December 27, 2007 - Labwire Completes the Financial Audit by Moore & Associates, Chartered
2007年12月28日 - 7:43AM
PRニュース・ワイアー (英語)
HOUSTON, Dec. 27 /PRNewswire-FirstCall/ -- Labwire, Inc. (Pink
Sheets: LBWR), a leading provider of employee screening solutions
and canine security and surveillance services, announced today that
it has completed its accounting audit performed by the auditing
firm of Moore & Associates, Chartered ("Moore &
Associates"). Under the terms of the audit engagement, Moore &
Associates audited Labwire's December 31, 2005 and 2006 financial
statements in accordance with accounting principles generally
accepted in the United States of America. The objective was to
express an opinion on those statements. Moore & Associates also
conducted its audit in accordance with auditing and related
professional practice standards established by the Public Company
Accounting Oversight Board ("PCAOB"). The process was completed
smoothly and efficiently with minimal disruption of Labwire's
normal business routine. The results of the audit will be posted on
the Labwire website as has been their custom with financial data.
With the successful results of the audit in hand, the Company can
now complete the filings to become a fully reporting Bulletin Board
Company. "This paperwork is in process and should be completed and
filed in the very near future," stated Marlin Williford, Labwire's
CFO. "We are pleased to announce the successful completion of the
audit by Moore & Associates, Chartered," commented Mr. Dexter
Morris, Chief Executive Officer of Labwire, Inc. "This is another
major step in honoring our commitment to shareholders to become a
fully reporting Bulletin Board listed Company and working to
continually improve shareholder value." 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.
Investor and Public Relations Contact: Marlin R. Williford Jr.
email: Phone: (832) 487-7803 DATASOURCE: Labwire, Inc. CONTACT:
Marlin R. Williford Jr. of Labwire, Inc., +1-832-487-7803, Web
site: http://www.labwire.com/
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