HOUSTON, April 19, 2006 (PRIMEZONE) -- Labwire Inc. (Pink Sheets:LBWR), a leading Employee Screening Solutions Provider, announced today that the Company has been engaged to provide security services on a large offshore drilling platform damaged by hurricane Katrina.
In addition to providing state-of-the-art employee screening services via the leading edge Labwire Platform, the Company continues to offer canine surveillance and security services to chemical plants and refineries. The drilling platform, which is jointly owned by two large oil companies, is located in the Gulf of Mexico and will employ over 500 workers during the term of the rebuilding project. Labwire has been contracted to provide 24-hour patrol and security services. "An operation of this magnitude requires competence, experience and dedication," commented Dexter Morris, Labwire CEO. "Our commitment to providing professional and timely customer service, safety and security in any situation continues to result in the expansion of our customer base, service offerings and revenue channels," continued Mr. Morris. "We are extremely pleased to have expanding service offerings in the security industry and the trust placed in us by these large oil companies. This project is large in scope and vital to the flow of oil and gas from this large platform in the Gulf."
The deployment of the security team will last until the extensive rebuilding process is complete. Under the Company's existing agreement with one of the world's largest Oil, Gas & Chemical companies, Labwire was called upon to quickly and effectively react to the increased security needs of certain Norco, Louisiana and Port Arthur, Texas production facilities in the wake of these two devastating hurricanes earlier this year.
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 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.