HOUSTON , Nov. 30 /PRNewswire-FirstCall/ -- Labwire, Inc. (Pink Sheets: LBWR), a leading provider of employee screening solutions and canine security and surveillance services, is pleased to announce that it has filed its interim quarterly financial reports for the periods ending June 30, 2007 and September 30, 2007 .
For the quarters ending June 30, 2007 and September 30, 2007 Labwire
reported gross revenue of
'For the nine months ended September 30, 2007 , Labwire's gross revenue was
For the quarter ended June 30, 2007 Labwire reported gross profit of
For the second and third quarters of 2007 operating expenses were
"I am so proud of our Labwire team for continuing to grow sales while also reducing the cost of delivery of services. As the Labwire platform continues to successfully perform, our plans for growth (sales & acquisitions) will move forward," said Dexter Morris , CEO, Labwire Inc.
Net income also improved for these two quarters. Net income for the June
2007 quarter was
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.
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