Labwire Continues Product Expansion
April 08 2009 - 9:00AM
Marketwired
Labwire, Inc. (PINKSHEETS: LBWR), a leading provider of employee
screening solutions and canine security and surveillance services,
announced a new product line of electronic Form I-9 Solutions. The
product line, which is offered through a partnership with Kroll,
the world's leading risk consulting company, can assist U.S.
employers in complying with the Immigration and Reform Control Act
(IRCA). IRCA, which became law in the 1980s, mandates that U.S.
employers complete a Form I-9 for all newly hired employees, as
well as verify their right to work in the United States.
The full range of electronic Form I-9 solutions offered by
Labwire and Kroll provides an efficient, easy-to-use way for U.S.
organizations to perform employment eligibility verifications,
reduces the potential for Form I-9 errors, offers secure online
storage of I-9 forms, and allows for employers to receive proactive
notifications of employees' expiring work authorizations.
Additionally, the electronic Form I-9 solutions let employers
instantly verify a new hire's employment eligibility via the
Department of Homeland Security and Social Security Administration.
Learn more at:
http://www.krollbackgroundscreening.com/comprehensive-services/form-i-9-services/
About Labwire
Labwire, Inc., headquartered in Brookshire, TX, provides secure
and compliant employee drug screening, background checking
services, and other required employee screening 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. For more
information, visit http://www.labwire.com.
About Kroll
Kroll, the world's leading risk consulting company, provides a
wide range of investigative, intelligence, financial, security and
technology services through offices in more than 65 cities in over
25 countries. Kroll is a subsidiary of Marsh & McLennan
Companies, Inc., the global professional services firm.
Kroll's Background Screening division provides organizations
worldwide with comprehensive screening services that help them make
empowered decisions and mitigate risks through industry-leading
expertise and cutting-edge technology. The accurate, compliant, and
timely information it supplies helps its clients make informed
choices in critical areas such as employment, vendor selection,
investment placement, institutional admissions, and data breach
incident management -- including identity theft solutions for
individuals. For more information, visit
http://www.krollbackgroundscreening.com.
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.
Contact: Investors & Public Relations Dexter Morris email:
dexter@labwire.com phone: (281) 934-3153
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