My estimate is +30%.
milo3
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Robsct

01/22/09 11:08 AM

#9657 RE: the_worm06 #9649

You are still misunderstanding the situation. Let me explain it again. NO contract has ever been terminated for cause as you mistakenly posted in the past. Labwire actually never lost the $400K in revenue from the expired contract as other sources of revenue growth in other areas made up for most of it. So we actually had rapid growth in other areas. Third quarter 2008 was $1,292,472 compared to third quarter 2007 of $1,352,671 that's only a drop of $60,199, not $400K. And if we factor in the $208K that was added to third quarter 2007 of recovered revenue then actually third Q 2008 grew over third Q 2007 by $147,801.

http://biz.yahoo.com/e/081223/lbwr.pk10-q.html