HOUSTON, Aug. 18 /PRNewswire-Asia/ -- Labwire Inc. (Pink Sheets: LBWR), a leading Employee Screening Provider, announced today that the world's largest offshore drilling contractor recently executed a new service agreement with Labwire Inc. on 2/5/2010. The new agreement calls for more Lab-based testing through Labwire, and also provides for web-based employee education and supervisor training which was not utilized in the previous agreements.
"We are proud that this client has made the decision to expand their service use of the Labwire platform," said Dexter Morris, Labwire chairman. "Through June 30, 2010, revenue from this client is up 60% from the same period in 2009."
Morris adds, "Labwire would also like to acquire additional revenue streams and is exploring precious metals and minerals, primarily gold, and to that end has already begun talks involving Idaho properties. We will keep our shareholders apprised as we move forward."
About Labwire
Labwire Inc., Headquartered in Houston, TX, provides secure and compliant employee drug screening and background checking services to Fortune 500 corporations via the Labwire(TM) Platform. Labwire(TM) is a proprietary, web-based application that streamlines the complex regulatory and record management activities associated with employee screening, delivering accurate timely results.
Safe Harbor Provisions:
Certain oral statements made by management from time to time and certain statements contained in press releases and periodic reports issued by Labwire Inc., (the "Company"), as well as those contained herein, that are not historical facts are "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934 and, because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.
The Company disclaims any intention or obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this advertisement are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, governmental approval processes, the impact of competitive products or pricing, technological changes, and the effect of economic conditions.
Source: Labwire Inc.
