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LBWR Labwire Inc (CE)

0.0022
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Labwire Inc (CE) USOTC:LBWR OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.0022 0.00 01:00:00

Labwire Launches New Product Line

10/03/2009 1:00pm

Marketwired


Labwire (CE) (USOTC:LBWR)
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Labwire Inc. (PINKSHEETS: LBWR), announces the launch of a new compliance service line designed to provide products and guidance to corporations to comply with "Red Flag Rules" which the FTC (Federal Trade Commission) will begin enforcing May 1, 2009. Compliance with these rules is required under the Fair and Accurate Credit Reporting Act (FACTA) which is a subset of the Fair Credit Reporting Act (FCRA), enacted in 2003. Labwire will provide guidelines on policy, procedures, and inter company compliance (vendors and clients) as well as required employee training and mitigation products.

FTC Business Alert http://www.ftc.gov/bcp/edu/pubs/business/alerts/alt050.shtm

FACTA http://ftc.gov/opa/2005/06/disposal.shtm

The education and compliance products will be delivered over the Labwire on-line education platform and the mitigation product (identity restoration for all employees) is being provided by Kroll Inc. "We are excited about this new product line. It fits well into our platform delivery system for corporate compliance under federal mandates," said Dexter Morris, CEO, Labwire Inc. "This is an opportunity to be in on the start of what we hope will be another compliance based industry similar to drug testing compliance in the 1990s."

About Kroll

Kroll, the world's leading risk consulting company, provides a broad range of investigative, intelligence, financial, security, and technology services to help clients reduce risks, solve problems, and capitalize on opportunities. Kroll Inc. is a subsidiary of Marsh & McLennan Companies, Inc., the global professional services firm.

About Labwire Inc.

Labwire Inc., headquartered in Brookshire, 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. Labwire feels 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: Dexter Morris email: dexter@labwire.com Phone: 281-934-3153

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