Labwire Launches New Product Line
10 3월 2009 - 10:00PM
Marketwired
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
Labwire (CE) (USOTC:LBWR)
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