SOURCE: Labwire, Inc.

August 15, 2008 14:00 ET

Labwire Management Announces Financial Accomplishments for Second Quarter 2008

HOUSTON, TX--(Marketwire - August 15, 2008) - Labwire, Inc. (PINKSHEETS: LBWR), a leading provider of employee screening solutions and canine security and surveillance services, announced that management has completed its review of the unaudited financial statements for the period ending June 30,2008 and is pleased to report the following results:

    1)  Total Revenue for the quarter in excess of $1,000,000.

    2)  PRE-TAX PROFIT of $65,000. The company should have little or no tax
        liability due to a net operating loss carry forward benefit from
        the Company Startup in prior years. Gross Margin remains strong at
        51%. For the six month period ending June 30, 2008 the gross margin
        was 50% vs. 38% for 2007.

        2007 continues to pay dividends for Labwire.

           A)  Total Revenue for the quarter was $298,000.

           B)  Gross Profit for the quarter was $215,000 before direct
               labor and $169,000 after. Gross Margins including direct
               labor were very strong at 57%.

           C)  Based on the operating efficiencies that management has
               implemented and projected sales growth, management continues
               to believe this unit has the potential to produce $1,000,000
               in revenue and $225,000 in net income for Labwire operations
               in 2008.

"We made great progress in the second quarter of 2008," stated Marlin Williford, CFO. "Quarterly revenues returned to the million dollar level and margins remained strong. We have completed the auditor review for 1st quarter and expect the second quarter to be completed within the next two weeks."

"Labwire is pleased to have grown the business back above the $1 million quarterly revenue level with really strong margins," Dexter Morris, Labwire Chairman and CEO, states. "OTI is performing above expectations and we are excited about several new business opportunities that management is aggressively pursuing. We are also focusing on recovering and expanding former client volume levels through our existing contracts and alliance relationships discussed in previous releases."

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™ 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.

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. Forward-looking statements, including those in Management's Discussion and Analysis, are statements regarding the intent, belief or current expectations, estimates or projections of the Company, its Directors or its Officers about the Company and the industry in which it operates, and are based on assumptions made by management. Forward-looking statements include without limitation statements regarding: (a) the Company's strategies regarding growth and business expansion, including future acquisitions; (b) the Company's financing plans; (c) trends affecting the Company's financial condition or results of operations; (d) the Company's ability to continue to control costs and to meet its liquidity and other financing needs; (e) the declaration and payment of dividends; and (f) the Company's ability to respond to changes in customer demand and regulations. Although the Company believes that its expectations are based on reasonable assumptions, it can give no assurance that the anticipated results will occur. When issued in this report, the words "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," and similar expressions are generally intended to identify forward-looking statements.

Important factors that could cause the actual results to differ materially from those in the forward-looking statements include, among other items, (i) changes in the regulatory and general economic environment; (ii) conditions in the capital markets, including the interest rate environment and the availability of capital; (iii) changes in the competitive marketplace that could affect the Company's revenue and/or cost and expenses, such as increased competition, lack of qualified marketing, management or other personnel, and increased labor and inventory costs; (iv) changes in technology or customer requirements, which could render the Company's technologies noncompetitive or obsolete; (v) new product introductions, product sales mix and the geographic mix of sales.

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.

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