SOURCE: Labwire, Inc.

December 07, 2006 09:00 ET

Labwire Announces Agreement With Carolina Trailways

HOUSTON, TX -- (MARKET WIRE) -- December 7, 2006 -- Labwire, Inc. (PINKSHEETS: LBWR), a leading provider of employee screening solutions and canine security and surveillance services, is pleased to announce that it has entered into an agreement with Carolina Coach Company, Inc., doing business as Carolina Trailways, a southeast regional provider of intercity bus transportation and a subsidiary of the largest provider of intercity bus transportation in North America. Under the terms of the agreement, Labwire will provide comprehensive employee screening solutions, including: (i) secure and compliant drug testing; (ii) secure employee background screening; and (iii) secure and compliant, real-time online data management. The agreement is for an initial term of three years, with two one-year extensions.

"We are pleased to announce this agreement, which further increases Labwire's presence in the transportation industry," commented Mr. Dexter Morris, Chief Executive Officer of Labwire, Inc. "This agreement enhances our position and further solidifies the Company as one of the nation's leading providers of employee screening solutions in the United States."

About Labwire, Inc.

Labwire, Inc. is headquartered in Houston, Texas and provides secure and compliant employee drug screening and background checking services to Fortune 500 corporations via the Labwire™ Platform. Labwire™ is a proprietary, Web-based application that streamlines the complex regulatory and record management activities associated with employee screening, delivering accurate timely results while eliminating service calls and paper trails. This comprehensive solution to managing employee screening services is the most efficient and cost-effective platform in the industry. For additional information about Labwire, Inc., please visit www.labwire.com.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.

Contact Information

  • Contact:
    S.D. Torrey Hills Capital, Inc.
    James Macdonald
    Investor Relations
    (858) 456-7300