SOURCE: Labwire, Inc.

January 09, 2007 09:00 ET

Labwire Engages the Auditing Firm of Moore & Associates, Chartered

HOUSTON, TX -- (MARKET WIRE) -- January 9, 2007 -- Labwire, Inc. (PINKSHEETS: LBWR), a leading provider of employee screening solutions and canine security and surveillance services, announced today that it has engaged the auditing firm of Moore & Associates, Chartered ("Moore & Associates"). Under the terms of the engagement, Moore & Associates will audit Labwire's December 31, 2005 and 2006 financial statements in accordance with accounting principles generally accepted in the United States of America, the objective of which is to express an opinion on those statements. Moore & Associates will also conduct its audit in accordance with auditing and related professional practice standards established by the Public Company Accounting Oversight Board ("PCAOB").

"We are pleased to announce the engagement of Moore & Associates, Chartered, a PCAOB registered auditing firm," commented Mr. Dexter Morris, Chief Executive Officer of Labwire, Inc. "This honors our commitment to shareholders to become a fully reporting public company in 2007 and represents another significant step in increasing shareholder value."

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