HOUSTON, Aug. 29, 2005 (PRIMEZONE) -- Labwire Inc. (Pink Sheets:LBWR) announces that Hollywood Video, the nation's second largest video rental chain, has renewed and extended the Company's contract for an additional year. The contract, initially signed on July 10, 2000, encompasses drug screening services to be provided to Hollywood Video's West Coast Distribution center.
Dexter Morris, president of Labwire, stated, "We are very pleased that Hollywood Video has decided to renew our services agreement. The Labwire(tm) Platform has become an integral component of their organization's employee management program, greatly increasing the efficiency and effectiveness of the drug screening process. This renewal demonstrates the excellent client service and unparalleled cost-per-test value proposition that Labwire can provide to the retail industry."
The Company's Labwire(tm) Platform is a leading edge information technology solution that gathers, stores, retrieves, and manages sensitive security and compliance data for multiple industries, including oil and gas, transportation, and retail. The Labwire(tm) Platform is a proprietary, web-based application that creates a virtual employment screening chain, streamlining all aspects of the screening process in a secure and cost-efficient solution. The platform provides the lowest operating cost-per-transaction in the industry.
About Labwire Inc.
Labwire Inc., headquartered in Houston, Texas, provides secure and compliant employee drug screening and background checking services to Fortune 500 corporations. The Company offers a comprehensive set of solutions to manage all aspects of employee screening services including drug testing program development and policy analysis, medical review services, supervisor training, and secure real-time online data management via the Labwire(tm) Platform.
For corporate and product information, please visit www.labwire.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products; the ability to meet customer demand; the ability to manage growth; acquisitions of technology, equipment, or human resources; the effect of economic and business conditions; and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.