UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

~~Washington~~WASHINGTON, D.C. 20549

FORM 10-Q

~~þ Quarterly report~~x ~~pursuant~~QUARTERLY toREPORT ~~Section~~PURSUANT TO SECTION 13 orOR 15 (dD) ofOF ~~the~~THE ~~Securities~~SECURITIES ~~Exchange~~EXCHANGE ~~Act~~ACT of OF 1934

~~For the~~FOR ~~quarterly~~THE ~~period~~QUARTERLY ~~ended:~~PERIOD ~~September~~ENDED 30MARCH 31, ~~2008~~2009

~~o Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934~~Or

~~For~~o ~~the transition~~TRANSITION ~~period~~REPORT ~~from~~PURSUANT ~~_______~~TO toSECTION ~~_________~~13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission ~~file~~File ~~number: 000~~#333-~~1426567~~74638

LABWIRE, INC.

(Exact name of registrant as specified in its charter)

Nevada		37-1501818
NEVADA		37-1501818
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)
(State or other jurisdiction of incorporation)		(IRS Employer Identification Number)

1514 FM 359 N., Brookshire, Texas		77423
1514 North FM 359 Brookshire, Texas		77423
(Address of principal executive offices)		(Zip Code)

(281-) 934~~-3153~~ – 3158

(Registrant’'s telephone ~~number~~no., including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No ¨

~~Yes þ No~~Indicate oby check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes¨ Nox

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act).

Large accelerated filer o ¨ Accelerated filer o¨ Non-accelerated filer ¨ Smaller reporting company x (Do not check if smaller reporting company

~~Non-accelerated~~Indicate ~~filer o Smaller~~by a check mark whether the registrant is a shell company (as defined in Rule ~~Reporting~~12b-2 ~~Company~~of the Exchange Act: Yes þo No x

~~(Do~~State ~~not~~the ~~check~~number ifof ashares ~~smaller~~outstanding ~~reporting~~of ~~company)~~each of the issuer’s classes of common equity, as of the latest practicable date:

~~Indicate by~~At ~~check~~May ~~mark~~8, 2009, ~~whether~~there ~~the~~were ~~registrant~~144,452,334 isshares ~~a shell company (as defined in Rule 12b-2~~ of ~~the~~common ~~Exchange Act). Yes~~stock ~~o No þ~~outstanding.

~~The~~TABLE ~~number~~OF ~~of shares of common stock, $.001 par value, outstanding as of November 28, 2008: 142,699,001shares~~CONTENTS

~~Page~~PART 1I FINANCIAL INFORMATION

LABWIRE, INC.

		Page No.

Item 1.	Financial Statements	3
	Consolidated Balance Sheets – March 31, 2009 (Unaudited) and March 31, 2008	3
	Unaudited Consolidated Statements of Operations-Three Months Ended March 31, 2009 and 2008	4
	Unaudited Consolidated Statement of Changes in Stockholders’ Equity (Deficit) – Three Months Ended March 31, 2009	5
	Unaudited Consolidated Statements of Cash Flows-Three Months Ended March 31, 2009 and 2008	6
	Notes to Unaudited Consolidated Financial Statements	7

Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	16
Item 3.	Quantitative and Qualitative Disclosures About Market Risks	16
Item 4T.	Controls and Procedures	17

PART II OTHER INFORMATION

Item 1.	Legal Proceedings	17
Item 2.	U Unregistered Sales of Equity Securities and Use of Proceeds	17
Item 3.	D Defaults Upon Senior Securities	17
Item 4.	Submission of Matters to a Vote of Security Holders	17
Item 5.	Other Information	17
Item 6.	Exhibits	17

Signatures		18

~~PERIOD ENDED SEPTEMBER 30, 2008~~2

INDEX

				Page
PART I. FINANCIAL INFORMATION
	ITEM 1.		FINANCIAL STATEMENTS
	Financial statements of Labwire, Inc. (unaudited):
			Consolidated balance sheets as of September 30, 2008 (unaudited) and December 31, 2007	3
			Consolidated statements of operations for the three and nine months ended September 30, 2008 and 2007 (unaudited)	4
			Consolidated statement of stockholders' deficiency for the period from December 31, 2005 through September 30, 2008 (unaudited)	5
			Consolidated statements of cash flows for the nine months ended September 30, 2008 and 2007 (unaudited)	6
			Notes to consolidated financial statements (unaudited)	7
	ITEM 2.		MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	17
	ITEM 4T.		CONTROLS AND PROCEDURES	24
PART II. OTHER INFORMATION
		ITEM 1.	LEGAL PROCEEDINGS	25
		ITEM 6.	EXHIBITS	25
SIGNATURES				25

Page 2

PART I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

LABWIRE, INC.

~~Condensed~~ Consolidated Balance Sheets

	September 30, 2008		December 31, 2007
		3/31/2009			12/31/2008
ASSETS	~~(Unaudited)~~		~~(Restated)~~
CURRENT ASSETS:
Cash and cash equivalents - interest bearing	$ 77,485		$ 206,520
Cash and cash equivalents		$	64,007		$	186,144
Accounts receivable, net of allowance for doubtful accounts of $5,600 as of September 30, 2008 and December 31, 2007, respectively	991,945		860,098
Accounts Receivable , net			754,191			480,295
Advances to employees	26,405		-
Prepaid Expenses			205,064			-
Prepaid expenses	29,259		20,696
Employee Advances			30,405			26,405
Total Current Assets	~~1,125,094~~		1,~~087~~053,~~314~~667			692,844
PROPERTY AND EQUIPMENT:
Laboratory equipment	~~53,781~~		5355,~~781~~020			53,781
Vehicles	~~7,000~~		7,000			7,000
Office furniture and equipment	~~51,115~~		3556,~~251~~116			56,116
Proprietary software	~~237,703~~		~~118~~293,~~550~~294			267,617
	349,599		214,582
Less: Accumulated Depreciation			(133,105	)		(113,609	)
Less: accumulated depreciation	(95,866)		(54,207)
Net Property and Equipment			278,325			270,905
Total Property and Equipment	253,733		160,375
OTHER ASSETS:
OTHER ASSETS:
Goodwill			455,210			455,210
Goodwill	455,210		455,210
TOTAL ASSETS		$	1,787,202		$	1,418,959
TOTAL ASSETS	$ 1,834,037		$ 1,702,899
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
CURRENT LIABILITIES
CURRENT LIABILITIES:
Accounts payable and accrued expenses			771,801			316,688
Accounts payable and accrued expenses	$ 387,992		$ 866,796
Income taxes payable			34,521			21,140
Income taxes payable	17,939		24,303
Line of credit			300,000			300,000
Current portion of long-term debt	520,326		401,932
Notes Payable - Bridge Loan			260,000			280,000
Notes payable to related parties	-		156,985
Current portion on long-term debt			197,175			198,290
Accrued interest payable	35,231		7,045
Notes payable to related parties			-			-
Accrued interest payable – related parties	-		21,690
Accrued Interest			2,229			43,297
Total Current Liabilities	961,488		1,478,751
Accrued Interest payable - related parties			-			-
LONG-TERM LIABILITIES:
Total Current Liabilities			1,565,726			1,159,415
Long term-debt, less current portion above	626,883		320,000
LONG-TERM LIABILITIES
Total Long-term Liabilities	626,883		320,000
Long-term debt, less current portion above			266,666			283,574
TOTAL LIABILITIES	1,588,371		1,798,751
Total Long-term Liabilities			266,666			283,574
STOCKHOLDERS’ EQUITY (DEFICIT):
TOTAL LIABILITIES			1,832,392			1,476,776	(1)
Common stock; $0.001par value; 200,000,000 shares authorized; 142,699,001 shares issued and outstanding at September 30, 2008 and 140,399,001 shares at December 31, 2007	142,699		140,399
STOCKHOLDERS' EQUITY (DEFICIT)
Additional paid-in capital	665,235		471,384
Common stock; $0.01 par value; 150,000,000 shares authorized, 142,699,001 and 142,699,001 shares outstanding, respectively			142,699			142,499
Accumulated deficit	(562,268)		(707,635)
Additional paid-in capital			670,674			670,674
Total Stockholders’ Equity (Deficit)	245,666		(95,852)
Accumulated deficit			(858,563	)		(837,403	)
TOTAL LIABILITIES AND STOCKHOLDERS’ (DEFICIT)	1,834,037		1,702,899
Total Stockholders' Equity (Deficit)			(45,190	)		(24,030	)
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT)		$	1,787,202		$	1,418,959

~~The accompanying notes are an integral part of these financial statements.~~3

Page 3

LABWIRE, INC.

~~Condensed~~ Consolidated Statements of Operations

	For the Three Months Ended September 30,				For theNine Months Ended September 30,
		For the Three				For the Three
	2008		2007		2008		2007
		Months Ended				Months Ended
REVENUES	$ 1,292,472		$ 1,352,671		$ 3,168,726		$ 3,529,956
		March 31, 2009				March 31, 2008
COST OF SALES	747,665		927,084		1,707,178		2,285,302
REVENUES		$	1,233,003			$	864,997
GROSS PROFIT	544,807		425,587		1,461,548		1,244,654
COST OF SALES			708,352				462,708
OPERATING EXPENSES:
GROSS PROFIT			524,651				402,289
General and administrative expenses	167,173		96,952		529,194		402,066
OPERATING EXPENSES:
Bad debt expense	365		-		2,366		490
General and administrative expenses			239,480				163,827
Advertising and marketing expense	6,520		1,750		15,896		2,938
Bad debt expense			17,514				520
Payroll expenses	208,879		154,278		674,160		443,752
Advertising and marketing expenses			8,047				4,244
Total Operating Expenses	382,937		252,980		1,221,616		849,246
Payroll expenses			206,139				239,393
OPERATING INCOME	161,870		172,607		239,932		395,408
Total Operating Expenses			471,180				407,984
OTHER INCOME (EXPENSES)
INCOME FROM OPERATIONS			53,471				(5,695	)
Interest expense	(40,026)		(12,645)		(93,002)		(25,197)
OTHER INCOME (EXPENSES)
Interest income	-		-		78		-
Interest expense			(27,466	)			(18,385	)
Total Other Income (Expenses)	(40,026)		(12,645)		(92,925)		(25,197)
Interest income			4				78
NET INCOME BEFORE TAXES	121,844		159,962		147,007		370,211
Total Other Income (Expense)			(27,462	)			(18,307	)
INCOME TAX EXPENSE (BENEFIT)	4,049		-		1,640		32,086
NET INCOME (LOSS) BEFORE TAXES			26,009				(24,002	)
NET INCOME	$ 117,795		$ 159,962		$ 145,367		$ 338,125
PROVISION FOR INCOME TAXES			13,381				(16,299	)
BASIC EARNINGS PER SHARE	$ 0.00		$ 0.00		$ 0.00		$ 0.00
NET INCOME (LOSS)		$	12,628			$	(7,703	)
WEIGHTED AVERAGE NUMBER OFSHARES OUTSTANDING	140,654,557		140,399,001		140,654,557		140,399,001
BASIC EARNINGS (LOSS) PER SHARE		$	0.00			$	(0.00	)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING			142,699,001				140,399,001

~~The accompanying notes are an integral part of these financial statements.~~4

Page 4

LABWIRE, INC.

~~Condensed~~ Consolidated Statements ~~Statement~~ of Stockholders’' Equity (Deficit)

DESCRIPTION	Common Shares	Stock Amount	Additional Paid-In Capital	Accumulated Deficit	Total Stockholders’ Equity (Deficit)
								Additional					Total
Balance, December 31, 2005	136,232,330	$ 136,232	$ 168,346	$ (310,401)	$ (5,823)
		Common				Stock		Paid-In		Accumulated			Stockholders’
Common shares issued for cash	4,166,671	4,167	303,038	-	307,205
		Shares				Amount		Capital		Deficit			Equity (Deficit)
Net loss for the year ended December 31, 2006	-	-	-	(500,981)	(500,981)
Balance, December 31, 2006			140,399,001			$	140,399	$	471,384	$	(811,382	)	$	(199,599	)
Balance, December 31, 2006	140,399,001	140,399	471,384	(811,382)	(199,599)
Cash received for prior issued common shares			-				-		5,439		-			5,439
Net income for the year ended December 31, 2007 (Restated)	-	-	-	103,747	103,747
Net Income for year ended
Balance, December 31, 2007 (Restated)	140,399,001	140,399	471,384	(707,635)	(95,852)
December 31, 2007 (restated)			-				-		-		168,585			168,585
Common stock issued for cash	100,000	100	14,900		15,000
Balance, December 31, 2007 (restated)			140,399,001				140,399		476,823		(642,797	)		(25,575	)
Issuance of common stock to retire debt	2,200,000	2,200	178,951		181,151
Common shares issued for cash			100,000				100		14,900		-			15,000
Net income for the nine months ended September 30, 2008	-	-	-	145,367	145,367
Common stock issued for debt			2,200,000				2,200		178,951		-			181,151
Balance, September 30, 2008	142,699,001	$ 142,699	$ 665,235	$ (562,268)	$ 245,666
Net loss for year ended
December 31, 2008			-				-		-		(194,606	)		(194,606	)
Balance, December 31, 2008			142,699,001			$	142,699	$	670,674	$	(837,403	)	$	(24,030	)
Common shares issued for cash			-				-		-		-			-
Common stock issued for debt			-				-		-		-			-
Top side entry for Cost of Goods Sold accrual											(33,788	)		( 33,788	)
Net income for the three months ended
March 31, 2009			-				-		-		12,628			12,628
			142,699,001			$	142,699	$	670,674	$	(858,563	)	$	(45,190	)

~~The accompanying notes are an integral part of these financial statements.~~5

Page 5

LABWIRE, INC.

~~Condensed~~ Consolidated Statements of Cash Flows

	For the Nine Months Ended September 30
		For the Three			For the Three
	2008		2007
		Months Ended			Months Ended
OPERATING ACTIVITIES
		March 31, 2009			March 31, 2008
Net income	$ 145,367		$ 338,125
OPERATING ACTIVITIES
Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities:
Net Income (Loss)		$	12,628		$	(7,703	)
Depreciation	41,659		14,071
Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities:
Changes in operating assets and liabilities
Depreciation			19,497			11,640
(Increase) decrease in accounts receivable	(158,252)		(296,281)
Changes in operating activities
(Increase) decrease in prepaid expenses	(8,563)		1,382
(Increase) decrease in accounts receivable			(273,896	)		502,390
Increase (decrease) in accounts payable and accrued expenses	(478,804)		17,109
(Increase) decrease in employee advances			(4,000	)		(12,500	)
Increase (decrease) in accrued interest payable	6,496		(19,547)
(Increase) decrease in prepaid expenses			(199,715	)		(191,741	)
Income taxes payable	(6,364)		18,295
Increase (decrease) in accounts payable and accrued expenses			415,977			(368,964	)
Net Cash Provided by (Used) in Operating Activities	(458,461)		73,154
Increase (decrease) in accrued interest payable			7,065			11,275
CASH FLOWS FROM INVESTING ACTIVITIES
Increase (decrease) in income taxes payable			13,381			(24,303	)
Purchase of property and equipment	(15,864)		(61,496)
Net Cash Provided by Operating Activities			(9,063	)		(79,906	)
Development of Software	(119,153)		-
INVESTING ACTIVITIES
Net Cash Used in Investing Activities	(135,017)		(61,496)
Purchase of property and equipment			(1,240	)		(1,479	)
CASH FLOWS FROM FINANCING ACTIVITIES
Capitalized software costs			(25,678	)		(35,500	)
Repayment of notes payable	(150,557)		(66,165)
Net Cash Used in Investing Activities			(26,918	)		(36,979	)
Increase in bank line of credit	300,000		121,933
FINANCING ACTIVITIES
Sale of common stock	15,000
Repayment of notes payable			(86,156	)		( 45,645	)
Increase in notes payable	300,000		76,588
Proceeds from line of credit			-			100,000
Net Cash Provided by Financing Activities	464,443		132,356
Sale of common stock for cash			-			15,000
NET INCREASE (DECREASE) IN CASH	(129,035)		144,014
Net Cash Provided by Financing Activities			(86,156	)		69,355
CASH AT BEGINNING OF YEAR	206,520		108,346
NET INCREASE IN CASH			(122,137	)		(47,530	)
CASH AT END OF PERIOD	$ 77,485		$ 252,360
CASH AT BEGINNING OF YEAR			186,144			200,208
CASH PAID FOR:
CASH AT END OF YEAR		$	64,007		$	152,678
Interest	$ 57,770		$ 3,666
CASH PAID FOR:
Income Taxes	$ -		$ 6,022
Interest		$	27,466		$	31,305
Income Taxes		$	-		$	-
NON CASH FINANCING ACTIVITIES:
Common stock issued for debt		$	-		$	-

The accompanying condensed notes are an integral part of these ~~financial~~consolidated financial statements.

~~Page~~ 6

Labwire, Inc.

Notes to Consolidated Financial Statements

References to September 30, 2008 are Unaudited

1. Summary of Significant Accounting Policies

Nature of Operations - The Company was incorporated in Nevada on October 8, 2004 as Labwire, Inc. (referred to herein as “"the Company”") ~~was incorporated in Nevada on October 8, 2004~~. The Company was established as a an employee screening company specializing in drug testing, and background investigations, ~~employee training, on-line certification and security~~ with a client base of large US and ~~European~~ European corporations. Itwhich provides compliance services for Department ~~of Transportation~~Of Transportation (~~49CFR~~49cfr ~~Part~~part 40) and ~~Federal~~Security ~~Trade~~and ~~Commission~~Exchange Commission (Fair Credit Reporting Act) governed programs.

Basis of Consolidation –- The consolidated financial statements include the accounts of the Company and its ~~two~~ wholly-owned ~~subsidiaries~~subsidiary, Occupational Testing, Inc. All intercompany balances and transactions have been eliminated in in consolidation.

Basis of Presentation -– The accompanying financial statements have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States ~~of America (“U~~.S. ~~GAAP”).~~ Significant accounting principles followed by the Company and the methods of applying those principles, which materially affect the determination of financial position and cash flows, are summarized below.

InCash ~~the~~and ~~opinion~~Cash ofEquivalents ~~management,~~- ~~the~~For ~~accompanying~~purposes ~~balance~~of ~~sheets~~the ~~and~~statement ~~related interim statements~~ of ~~income,~~ cash flows, ~~and~~the Company ~~stockholders’~~considers ~~equity include~~ all ~~adjustments,~~ ~~consisting~~highly ~~only~~liquid ofinstruments ~~normal recurring items, necessary for their fair presentation in conformity~~ with ~~GAAP. Preparing~~original ~~financial~~maturities ~~statements~~of ~~requires~~ninety ~~management~~days toor ~~make estimates and assumptions that affect the reported amounts of assets~~less, ~~liabilities,~~to ~~revenues,~~be ~~and~~cash ~~expenses~~equivalents. ~~Actual results and outcomes may differ from management’s estimates and assumptions.~~

~~Interim~~Allowance ~~results~~for ~~are~~Doubtful ~~not~~Accounts ~~necessarily~~Receivables ~~indicative~~- ofThe ~~results~~allowance for doubtful accounts is based on a ~~full~~combination of historical data, cash payment trends, ~~year~~specific customer issues, write-off trends, general economic conditions and other factors. ~~The~~ ~~information~~These ~~included~~factors inare ~~this~~continuously ~~quarterly~~monitored ~~report~~by ~~should~~management to arrive at an estimate for the amount of accounts receivable that may ultimately be ~~read~~uncollectible. In circumstances where the Company is aware of a specific customer’s inability to meet its financial obligations, the Company records a specific allowance for bad debts against amounts due to reduce the net recognized receivable to the amount it reasonably believes will be collected. This analysis requires making significant estimates, and changes in ~~conjunction~~facts ~~with~~and circumstances ~~information~~could ~~included~~result in material changes in the ~~annual~~allowance ~~financial~~for ~~statements~~uncollectible receivables. The Company’s allowance for doubtful accounts receivables was $187,070 and $192,111 at March 31, 2009 and December 31, 2008, respectively.

~~Cash and~~Fair ~~Cash~~Value ~~Equivalents~~ of Financial Instruments - ~~For~~The ~~purposes~~Company's offinancial ~~the~~instruments includes ~~statement~~accounts ofreceivable, ~~cash~~accounts ~~flows~~payable, ~~the~~notes ~~Company~~payable ~~considers~~and ~~all~~long-term ~~highly~~debt. ~~liquid~~The ~~instruments~~fair ~~with~~market ~~original~~value ~~maturities~~ of ~~ninety~~accounts ~~days~~receivable orand accounts payable approximate their carrying values because their maturities are generally less than toone beyear. Long-term notes receivable and debt obligations are estimated to ~~cash~~approximate ~~equivalents~~their carrying values based upon their stated interest rates.

~~Allowance~~Long-Lived ~~for Uncollectible Receivables~~ Assets - The ~~allowance~~Company reviews ~~for all~~long-lived ~~probable~~assets, ~~uncollectible~~such ~~receivables~~as isproperty ~~based~~and onequipment, aand ~~combination~~purchased ofintangibles ~~historical~~subject ~~data~~to amortization, ~~cash~~for ~~payment~~impairment ~~trends,~~whenever ~~specific~~events ~~customer~~or ~~issues,~~changes ~~write-off~~in ~~trends,~~circumstances ~~general~~indicate ~~economic~~that ~~conditions~~the ~~and~~carrying ~~other~~amount ~~factors.~~of ~~These~~an ~~factors~~asset ~~are continuously~~may ~~monitored~~not bybe recoverable, ~~management~~in toaccordance ~~arrive~~with atStatement anof ~~estimate~~financial ~~for~~Accounting ~~the amount of~~Standards ~~accounts~~(“SFAS”) ~~receivable that may ultimately be uncollectible~~No. In144, ~~circumstances~~Accounting ~~where~~ for the ~~Company~~Impairment isfor ~~aware~~Disposal of aLong-Lived Assets. ~~specific~~Recoverability ~~customer’s~~of ~~inability~~assets to ~~meet~~be ~~its~~held ~~financial obligations,~~and ~~the~~used ~~Company~~is ~~records~~measured by a ~~specific~~comparison of ~~allowance~~the ~~for~~carrying ~~bad~~amount ~~debts~~of ~~against amounts~~an ~~due,~~asset ~~in order~~ to ~~reduce~~estimated ~~the~~undiscounted ~~net~~future ~~recognized~~cash ~~receivable~~flows expected to ~~the~~be ~~amount~~generated ~~it reasonably~~by ~~believes~~the ~~will~~asset. beIf ~~collected.~~the ~~This~~carrying ~~analysis~~amount ~~requires~~of ~~making~~an ~~significant~~asset ~~estimates,~~exceeds ~~and~~its ~~changes~~estimated infuture ~~facts~~cash ~~and~~flows, ~~circumstances~~an ~~could~~impairment ~~result~~charge inis ~~material changes~~recognized in by the ~~allowance~~amount ~~for~~of ~~uncollectible~~the ~~receivables. The~~asset ~~Company’s allowance~~exceeds ~~for~~the ~~uncollectible~~fair ~~receivables~~value ~~was~~of ~~$5,600~~the ~~at September 30, 2008 and December 31, 2007, respectively~~asset.

~~Fair~~Basis of ~~Value~~Presentation - In the opinion of management, ~~Financial~~the ~~Instruments –~~accompanying ~~The~~balance ~~Company’s financial~~sheets ~~instruments~~and ~~includes~~related ~~accounts~~interim ~~receivable~~statements of income, ~~accounts~~cash ~~payable~~flows, ~~notes payable~~ and ~~long-term~~stockholders' ~~debt.~~equity ~~The~~include ~~fair~~all ~~market~~adjustments, ~~value~~consisting only of ~~accounts~~normal ~~receivable~~recurring ~~and accounts~~items, ~~payable~~necessary ~~approximate~~for their ~~carrying~~fair ~~values~~presentation ~~because~~in conformity ~~their~~with ~~maturities~~accounting ~~are~~ principles generally ~~less~~accepted ~~than~~in ~~one~~the ~~year~~United States of America ("U.S. ~~Long-term~~GAAP"). ~~notes~~Preparing ~~receivable~~financial statements requires management to make estimates and ~~debt~~assumptions ~~obligations~~that affect the reported amounts of assets, ~~are~~liabilities, ~~estimated~~revenue, toand ~~approximate~~expenses. ~~their~~Actual ~~carrying~~results ~~values~~and ~~based~~outcomes ~~upon~~may ~~their~~differ ~~stated~~from ~~interest~~management's ~~rates~~estimates and assumptions.

Impairment of Long-Lived Assets – In accordance with Statement of financial Accounting Standards (“SFAS”) No. 144, Accounting for the Impairment for Disposal of Long-Lived Assets, the Company reviews long-lived assets, such as property and equipment, and purchased intangibles subject to amortization, for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable,. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized by the amount of the asset exceeds the fair value of the asset. At December 31, 2007, the Company determined that the fair value of the reporting entity unit exceeds its carrying amount and hence the goodwill is not impaired.7

~~Property~~Interim ~~and~~results ~~equipment –~~are ~~Property~~not ~~and~~necessarily ~~equipment are~~indicative ~~stated~~of atresults ~~cost,~~for ~~net~~a offull ~~accumulated depreciation~~year. ~~Depreciation~~The information isincluded ~~provided primarily~~in bythis ~~the~~Form ~~straight~~10-~~line~~Q ~~method~~should ~~over~~be ~~the~~read ~~estimated~~in ~~useful~~conjunction ~~lives of the~~with ~~related~~information ~~assets~~included ~~generally~~in ofthe ~~five~~Form ~~to seven years~~10-K.

~~Income~~Property ~~Taxes - The Company accounts for income taxes in accordance with Statement of Financial Accounting Standards No. 109, “Accounting for Income Taxes”, which requires an asset~~ and ~~liability~~equipment ~~approach~~- toProperty ~~financial accounting~~ and ~~reporting~~equipment ~~for income taxes. Deferred income tax assets and liabilities~~ are ~~computed~~ ~~annually~~stated ~~for~~at ~~differences~~cost, ~~between~~net ~~the financial statement and tax basis~~ of ~~assets and liabilities that will result in taxable or deductible amounts in~~ ~~the~~accumulated ~~future~~depreciation. ~~based~~Depreciation onis ~~enacted~~provided ~~tax~~primarily ~~laws~~by ~~and rates applicable to~~ the straight-line ~~periods~~method ~~in which~~over the ~~differences~~estimated ~~are~~useful ~~expected~~lives toof ~~affect taxable income. Valuation allowances are established when necessary to reduce~~ the ~~deferred~~related ~~tax~~ assets to ~~the~~generally ~~amount~~of ~~expected~~five to beseven ~~realized~~years. ~~Income tax expense is payable or refundable for the period plus or minus the change during the period in deferred tax assets and liabilities.~~

~~Use of~~Computer ~~Estimates~~equipment -is ~~The preparation~~being ofdepreciated ~~financial~~over ~~statements~~three in(3) ~~conformity~~years, ~~with~~equipment ~~GAAP~~and ~~requires management~~furniture to& ~~make~~fixtures ~~estimates~~over ~~and~~five ~~assumptions~~(5) ~~that~~years ~~affect~~using ~~reported~~the ~~amounts~~straight-line ofmethod, ~~assets~~vehicles ~~and~~over ~~liabilities~~five ~~and~~(5) ~~disclosure~~years ofusing ~~contingent assets and liabilities at~~ the ~~date~~straight-line ~~of the~~method, ~~financial statements~~ and ~~the~~software ~~reported~~over ~~amounts~~five of(5) ~~revenues and expenses~~years ~~during~~using the ~~reporting~~straight-line ~~period~~method. ~~Actual results could differ from those estimates.~~

~~Revenue~~Following ~~Recognition – We have~~is ~~three~~a ~~main~~description ~~sources~~ of revenue: drug testing and related services, training and online certification, and security services provided by an allied company. Drug testing: we fulfill orders for drug testing services, wherein we are responsible for the performance and data maintenance related to employee drug testing for its clients. We do not perform the drug tests, but we fulfill the order through our network of third party labs and other drug testing facilities. Revenue is recognized when the drug testing has been completed by the lab and the customer has been invoiced for the services. We have low bad debt levels because our policy is to deal with large well-positioned firms that pay monthly. Because we track these companyCompany’s ~~activities~~depreciated daily, we are constantly aware of our position and therefore can demand and receive timely payments as we provide on-going compliance services. Pursuant to EITF 99-19, we are responsible for fulfilling a customer’s order, including whether the service is acceptable and therefore bears the risks and rewards of principal. As such, we have elected to record the gross amounts of the contracts. Our service agreements rarely include multiple parts that would have a material impact on the recognition of revenue. As such, we have created our revenue recognition policies pursuant to EITF 00-21.property:

Online training and certification: the Company has designed online testing for various certifications which client employees must attain for their employment. The employee takes the certification examinations online and the client is automatically tagged for billing, which coincides with performance of services.

Asset Description	Historical Cost		Accum Depreciation		Net Book Value
Office Furniture & Equipment	$	56,116	$	34,543	$	21,573
Equipment		55,020		37,266		17,754
Vehicles		7,000		5,444		1,556
Software Development		293,294		55,852		237,442

~~Security services~~Net ~~provided~~Property byand ~~the~~Equipment ~~Company~~$ ~~through its allied company: the process is handled in similar fashion to that described above for drug testing.~~278,325

~~Software~~Income ~~Development~~Taxes ~~Costs~~ - ~~During~~The ~~the~~Company ~~period,~~accounts ~~the~~for income taxes in accordance with ~~Company~~Statement ~~began~~of ~~developing~~Financial aAccounting ~~software~~Standards ~~platform~~No. 109, "Accounting for ~~certain~~Income Taxes", ~~exclusively~~which ~~internal~~requires an asset and liability approach to financial accounting ~~purposes~~and reporting for income taxes. ~~The~~ ~~Company~~Deferred ~~follows~~income tax assets and liabilities are computed annually for differences between the ~~guidance~~financial ~~set~~statement ~~forth~~and tax basis of assets and liabilities that will result in ~~Statement~~taxable ~~of Position~~or ~~98-1,~~deductible ~~Accounting~~amounts ~~for~~in the ~~Cost~~future ofbased ~~Computer~~on ~~Software~~enacted ~~Developed~~tax orlaws ~~Obtained~~and ~~for~~rates ~~Internal~~applicable ~~Use (SOP 98-1),~~to the periods in which ~~accounting~~the ~~for~~differences ~~costs~~are ~~incurred~~expected into affect taxable income. Valuation allowances are established when necessary to reduce the ~~development~~deferred oftax assets to ~~its~~the ~~on-demand~~amount ~~application~~expected ~~suite~~to be realized. ~~SOP 98-1~~The ~~requires~~Company ~~companies~~has toestablished ~~capitalize~~a 100% valuation ~~qualifying~~allowance ~~computer~~for ~~software~~any ~~costs~~temporary ~~that~~timing ~~are~~issues ~~incurred~~resulting ~~during~~in a deferred tax asset. Income tax expense is payable or refundable for the ~~application~~period ~~development~~plus ~~stage~~or ~~and~~minus ~~amortize~~the ~~them~~change ~~over~~during the ~~software’s~~period ~~estimated~~in ~~useful~~deferred tax assets and ~~life~~liabilities.

~~The Company~~Use ~~capitalizes costs associated with developing software for internal use,~~of ~~which~~Estimates - The ~~costs~~preparation ~~primarily include salaries~~ of ~~developers. Direct~~financial ~~costs incurred~~statements in ~~the~~conformity ~~development~~with ofgenerally ~~software are capitalized once the preliminary~~accepted ~~project~~accounting ~~stage~~principles isrequires ~~completed,~~ management ~~has committed~~ to ~~funding~~make ~~the~~estimates ~~projects~~ and assumptions that ~~completion,~~affect ~~and~~reported ~~use~~amounts of ~~the~~assets ~~software~~and ~~for~~liabilities ~~its~~and ~~intended~~disclosure ~~purpose are probable. The Company ceases capitalization~~ of ~~development costs once~~contingent ~~the~~assets ~~software~~and ~~has~~liabilities ~~been substantially completed~~ at the date of ~~conversion~~the ~~and~~financial ~~is ready~~statements ~~for~~and ~~its~~the ~~intended use. The estimation of useful lives requires a~~reported ~~significant~~amounts ~~amount~~ of ~~judgment~~revenues ~~related~~and toexpenses ~~matters,~~during ~~specifically,~~the ~~future~~reporting ~~changes in technology~~period. ~~The~~Actual ~~Company believes no events or circumstances warrant revised~~results ~~estimates~~could ofdiffer ~~useful~~from ~~lives~~those ~~of the software~~estimates.

Revenue Recognition - The Company's revenues are derived principally from the sale of medical testing services to companies and individuals. Revenue is recognized after the test as services have been provided and there are no longer any material commitments to the customer.

Software Development Costs - The Company follows the guidance set forth in Statement of Position 98-1, Accounting for the Cost of Computer Software Developed or Obtained for Internal Use (SOP 98-1), in accounting for costs incurred in the development of its on-demand application suite. SOP 98-1 requires companies to capitalize qualifying computer software costs that are incurred during the application development stage and amortize them over the software’s estimated useful life.

1. Summary of Significant Accounting Policies - Continued

Software Development Costs - continued

The Company capitalizes costs associated with developing software for internal use, which costs primarily include salaries of developers. Direct costs incurred in the development of software are capitalized once the preliminary project stage is completed, management has committed to funding the project and completion and use of the software for its intended purpose are probable. The Company ceases capitalization of development costs once the software has been substantially completed at the date of conversion and is ready for its intended use. The estimation of useful lives requires a significant amount of judgment related to matters, specifically, future changes in technology. The Company believes there have not been any events or circumstances that warrant revised estimates of useful lives.

Purchase Accounting - The Company completed acquisitions in 2004 and in the fourth quarter of 2007. The purchase method of accounting requires companies to assign values to assets and liabilities acquired based upon their fair values. In most instances, there is not a readily defined or listed market price for individual assets and liabilities acquired in connection with a business, including intangible assets. The determination of fair value for assets and liabilities in many instances requires a high degree of estimation. The valuation of intangibles assets, in particular, is very subjective. The Company generally uses internal cash flow models and, in certain instances, third party valuations in estimating fair values. The use of different valuation techniques and assumptions can change the amounts and useful lives assigned to the assets and liabilities acquired, including goodwill and other intangible assets and related amortization expense.

Advertising Costs - Advertising costs are reported in selling, general and ~~administrative~~ administrative expenses and include advertising, marketing and promotional programs. As of ~~December~~ March 31, ~~2007~~2009 and ~~2006~~December 31, 2008, all of these costs were charged to expenses in the period or year in which incurred. Advertising costs for the ~~nine~~quarters ~~months~~ ended ~~September~~ 30March 31, ~~2008~~2009 and ~~the year ended~~ December 31, ~~2007~~2008 were $158,~~896and~~047 and $1019,~~240~~648, respectively.

Stock ~~Based~~Options ~~Compensation –The Company accounts for stock~~-~~based~~ employee compensation arrangements using the fair value method in accordance with the provisions of Statement of Financial Accounting Standards no.123(R), Share-Based Payments, and Staff Accounting Bulletin No. 107, Share-Based Payments. The Company accounts for ~~the~~ stock options issued to ~~non-~~employees in accordance with ~~the~~APB ~~provisions of Statement of Financial Accounting Standards~~ No. ~~123, Accounting for Stock-Based Compensation, and Emerging Issues Task Force No~~25. 96-18, Accounting for Equity Instruments with Variable Terms That Are Issued for Consideration other Than Employee Services Under FASB Statement No. 123. The fair value of stock options and warrants granted to employees and non-employees is determined using the Black-Scholes option pricing model. The Company has adopted SFAS 123(R) and applied it in the period presented. The Company had not issued any options to employees in the prior periods; thus there was no impact of adopting the new standard.

~~Net earnings (loss) per share~~ ~~- Basic and diluted net~~The ~~loss~~Company ~~per~~has ~~share~~elected ~~information~~to isadopt ~~presented under~~ the disclosure requirements of SFAS No. ~~128,~~123 ~~Earnings~~"Accounting ~~per~~for ~~Share~~Stock-based Compensation". ~~Basic~~This ~~net~~statement ~~loss~~requires ~~per~~that ~~share~~the Company isprovide ~~computed~~proforma byinformation ~~dividing~~regarding net income (loss) byand ~~the~~income (loss) ~~weighted~~per ~~average~~share ~~number~~as ofif ~~shares~~compensation ofcost ~~common stock outstanding~~ for the ~~period,~~ ~~less~~Company's ~~shares~~stock options ~~subject~~granted tohad ~~repurchase.~~been ~~Diluted~~determined ~~net~~in ~~loss~~accordance ~~per~~with ~~share reflects~~ the ~~potential~~fair ~~dilution~~value ofbased method ~~securities~~prescribed byin ~~adding~~SFAS ~~other~~No. ~~common~~123. ~~stock equivalents~~Additionally, ~~including~~ ~~stock~~SFAS ~~options,~~No. ~~shares~~123 ~~subject~~generally ~~to repurchase, warrants and convertible~~requires ~~notes~~that in the ~~weighted-average~~Company ~~number~~record ofoptions ~~common~~issued ~~shares~~to ~~outstanding for a period~~non-employees, if ~~dilutive.~~based ~~During~~on the ~~nine~~fair ~~months ended September 30, 2008 and 2007 there were~~value ~~no dilutive securities. The computation~~ of ~~earnings~~the ~~(loss) per share is as follows:~~options.

	Nine Months Ended September 30,
	2008	2007
Net Income	$ 145,367	$ 338,125
Weighted average shares outstanding	140,654,557	140,399,001
Basic Earnings per share	$ 0.00	$ 0.00

Stock Based Compensation – Labwire accounts for stock-based employee compensation arrangements using the fair value method in accordance with the provisions of Statement of Financial Accounting Standards no.123(R) or SFAS No. 123(R), Share-Based Payments, and Staff Accounting Bulletin No. 107, or SAB 107, Share-Based Payments. The company accounts for the stock options issued to non-employees in accordance with the provisions of Statement of Financial Accounting Standards No. 123, or SFAS No. 123, Accounting for Stock-Based Compensation, and Emerging Issues Task Force No. 96-18, Accounting for Equity Instruments with Variable Terms That Are Issued for Consideration other Than Employee Services Under FASB Statement No. 123. The fair value of stock options and warrants granted to employees and non-employees is determined using the Black-Scholes option pricing model.

~~Recent~~Net Earnings ~~Accounting~~(Loss) per Share - Basic and diluted net loss per share ~~Pronouncements~~information is presented under the requirements of SFAS No. 128, Earnings per Share. Basic net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding for the period, less shares subject to repurchase. Diluted net loss per share reflects the potential dilution of securities by adding other common stock equivalents, including stock options, shares subject to repurchase, warrants and convertible notes in the weighted-average number of common shares outstanding for a period, if dilutive. During the three months ended March 31, 2009 and the year ended December 31, 2008 there were no dilutive securities. The computation of earnings (loss) per share is as follows:

In May 2008, the Financial Accounting Standards Board (“FASB”) issued SFAS No. 163, “Accounting for Financial Guarantee Insurance Contracts and Interpretation of FASB Statement No. 60”. SFAS No. 163 clarifies how Statement 60 applies to financial guarantee insurance contracts, including the recognition and measurement of premium revenue and claims liabilities. This statement also requires expanded disclosures about financial guarantee insurance contracts. SFAS No. 163 is effective for fiscal years beginning on or after December 15, 2008, and interim periods within those years. SFAS No. 163 has no effect on the Company’s financial position, statements of operations, or cash flows at this time.

	Quarter Ended			Quarter Ended
	Mar 31, 2009,			Dec 31, 2008

Net Income (Loss)	$	12,628		$	( 194,606	)
Weighted average shares outstanding		142,699,001			141,586,433
Basic Earnings (Loss) per share	$	( 0.00	)	$	0.00

Recent Accounting Pronouncements

In June 2008, the FASB issued FASB Staff Position EITF 03-6-1, Determining Whether Instruments Granted in Share-Based Payment Transactions Are Participating Securities, (“FSP EITF 03-6-1”). FSP EITF 03-6-1 addresses whether instruments granted in share-based payment transactions are participating securities prior to vesting, and therefore need

1. Summary of Significant Accounting Policies - Continued

to be included in the computation of earnings per share under the two-class method as described in FASB Statement of Financial Accounting Standards No. 128, “Earnings per Share.” FSP EITF 03-6-1 is effective for financial statements issued for fiscal years beginning on or after December 15, 2008 and earlier adoption is prohibited. We are not required to adopt FSP EITF 03-6-1; neither do we believe that FSP EITF 03-6-1 would have material effect on our consolidated financial position and results of operations if adopted.

In May 2008, the Financial Accounting Standards Board (“FASB”) issued SFAS No. 163, “Accounting for Financial Guarantee Insurance Contracts-an interpretation of FASB Statement No. 60”. SFAS No. 163 clarifies how Statement 60 applies to financial guarantee insurance contracts, including the recognition and measurement of premium revenue and claims liabilities. This statement also requires expanded disclosures about financial guarantee insurance contracts. SFAS No. 163 is effective for fiscal years beginning on or after December 15, 2008, and interim periods within those years. SFAS No. 163 has no effect on the Company’s financial position, statements of operations, or cash flows at this time.

In May 2008, the Financial Accounting Standards Board (“FASB”) issued SFAS No. 162, “The Hierarchy of Generally Accepted Accounting Principles”. SFAS No. 162 sets forth the level of authority to a given accounting pronouncement or document by category. Where there might be conflicting guidance between two categories, the more authoritative category will prevail. SFAS No. 162 will become effective 60 days after the SEC approves the PCAOB’s amendments to AU Section 411 of the AICPA Professional Standards. SFAS No. 162 has no effect on the Company’s financial position, statements of operations, or cash flows at this time.

In March 2008, the Financial Accounting Standards Board, or FASB, issued SFAS No. 161, Disclosures about Derivative Instruments and Hedging Activities—an amendment of FASB Statement No. 133. This standard requires companies to provide ~~enhanced~~ enhanced disclosures about (a) how and why an entity uses derivative instruments, (b) how derivative instruments and related hedged items are accounted for under Statement 133 and its related interpretations, and (c) how ~~derivative~~ derivative instruments and related hedged items affect an entity’s financial position, financial performance, and cash flows. This Statement is effective for ~~financial~~ financial statements issued for fiscal years and interim periods beginning after ~~November~~ November 15, 2008, with early application encouraged. The Company has not yet adopted the provisions of SFAS No. 161, but does not expect it to have a material impact on its ~~consolidated~~ financial position, results of operations or cash flows.

In December 2007, the SEC issued Staff Accounting Bulletin (SAB) No. 110 regarding the use of a “"simplified”" method, as discussed in SAB No. 107 (SAB 107), in developing an estimate of expected term of “"plain vanilla”" share options in accordance with SFAS No. 123 (R), Share-Based Payment. In particular, the staff indicated in SAB 107 that it will accept a company’'s election to use the simplified method, regardless of whether the company has sufficient information to make more refined estimates of expected term. At the time SAB 107 was issued, the staff believed that more detailed external information about employee exercise behavior (e.g., employee exercise patterns by industry and/or other categories of companies) would, over time, become readily available to companies. Therefore, the staff stated in SAB 107 that it would not expect a company to use the simplified method for share option grants after December 31, 2007. The staff understands that such detailed information about employee exercise behavior may not be widely available by December 31, 2007. Accordingly, the staff will continue to accept, under certain circumstances, the use of the simplified method beyond December 31, 2007. The Company currently uses the simplified method for “plain vanilla” share options and warrants, and will assess the impact of SAB 110 for fiscal year 2009. It is not believed that this will have an impact on the Company’s ~~consolidated~~ financial position, results of operations or cash flows.

In December 2007, the FASB issued SFAS No. 160, Noncontrolling Interests in Consolidated Financial Statements—an amendment of ARB No. 51. This statement amends ARB 51 to establish accounting and reporting standards for the noncontrolling interest in a subsidiary and for the deconsolidation of a subsidiary. It clarifies that a noncontrolling interest in a subsidiary is an ownership interest in the consolidated entity that should be reported as equity in the consolidated financial statements. Before this statement was issued, limited guidance existed for reporting noncontrolling interests. As a result, considerable diversity in practice existed. So-called minority interests were reported in the consolidated statement of financial position as liabilities or in the mezzanine section between liabilities and equity. This statement improves comparability by eliminating that diversity. This statement is effective for fiscal years, and interim periods within those fiscal years, beginning on or after December 15, 2008 (that is, January 1, 2009, for entities with calendar year-ends). Earlier adoption is prohibited. The effective date of this statement is the same as that of the related Statement 141 (revised 2007). The Company will adopt this Statement beginning March 1, 2009. It is not believed that this will have an impact on the Company’s consolidated financial position, results of operations or cash flows.10

~~In December 2007, the FASB, issued FAS No~~1. ~~141 (revised 2007), Business~~ ~~Combinations.~~Summary ‘This Statement replaces FASB Statement No. 141, Business Combinations, but retains the fundamental requirements in Statement 141. This Statement establishes principles and requirements for how the acquirer: (a) recognizes and measures in its financial statements the identifiable assets acquired, the liabilities assumed, and any noncontrolling interest in the acquiree; (b) recognizes and measures the goodwill acquired in the business combination or a gain from a bargain purchase; and (c) determines what information to disclose to enable users of ~~the~~Significant ~~financial statements~~Accounting toPolicies ~~evaluate~~- the nature and financial effects of the business combination. This statement applies prospectively to business combinations for which the acquisition date is on or after the beginning of the first annual reporting period beginning on or after December 15, 2008. An entity may not apply it before that date. The effective date of this statement is the same as that of the related FASB Statement No. 160, Noncontrolling Interests in Consolidated Financial Statements. The Company will adopt this statement beginning March 1, 2009. It is not believed that this will have an impact on the Company’s consolidated financial position, results of operations or cash flows.Continued

~~In February~~Recent 2007, the FASB, issued SFAS No. 159, The Fair Value Option for Financial Assets and Liabilities—Including an Amendment of FASB Statement No. 115. This standard permits an entity to choose to measure many financial instruments and certain other items at fair value. This option is available to all entities. Most of the provisions in FAS 159 are elective; however, an amendment to FAS 115 Accounting ~~for Certain Investments in Debt and~~ ~~Equity~~Pronouncements ~~Securities~~– applies to all entities with available for sale or trading securities. Some requirements apply differently to entities that do not report net income. SFAS No. 159 is effective as of the beginning of an entities first fiscal year that begins after November 15, 2007. Early adoption is permitted as of the beginning of the previous fiscal year provided that the entity makes that choice in the first 120 days of that fiscal year and also elects to apply the provisions of SFAS No. 157 Fair Value Measurements. The Company will adopt SFAS No. 159 beginning March 1, 2008 and is currently evaluating the potential impact the adoption of this pronouncement will have on its consolidated financial statements.continued

In ~~September~~December ~~2006~~2007, the FASB issued SFAS No. ~~157~~160, ~~Fair~~Noncontrolling ~~Value~~Interests ~~Measurements~~in Consolidated Financial Statements—an amendment of ARB No. 51. This statement ~~defines~~amends ~~fair~~ARB ~~value,~~51 ~~establishes~~to aestablish ~~framework~~accounting ~~for measuring~~and ~~fair~~reporting ~~value~~standards infor ~~accordance~~the ~~with~~noncontrolling ~~GAAP,~~interest ~~and~~in ~~expands~~a ~~disclosures~~subsidiary ~~about~~and ~~fair~~for ~~value~~the ~~measurements.~~deconsolidation ~~This~~of ~~statement~~a ~~applies~~subsidiary. ~~under~~It ~~other~~clarifies ~~accounting pronouncements~~ that ~~require~~ ora ~~permit~~noncontrolling ~~fair~~interest ~~value~~in a ~~measurements,~~subsidiary ~~the~~is ~~Board~~an ~~having~~ownership ~~previously~~interest ~~concluded~~ in ~~those~~the ~~accounting~~consolidated ~~pronouncements~~entity that ~~fair~~should ~~value~~be reported isas equity in the ~~relevant~~consolidated ~~measurement attribute~~financial statements. ~~Accordingly,~~Before this statement ~~does~~was ~~not~~issued, ~~require~~limited ~~any~~guidance ~~new~~existed ~~fair~~for ~~value~~reporting noncontrolling ~~measurements~~interests. ~~However~~As a result, ~~for~~considerable ~~some~~diversity ~~entities,~~in ~~the~~practice ~~application~~existed. ofSo-called minority ~~this~~interests were reported in the consolidated statement ~~will~~of financial ~~change~~position ~~current~~as ~~practice~~liabilities or in the mezzanine section between liabilities and equity. This statement isimproves ~~effective~~comparability ~~for~~by ~~financial~~eliminating ~~statements~~that diversity. ~~issued~~This ~~for~~statement ~~fiscal~~is ~~years~~effective ~~beginning~~for ~~after~~fiscal ~~November 15~~years, ~~2007,~~ and interim periods within those fiscal years., ~~Earlier~~beginning ~~application~~on isor ~~encouraged~~after December 15, ~~provided~~2008 (that ~~the reporting~~is, ~~entity~~January ~~has~~1, ~~not~~2009, for ~~yet~~entities ~~issued~~with ~~financial~~calendar ~~statements~~year-ends). ~~for~~Earlier ~~that~~adoption ~~fiscal~~is ~~year,~~prohibited. The ~~including~~effective ~~financial~~date ~~statements~~of ~~for~~this anstatement ~~interim~~is ~~period~~the ~~within~~same as that ~~fiscal~~of ~~year.~~the related Statement 141 (revised 2007). The Company will adopt this ~~statement~~Statement beginning March 1, 2009. ~~2008,~~It ~~and it~~ is not believed that this will have an impact on the Company’s ~~consolidated~~ financial position, results of operations or cash flows.

In ~~September~~December ~~2006~~2007, the ~~Financial~~FASB, ~~Accounting~~issued ~~Standards~~FAS ~~Board~~No. ~~issued~~141 ~~Statement~~(revised of2007), Business Combinations.’This ~~Financial~~Statement ~~Accounting~~replaces ~~Standards~~FASB Statement No. ~~157~~141, ~~“Fair~~Business ~~Value~~Combinations, ~~Measurements”~~but retains ~~which~~the ~~defines fair~~fundamental ~~value,~~requirements in Statement 141. This Statement establishes aprinciples ~~framework~~and requirements for ~~measuring~~how ~~fair~~the ~~value~~acquirer: (a) recognizes and measures in ~~accordance~~its ~~with~~financial statements the identifiable assets ~~GAAP~~acquired, ~~and~~the ~~expands~~liabilities ~~disclosures~~assumed, ~~about~~and ~~fair~~any ~~value~~noncontrolling ~~measurements.~~interest ~~Where~~in ~~applicable,~~the ~~SFAS~~acquiree; ~~No. 157~~(b) ~~simplifies~~recognizes and ~~codifies~~measures ~~related~~the ~~guidance~~goodwill ~~within~~acquired ~~GAAP~~in ~~and~~the ~~does~~business ~~not~~combination ~~require~~or ~~any~~a ~~new~~gain ~~fair~~from ~~value~~a ~~measurements.~~bargain ~~SFAS~~purchase; ~~No. 157~~and is(c) ~~effective~~determines ~~for~~what information to disclose to enable users of the financial statements ~~issued~~to evaluate the nature and financial effects of the business combination. This statement applies prospectively to business combinations for ~~fiscal~~which ~~years~~the acquisition date is on or after the beginning of the first annual reporting period beginning on or after ~~November~~ December 15, ~~2007,~~ ~~and~~2008. ~~interim~~An ~~periods~~entity ~~within~~may ~~those~~not ~~fiscal~~apply ~~years. Earlier~~it ~~adoption~~before ~~is encouraged~~that date. The effective ~~Company~~date ~~does~~of ~~not~~this ~~expect~~statement is the ~~adoption~~same as that of ~~SFAS~~the related FASB Statement No. ~~157~~ 160, Noncontrolling Interests in toConsolidated ~~have~~Financial aStatements. The ~~significant~~Company ~~effect~~will adopt this statement beginning March 1, 2009. It is not believed that this will have an impact on ~~its~~the Company’s financial position, or results of operations or cash ~~operation~~flows.

2In February 2007, the FASB, issued SFAS No. 159, The Fair Value Option for Financial Assets and Liabilities—Including an Amendment of FASB Statement No. 115. ~~Restatement~~This standard permits an entity to choose to measure many financial instruments and certain other items at fair value. This option is available to all entities. Most of the provisions in FAS 159 are elective; however, an amendment to FAS 115 Accounting for Certain Investments in Debt and Equity Securities applies to all entities with available for sale or trading securities. Some requirements apply differently to entities that do not report net income. SFAS No. 159 is effective as of the beginning of an entities first fiscal year that begins after November 15, 2007. Early adoption is permitted as of the beginning of the previous fiscal year provided that the entity makes that choice in the first 120 days of that fiscal year and also elects to apply the provisions of SFAS No. 157 Fair Value Measurements. The Company adopted SFAS No. 159 beginning March 1, 2008. The adoption of this pronouncement did not have an impact on the Company’s financial position, results of operations or cash flows.

In ~~preparing~~September 2006, the ~~financial~~FASB ~~statements~~issued ~~for~~SFAS ~~the~~No. ~~quarter~~157, ~~ended~~Fair ~~March~~Value Measurements This ~~31,~~statement ~~2008~~defines fair value, ~~the~~establishes a ~~Company~~framework ~~determined~~for ~~that~~measuring itfair ~~had~~value ~~recorded~~in ~~excess~~generally ~~revenue~~accepted ~~during~~accounting ~~the~~principles (GAAP), ~~year~~and ~~ended December~~expands ~~31,~~disclosures ~~2007~~about fair value measurements. As ~~the~~This ~~result~~statement applies ofunder ~~this~~other ~~error~~accounting pronouncements that require or permit fair value measurements, wethe ~~are~~Board having previously concluded in those accounting ~~restating~~pronouncements ~~our~~that ~~financial~~fair ~~statements~~value ~~(“The~~is ~~Restatement”)~~the ~~and~~relevant ~~associated~~measurement attribute. ~~disclosures~~Accordingly, tothis ~~reduce~~statement ~~revenues~~does not require any new fair value measurements. ~~The~~ However, ~~error~~for ~~resulted~~some inentities, the ~~over statement~~application of ~~and~~this astatement ~~corresponding~~will ~~understatement~~change current ofpractice. ~~net~~This ~~loss~~statement byis ~~$241,932,~~effective for ~~the~~financial statements issued ~~year~~for ~~ending~~fiscal ~~December~~years 31beginning after November 15, 2007, and interim periods within those fiscal years. ~~The~~Earlier ~~restatement~~application ~~impacted~~is ~~certain~~encouraged, ~~line~~provided ~~items~~that the ~~within~~reporting ~~cash~~entity ~~flows~~has ~~from~~not ~~operations~~yet issued financial statements for that fiscal year, including ~~but~~financial ~~had~~statements nofor ~~effect~~an oninterim ~~total~~period ~~cash~~within ~~flows~~that ~~from~~fiscal year. ~~operations~~The ~~and~~Company adopted this statement March 1, 2008. The adoption of this pronouncement did not have an impact ~~cash~~on ~~flows~~the ~~from~~Company’s ~~financing~~financial position, results of operations or ~~investing activities~~cash flows.

~~The restatement also affected Note 7.~~11

~~The effect of the restatement on specific items in the balance sheet is as follows:~~2. Goodwill

	December 31, 2007
	As Previously Reported	Adjustments	As Restated
STOCKHOLDERS’ EQUITY:
Retained earnings (deficit)	$ (465,703)	$ (241,932)	$ (707,635)
Total Stockholders’ Equity	$ 146,080	$ (241,932)	$ (95,852)

The Company acquired 100% of Occupational Testing, Inc. (OTI) on October 31, 2007 for $120,000 cash and a $480,000 note bearing interest at 1% over New York floating prime. The note is payable in quarterly installments of $40,000 plus accrued interest beginning January 31, 2008. The purchase of OTI resulted in $455,210 in goodwill as an asset on the Company’s financial statements. At March 31, 2009, the Company determined that the fair value of the reporting entity unit exceeds its carrying amount and hence the goodwill is not impaired. In 2006, the Company wrote off $476,933 in goodwill deemed impaired from the Workplace Screening, Inc. acquisition of Labwire, Inc.

~~The~~3. Line ~~effect~~ of ~~the restatement on specific items in the statements of operations is as follows:~~Credit

	Year ended December 31, 2007
	As Previously Reported	Adjustments	As Restated
REVENUES:	$ 4,799,631	$ (241,932)	$ 4,557,699
GROSS PROFIT	1,705,101	(241,932)	1,463,169
OPERATING INCOME	420,190	(241,932)	178,258
NET INCOME	345,679	(241,932)	103,747

On March 4, 2008, the Company transferred the $241,933 balance on the revolving Line of Credit to an installment loan at 4.25% with Frost Bank maturing on March 4, 2011. Monthly installment payments of $6,761.31 plus interest are due on the 4th of each month.

~~The~~On March ~~effect~~4, of2008, the ~~restatement~~Company established another $300,000 revolving line of credit with Frost Bank that matures on ~~specific~~March ~~items~~4, in2009. The interest rate on the outstanding ~~statements~~balance of ~~cash~~the ~~flows~~revolving line of credit is a floating prime plus 1% asand ~~follows:~~is due on the 13th of each month.

	Year ended December 31, 2007
	As Previously Reported	Adjustments	As Restated
OPERATING ACTIVITIES:
Net Income	$ 345,679	$ (241,932)	$ 103,747
Changes in operating assets and liabilities:
Increase in accounts receivable	(369,486)	241,932	(127,554)
Net cash used in operating activities	62,054	-	62,054

The principal balance owing by the Company at March 31, 2009 was $300,000 and accrued interest payable was $-0-. The Company had no available funds on the revolving line of credit at March 31, 2009. This line of credit is secured by a UCC Financing statement signed by the Company in favor of the lender and by the personal guarantee of the Company’s Chief Executive Officer.

34. ~~Goodwill~~ Long-term notes payable

~~The Company~~As ~~acquired 100%~~ of March ~~Occupational Testing, Inc. (OTI) on October~~ 31, ~~2007 for~~2009 ~~$120,000 cash~~ and aDecember ~~$480,000 note payable bearing interest at 1% over New York floating prime. The note is payable in quarterly installments of $40,000 plus accrued interest beginning January~~ 31, 2008~~. The purchase of OTI resulted in $455~~,~~210~~ inthe ~~goodwill~~Company ashad annotes ~~asset~~payable ~~on the Company’s~~as ~~financial statements.~~follows:

4. Notes payable

	2009		2008
Note to A. Murphy, due in quarterly installments of $40,000 beginning January 31, 2008 and bears interest at 1% over New York floating prime	$	302,138	$	340,718

Less: current portion		160,000		160,000
	$	142,138	$	180,718

As of September 30, 2008 and December 31, 2007, the Company had outstanding notes payable as follows:

	2009		2008
Installment Loan to Frost Bank, due in monthly installments of $6,761.31 Beginning April 4, 2008 and bears interest at 4.25%	$	163,933	$	184,444

Less: current portion		81,136		81,136
	$	82,797	$	103,308

Bridge loan from Northamerican Energy Group, Inc., due on April 1, 2009 and bears interest at 1% per fifteen (15) day period or 24.33% per annum	$	260,000	$	280,000

Less: current portion		260,000		280,000
	$	-	$	-

Related Party Notes Payable:
Shareholders, due on demand, bearing interest at 1.71% per annum	$	-	$	100,985

Workplace Health, due on demand, bearing interest at 4.5% per annum		-		56,000
		-		156,985
Less: current portion		-		156,985
	$	-	$	-

	September 30, 2008	December 31, 2007
A . Murphy, due in quarterly installments of $40,000 beginning January 31, 2008 and bears interest at 1% over New York floating prime	$ 343,066	$ 480,000
Bank installment loan, payable in monthly installments of $7,482.43 at interest rate of 1% over prime interest	204,143	241,932
Note payable December 31, 2008 at 4% interest per annum	300,000
Bank line of credit due February 13, 2010 and bears interest at per annum interest rate of 1% over prime interest	300,000	-
	1,147,209	721,932
Less: current portion	520,327	401,932
Long term portion	$ 626,883	$ 320,000
Related Party Notes Payable:
Shareholders, due on demand, bearing interest at1.71% per annum	$ -	$ 100,985
Workplace Health, due on demand, bearing interest at 4.5% per annum	-	56,000
Total Related Party Notes Payable	-	156,985
Less: current portion	-	156,985
Long term portion	$ -	$ -

The A. Murphy note payable is secured by all of the outstanding stock and all of the assets of Occupational Testing, Inc. The related party notes payable are unsecured.

~~The bank loans are secured by the Company’s accounts receivable and by the personal guarantee of the Company’s Chief Executive Officer.~~12

~~Maturities~~4. ofLong-term notes payable ~~and~~– ~~long-term debt for each of the years succeeding December 31, 2007 are as follows:~~continued

Year ending December 31,
2008	$ 479,221
2009	257,988
2010	410,000
	$ 1,147,209

The bridge loan from Northamerican Energy Group, Inc. is secured by 1,753,333 shares of Labwire, Inc (LBWR) common stock which is held by a mutually agreed upon third party. Principal payments made on the loan will reduce the required collateralized stock in the amount of $.15 per share. Seizure of the collateral by Northamerican Energy Group, Inc. will constitute payment in full of the entire principal amount of the note.

Accrued interest on the Northamerican Energy Group, Inc. note has been paid through March 31, 2009.

Maturities of notes payable and long-term debt for each of the years succeeding December 31, 2008 are as follows:

Year ending December 31,
2009	$	501,136
2010		241,136
2011		42,890
	$	785,162

As of April 1, 2009, the Northamerican Energy Group, Inc. note remained outstanding and the lender exercised its right to seize the collateralized stock, thereby satisfying the loan in full.

Maturities of notes payable and long-term debt for each of the years succeeding December 31, 2008 based upon retirement of the Northamerican Energy Group, Inc. loan are as follows:

Year ending December 31,
2009	$	241,136
2010		241,136
2011		42,890
	$	525,162

5. Stockholders’ Equity

OnThe ~~September 19, 2008, the~~ Company ~~filed~~is ~~amended~~authorized ~~articles of incorporation with the Nevada Secretary of State~~ to ~~increase~~issue ~~its authorized shares from 150,000,000 to~~ 200,000,000 shares of common stock with a par value of $0.001 per share. The Company had 142,699,~~001~~000 and 140,399,000 shares issued and outstanding at ~~September~~December 3031, 2008 and ~~140,399,001~~ ~~issued and outstanding at~~ December 31, 2007, respectively.

~~During~~ In the year ~~second~~ended ~~quarter~~December of31, 2008, wethe ~~issued~~Company ansold ~~aggregate of 2~~100,~~200,~~000 shares ofin ~~our~~private ~~common~~placements ~~stock~~ to ~~our~~accredited ~~two~~investors ~~directors and other shareholders in exchange~~ for ~~the cancellation of promissory notes that we executed in favor of them in the aggregate principal and accrued interest amount of approximately~~ $~~181~~15,~~151. Because~~000 ~~the~~in ~~recipients’ status as directors of ours, the issuance of these shares is claimed to be exempt pursuant to Section 4(2) of the Securities Act of 1933 (the “Act”)~~cash.

~~During the~~In ~~first quarter of~~ June 2008, wethe ~~sold~~Company ~~100~~issued 2,200,000 shares ofin ~~our~~retirement ~~common stock to a single accredited investor at a per share price~~ of ~~$.15. This sale of common stock is claimed to be exempt pursuant to Rule 506 of Regulation D under~~ the ~~Act. No~~following ~~advertising or general solicitation was employed in~~related ~~offering~~party ~~these securities. The offering and sale were made only to an accredited investor, and subsequent transfers were restricted in accordance with the requirements of the Act.~~debt:

In the year ended December 31, 2006, the Company sold 4,177,670 shares in private placements to accredited investors for $307,205 in cash. This sale of common stock is claimed to be exempt pursuant to Rule 506 of Regulation D under the Act. No advertising or general solicitation was employed in offering these securities. The offering and sale were made only to an accredited investor, and subsequent transfers were restricted in accordance with the requirements of the Act.

J Maring Note (1.71% APR)	$	61,541
D Morris Note (1.71% APR)		50,889
Workplace Health Note (4.5% APR)		68,721

Total	$	181,151

6. Income Taxes

The Company provides for income taxes under Statement of Financial Accounting Standards No. 109, Accounting for Income Taxes. SFAS No. 109 requires the use of an asset and liability approach in accounting for income taxes. Deferred tax assets and liabilities are recorded based on the differences between the financial statement and tax bases of assets and liabilities and the tax rates in effect when these differences are expected to reverse. The Company’s predecessor operated as entity exempt from Federal and State income taxes.

SFAS No. 109 requires the reduction of deferred tax assets by a valuation allowance if, based on the weight of available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized.

6. Income Taxes – Continued

The Company has a timing difference between book and tax income since the Company has goodwill on the books from the purchase of Occupational Testing Inc. in the amount of $455,210 and goodwill written off the books for financial purposes from the Labwire, Inc. purchase of $476,933 which creates a timing difference for tax purposes. The temporary and permanent timing differences between tax and financial reporting is as follows:

The provision for income taxes differs from the amounts which would be provided by applying the statutory federal income tax rate of 39% to the net loss before provision for income taxes for the following reasons:

	Nine Months Ended September 30, 2008		Year Ended December 31, 2007
		Three Months Ended		Year Ended
Income tax expense at statutory rate	$ (54,330)		$ (134,806)
		March 31, 2009		December 31, 2008
Valuation allowance	54,330		134,806
Income tax expense at statutory rates		$	13,381	$	(69,288	)
Income tax expense per books	$ -		$ -
Valuation Allowance			-		69,288
Income tax expense per books		$	13,381	$	-

Net deferred tax assets consist of the following components as of:

	Nine Months Ended September 30, 2008		Year Ended December 31, 2007
		Three Month Ended			Year Ended
NOL carryover	$ 54,330		$ 181,740
		March 31, 2009			December 31, 2008
Valuation allowance	(54,330)		(181,740)
NOL Carryover		$	43,279		$	69,288
Net deferred tax asset	$ -		$ -
Valuation Allowance			(43,279	)		(69,288	)
Net deferred tax asset		$	-		$	-

At ~~December~~ March 31, ~~2007~~2009, the Company had total net operating losses carried forward of approximately $~~466~~325,~~000~~891 that may be offset against future taxable income through 2027. Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards are subject to annual limitations. Should a change in ownership occur, net operating loss carry forwards may be limited as to use in future years. No tax benefit has been reported in the ~~December~~March 31, ~~2007~~2009 financial statements since ~~the~~ the potential tax benefit is offset by a valuation allowance of the same amount.

In July 2006, the Financial Accounting Standards Board (“FASB”) issued Interpretation No. 48 regarding “Accounting for Uncertainty in Income Taxes,” an interpretation of FASB No. 109 (“FIN 48”), which defines the threshold for recognizing the benefits of tax-return positions in the financial statements as “more-likely-than-not” to be sustained by the taxing authorities. The Company has reviewed its tax positions for open tax years 2005 and later and the adoption of FIN 48 on January 1, 2007 did not result in establishing a contingent tax liability reserve nor a corresponding charge to retained earnings. Also, no such uncertainties were identified during 2007. The Company has substantial tax benefits derived from its operating loss carryforwards but has provided 100% valuation allowances against them due to uncertainties associated with the realization of those tax benefits.

~~The~~threshold ~~recognition~~for ~~and~~recognizing ~~measurement~~the benefits of ~~certain~~ tax-return ~~benefits~~positions ~~includes~~in ~~estimates~~the ~~and~~financial statements ~~judgment~~as by“more-likely-than-not” ~~management~~to ~~and~~be ~~inherently~~sustained ~~includes~~by ~~subjectivity~~the taxing authorities. ~~Changes~~The inCompany ~~estimates~~has ~~may~~reviewed ~~create~~its ~~volatility~~tax inpositions ~~the~~for ~~Company’s~~open ~~effective~~ tax ~~rate~~years in2005 ~~future~~and later and the ~~periods~~adoption ~~when~~of ~~new~~FIN ~~information~~48 ~~about~~on ~~particular~~January ~~tax~~1, ~~positions~~2007 ~~may~~did ~~cause~~not ~~management to~~result ~~change~~in ~~its~~establishing ~~estimates.~~a contingent Iftax ~~the~~liability ~~Company~~reserve ~~establishes~~nor a ~~contingent~~corresponding ~~tax~~charge ~~liability~~to retained ~~reserve~~earnings. Also, ~~interest~~no ~~and~~such ~~penalties~~uncertainties ~~related~~were toidentified ~~uncertain~~during 2007. The Company has substantial tax ~~positions~~benefits ~~would~~derived befrom its operating loss carryforwards but ~~classified~~has inprovided ~~general~~100% ~~and~~valuation ~~administrative~~allowances ~~expenses~~against them due to uncertainties associated with the realization of those tax benefits.

The recognition and measurement of certain tax benefits includes estimates and judgment by management and inherently includes subjectivity. Changes in estimates may create volatility in the Company’s effective tax rate in future periods from obtaining new information about particular tax positions that may cause management to change its estimates. If the Company would establish a contingent tax liability reserve, interest and penalties related to uncertain tax positions would be classified in general and administrative expenses.

7. Related Party Transactions

AtAs of ~~December~~March 31, ~~2007~~ 2009, these loans and advances, ~~from~~which ~~the Company’s~~bear ~~two directors bore~~ interest at 1.71% and ~~were~~are unsecured, ~~aggregated~~ ~~$156,985, plus~~have ~~accrued~~been ~~and~~converted ~~unpaid interest~~to ~~of $21~~2,~~690~~200,000 ~~are reflected in~~shares ~~“Loans and advances from related~~of ~~party” and “Accrued~~common ~~interest, related party” on the accompanying balance sheet~~stock. ~~These loans and accrued interest were retired during the quarter ended June 30, 2008.~~

Labwire (dba Labwire Security, Inc.) contracts with American K-9 Bomb Search, Inc., which is one-half owned by Labwire’s Chairman and Chief Executive Officer, to perform security services. Labwire Security, Inc. is fully licensed with the State of Texas. Labwire is paid a 5% commission for the K-9 security services that it refers to Labwire Security, Inc. The commissions received by the Company have been less than 1% of the Company’s gross revenues.14

8. Acquisitions

On October 31, 2007, the Company acquired Occupational Testing, Inc. The acquisition cost, funded from our existing cash balances and by the issuance of a promissory note to the shareholder of Occupational Testing, Inc., are shown by the following table which summarizes the purchase consideration and fair values of the assets acquired at the date of acquisition:

Purchase Price Consideration
Cash paid to the shareholder of Occupational Testing, Inc.	$	120,000
Promissory Note to the shareholder of Occupational Testing, Inc.		480,000
Acquisition costs		10,960
Total consideration paid	$	610,960

Net Assets Acquired
Cash and cash equivalents	$	42,711
Accounts receivable		105,063
Fixed assets		13,410
Other assets		780
Goodwill		455,210
Liabilities assumed		(6,214)
Total net assets	$	610,960

The Company has included the results of operations for Occupational Testing, Inc. in its financial statements since October 31, 2007.

9. Restatement of Financial Statements

The accompanying financial statements for the year ended December 31, 2008 have been restated to reflect the under accrual of collection expenses by $33,787.

Year ended December 31, 2008	Revised			Original
Consolidated Balance Sheet:
Accounts payable and accrued expenses	$	350,475		$	316,688

Total Liabilities	$	1,476,776		$	1,442,989

Accumulated Deficit	$	( 871,190)	)	$	(837,403)	)
Total Shareholders’ Equity	$	(57,817)		$	(24,030)

Consolidated Statement of Operations:
Cost of Sales	$	2,300,261		$	2,266,474
Net Profit	$	(228,393)	)	$	(194,606)	)

10. Subsequent Events

The bridge loan from Northamerican Energy Group, Inc. is secured by 1,753,333 shares of Labwire, Inc. common stock which is held by a mutually agreed upon third party. Per the promissory note executed on February 4, 2009 and dated January 1, 2009, seizure of the collateral by Northamerican Energy Group, Inc. constitutes payment in full of the entire principle amount of the note.

Accrued interest on the Northamerican Energy Group, Inc. note has been paid through March 31, 2009.

As of April 1, 2009 the Northamerican Energy Group, Inc. note remained outstanding and the lender exercised its right to seize the collateralized stock, thereby satisfying the $263,000 outstanding balance of the loan in full.

10. Subsequent Events - continued

As a result of the retirement of the Northamerican Energy Group, Inc. note on April 1, 2009. Maturities of notes payable and long-term debt for each of the years succeeding December 31, 2008 are as follows:

Year ending December 31,
2009	$	241,136
2010		241,136
2011		42,890
	$	525,162

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

~~Company~~The ~~Overview~~following discussion should be read in conjunction with our unaudited consolidated interim financial statements and related notes thereto included in this quarterly report and in our audited consolidated financial statements and Management's Discussion and Analysis of Financial Condition and Results of Operations ("MD&A") contained in our Form 10-K for the year ended December 31, 2008. Certain statements in the following MD&A are forward looking statements. Words such as "expects", "anticipates", "estimates" and similar expressions are intended to identify forward looking statements. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected.

~~Labwire,~~MATERIAL ~~Inc.~~CHANGES ~~was~~IN ~~incorporated~~FINANCIAL in 2004 as a Nevada corporation and is headquartered in Brookshire, Texas, close to metropolitan Houston. We are a leading provider of certain third party administrator (“TPA”) services. As a provider of TPA services, we administer certain programs for our clients, allowing them to outsource matters that they would prefer not to undertake in-house on their own. We act as a TPA with respect to the following three types of services:CONDITION

1.As ~~Drug testing and other employee screening – In connection with the provision~~ of March ~~these~~31, ~~services~~2009, weour ~~supervise~~cash ~~specimen collection~~ and ~~test~~cash ~~processing~~equivalents bywere ~~federally~~$64,007, ~~certified~~compared ~~labs.~~to We$186,144 at ~~also~~December ~~provide~~31, a2008. ~~medical~~This ~~review~~decrease ~~officer,~~was ~~who~~due ~~interprets~~to the ~~results~~timing of ~~the~~our ~~testing. Moreover~~collections, ~~unrelated~~as revenue tofrom ~~drug~~several ~~testing,~~accounts wewas ~~supervise~~collected ~~background~~in ~~screening~~the ~~and~~last ~~on-site~~quarter ~~testing,~~of ~~which~~2008 ~~includes~~rather than ~~audio~~the ~~and~~first ~~vision~~quarter ~~testing, general employee physicals, and metal testing~~ of ~~employees engaged in operations such as mining~~2009.

2.At December ~~Employee~~31, ~~training~~2008, ~~and~~our ~~online~~accounts ~~certification~~receivable –were In$480,295. ~~connection~~At ~~with~~March ~~the~~31, ~~provision~~2009, these ofaccounts ~~these~~were ~~services~~$754,191. Our weaccounts ~~have~~receivable ~~developed~~increased substantially ~~training~~due ~~and education programs~~ to ~~enable~~additional ~~clients~~accounts tocoming ~~comply with certain government regulations~~online. ~~Currently,~~This ~~some~~increase ofwas expected ~~these~~as ~~programs~~we ~~deal~~believed ~~with~~that ~~Department~~our ofnew ~~Transportation~~accounts ~~regulations,~~(and ~~while~~one ~~others~~returning ~~deal~~customer) ~~with~~would begin ~~Federal Trade Commission regulations. We plan~~ to ~~broaden~~produce ~~our~~revenue ~~offering~~for ofus ~~these~~at ~~programs in~~ the ~~future,~~beginning asof wethis ~~are able~~year.

3.Our working ~~Security~~capital –deficit Inat ~~connection~~March ~~with~~31, ~~the~~2009 ~~provision~~was of$512,059 ~~these~~compared ~~services~~to $202,976 weat March ~~provide~~31, ~~K-9~~2008. ~~dog~~The ~~teams~~Company believes that ~~search~~the ~~for~~current ~~bombs~~cash orflow ~~drugs,~~and ~~supervise~~planned increase ~~on-site~~in ~~physical~~operations ~~security~~are ~~teams,~~adequate ~~and~~to ~~undertake~~satisfy ~~some~~the ~~surveillance~~working ~~work~~capital deficit.

WeFor the ~~operate~~three ~~through~~months ~~two~~ended ~~wholly-owned~~March ~~subsidiaries~~31, ~~Workplace Screening Services~~2009, ~~Inc.~~ ~~and~~cash ~~Occupational~~used ~~Testing,~~in ~~Inc. We~~operating ~~have~~activities ~~developed~~was ~~the Labwire™ Platform~~$9, ~~an innovative~~063, compared ~~proprietary~~to ~~Web-based~~cash ~~application~~used ~~that~~by ~~(a)~~operating ~~streamlines the~~activities ~~complex~~of ~~regulatory~~$79,906 ~~and~~for ~~record~~the ~~management~~three ~~activities~~months ended ~~associated~~March ~~with our drug testing~~31, ~~and~~2008. ~~(b)~~This ~~offers~~substantial ~~our~~change ~~employee~~in ~~training~~cash ~~and~~flow ~~online~~used ~~certification~~in operating ~~programs. This~~activities ~~application~~was ~~figures~~mainly ~~prominently~~due ~~into~~to ~~our~~net ~~business strategy. Moreover,~~income ~~our~~increasing ~~management~~$20,331, ~~team~~and ~~has~~an ~~extensive~~increase ~~experience~~of $37,684 in ~~our~~ ~~business~~income ~~and~~taxes ~~industry~~payable.

~~We became~~RESULTS aOF ~~reporting company with the U.S. Securities and Exchange Commission (the “Commission”) when our General Form for Registration of Securities on Form 10 became effective on or about April 14, 2008.~~ OPERATIONS

~~There can~~Our berevenues noin ~~assurance~~the ~~that~~quarter weended ~~will~~March be31, ~~successful~~2009 in($1,223,003) ~~our~~increased ~~business. Our~~over 41% ~~business~~from ~~involves~~the ~~numerous~~quarter ~~risks,~~ended ~~the~~March ~~principal~~31, ~~ones~~2008 of($864,997). ~~which~~This ~~are~~increase ~~described~~ in revenue was ~~the~~due ~~section~~to ~~captioned~~several ~~“Risk~~new ~~Factors”~~accounts ~~in our~~that ~~General~~the ~~Form~~Company ~~for~~obtained last year. As expected, ~~Registration~~the ofrevenues ~~Securities~~from onthese ~~Form~~accounts 10began to show up in the first quarter.

~~Listed~~Our ~~below~~margins ~~are~~on ~~key~~these ~~company~~revenues ~~events~~declined ~~that~~somewhat ~~occurred~~year-over-year, however. At March 31, 2008, our operating margin (gross profit divided by revenues) was 46.5%. At March 31, 2009, our margin had decreased to 42.6%. The reason for this decrease was greater volume in ~~the~~our ~~third~~security ~~quarter~~business of(K-9), which only has a 5% ~~2008:~~margin.

*Our operating Weexpenses ~~signed~~increased anover ~~alliance~~15% ~~agreement~~from ~~with~~March ~~Global~~31, ~~Services~~2008 to ~~provide~~March ~~compliance~~31, ~~management~~2009. The main contributor to this increase was general and ~~specimen~~administrative ~~collections~~expenses, onwhich increased anfrom ~~international~~$163,827 ~~basis~~at March 31, 2008 to $239,480 at March 31, 2009. Our bad debt expense also increased substantially from $520 at March 31, 2009 to $17,514 at March 31, 2009. This increase in bad debt expense is due to several accounts that pay slow; in accordance with the Company’s accounting policies, accounts receivable more than 90 days old are fully reserved as bad debt expense.

*Despite the Weoverall ~~completed~~increase in expenses, the ~~billing~~Company ~~interface~~was ~~with~~still ~~USIS~~able ~~and~~to ~~are~~post ~~now~~an operating inprofit ~~position~~of $53,471 this quarter, as opposed to ~~increase~~a ~~business~~loss ~~through~~of ~~our~~$5,695 ~~alliance~~in ~~with~~the quarter ~~that~~ended ~~company~~March 31, 2008.

*ITEM 3. WeQUANTITATIVE ~~again~~AND ~~successfully~~QUALITATIVE ~~participated~~DISCLOSURES inABOUT ~~the~~MARKET ~~hurricane security taskforce for Norco, Louisiana and Port Arthur, Texas refining facilities.~~RISK

~~The following~~As ~~discussion and analysis of our financial condition and results of~~a ~~operations~~smaller ~~should~~reporting becompany, ~~read~~we inare ~~conjunction~~not ~~with~~required ~~our consolidated financial statements and related notes included elsewhere in this Report. In addition~~ to ~~historical~~ ~~information,~~provide the ~~discussion in this Report contains forward-looking~~information ~~statements~~required ~~that involve risks and uncertainties. Actual results could differ materially from those anticipated~~ by ~~these forward-looking statements due to factors including, but not limited to, those factors set forth elsewhere in~~ this ~~Report~~ ~~and in the section captioned “RISK FACTORS” in our General Form for Registration of Securities on Form 10~~Item.

~~Results of Operations~~16

Quarter Ended September 30, 2008 Compared to the Quarter Ended September 30, 2007

The following table sets forth certain operating information (unaudited) regarding the Company for the three-month periods ended September 30, 2008 and 2007:

	Three Months Ended September 30
	2008	2007
	(unaudited)	(unaudited)
Revenues	$ 1,292,472	$ 1,352,671
Cost of operations	$ 747,665	$ 927,084
Gross Profit	$ 544,807	$ 425,587
Operating expenses	$ 382,937	$ 252,980
Net income	$ 117,796	$ 159,962
Net income per share	$ 0.00	$ 0.00

Revenues

Revenues for the three-month periods ended September 30, 2008 and 2007 were $1,292,472 and $1,352,671, respectively. The decrease in revenues is principally due to the inclusion in third quarter 2007 revenues of approximately $208,000 in collections on accounts previously written off. Adjusted for this $208,000 in revenues, third quarter 2008 revenues increased over third quarter 2007 revenues, primarily because of revenues from our Wyoming operations acquired during the fourth quarter of 2007. This increase is despite the expiration of a particular client’s account agreement amounting to approximately $400,000 per quarter. We are currently in negotiations to resume services to this client, and we anticipate that revenues from this client may resume in some amount in the first quarter of 2009.

Operating Expenses

Operating expenses for the three-month periods ended September 30, 2008 and 2007 were $382,937 and $252,980, respectively. The $129,957 increase was primarily due to a $54,601 increase in our payroll expense, $18,548 in computer expenses relative to the development of our proprietary software, $10,568 in amortization of capitalized software development costs, and a $14,495 increase in professional fees and the continued development of its infrastructure to prepare for increased business.

Operating Income

Our operating income for the three-month period ended September 30, 2008 was $161,870 compared to an operating income of $172,607 for the three-month period ended September 30, 2007. Our operating income changed little between the two periods, with decreased revenues that were more than offset by a decrease in cost of sales but with an increase in operating expenses.

Nine-month Period Ended September 30, 2008 Compared to the Nine-month Period Ended September 30, 2007

The following table sets forth certain operating information (unaudited) regarding the Company for the nine-month periods ended September 30, 2008 and 2007:

	Nine Months Ended September 30
	2008	2007
	(unaudited)	(unaudited)
Revenues	$ 3,168,726	$ 3,529,956
Cost of operations	$ 1,707,178	$ 2,285,302
Gross Profit	$ 1,461,548	$ 1,244,654
Operating expenses	$ 1,221,616	$ 849,246
Net income	$ 145,367	$ 338,125
Net income per share	$ 0.00	$ 0.00

Revenues

Revenues for the nine-month periods ended September 30, 2008 and 2007 were $3,168,726 and $3,529,956, respectively. The decrease in revenues is principally due to the inclusion in third quarter 2007 revenues of approximately $208,000 in collections on accounts previously written off and the expiration of a particular client’s account agreement amounting to approximately $400,000 per quarter. The magnitude of the loss in revenues from this account was partially offset in the third quarter 2008 by an increase in revenues from our Wyoming operations acquired during the fourth quarter of 2007. We are currently in negotiations to resume services to this client, and we anticipate that revenues from this client may resume in some amount in the first quarter of 2009.

Operating Expenses

Operating expenses for the nine-month periods ended September 30, 2008 and 2007 were $1,221,616 and $849,246, respectively. The $372,370 increase was primarily due an increase of $230,407 in the Company’s payroll expense primarily as the result of the addition our Wyoming operations, a $24,566 increase in contract labor, a $18,956 increase in professional fees, a $24,871 increase in office supplies, a $30,586 increase in the amortization of capitalized software development and a $18,630 increase in postage and delivery expenses.

Operating Income

Our operating income for the nine-month period ended September 30, 2008 was $239,932 compared to an operating income of $395,408 for the nine-month period ended September 30, 2007. The $155,476 decrease in operating income in the 2008 period compared to the 2007 period is attributed primarily to the approximately $208,000 in collections on accounts previously written off and collected during the nine-months ended September 30, 2007 and the expiration of a particular client’s account agreement amounting to approximately $400,000 per quarter. Adjusted for this $208,000 in revenues, we would have experienced an approximately $75,000 increase in 2008, primarily because of revenues from our Wyoming operations acquired during the fourth quarter of 2007, despite the expiration of the aforementioned account agreement. We are currently in negotiations to resume services to this client, and we anticipate that revenues from this client may resume in some amount in the first quarter of 2009.

Liquidity and Capital Resources

From inception until the third quarter of 2007, our primary sources of capital were proceeds from private placements of our common stock, loans from shareholders and bank lines of credit. We began to experience positive cash flow in the third quarter of 2007, which has allowed us to provide our own operating capital for our operations and reduced the need to access outside capital sources to support current operations. We currently require approximately $130,000 per month to fund our recurring operations. This amount would likely increase if we expand our sales and marketing efforts and continue to develop new products and services as are our plans. Our cash needs are primarily attributable to funding sales and marketing efforts, strengthening technical and helpdesk support, expanding our development capabilities, and building administrative infrastructure, including costs and professional fees associated with being a public company. We intend to meet our immediate capital needs from cash flow provided from operations. We believe that we have sufficient funding to cover our cash needs for the next 12 months, although there can be no assurance in this regard.

As of September 30, 2008, we had cash and cash equivalents of $77,485. The largest uses of our funds are funding general and administrative expenses and salaries and related expenses. As of September 30, 2008, we had total current liabilities of $961,488 and total current assets of $1,125,094, with our current assets exceeding our current liabilities by $163,606.

Net cash used by operating activities was $458,461 for the nine months ended September 30, 2008, compared to net cash provided by operating activities of $73,154 for the nine months ended September 30, 2007. The increase in cash used by operating activities in comparing the nine months ended September 30, 2008 to the nine months ended September 30, 2007 can be attributed primarily to 2008 having a net loss of $96,565 compared to 2007 having a net income of $338,125.

We have two outstanding loans with Frost National Bank (“Frost”). On February 13, 2007, we established a $300,000 revolving line of credit with Frost that was originally scheduled to mature on February 13, 2008. However, on or about March 4, 2008, we converted this revolving line of credit into a term note with an original principal amount of approximately $241,932. This term note is due and payable in 36 level monthly payments. The interest rate on the outstanding balance of this term note is a floating rate of prime plus 1%. This term note is secured by out accounts receivable. The outstanding principal balance on this term note as of September 30, 2008 was $204,143.

On or about March 4, 2008, we established a new $300,000 revolving line of credit with Frost that is scheduled to mature on February 13, 2010, at which time a balloon payment comprised of all outstanding principal and accrued interest must be paid. The interest rate on the outstanding balance of the revolving line of credit is a floating rate of prime plus 1%, and a payment of all accrued interest is due monthly throughout the term of the line of credit. This revolving line of credit is secured by out accounts receivable. The outstanding principal balance on this line of credit as of September 30, 2008 was $300,000.

As of September 30, 2008, we also had a $434,355 promissory note outstanding and payable at a floating rate of interest of prime plus 1%. The note is related to the purchase of Occupational Testing, Inc.

As of September 30, 2008, we also had a $300,000 promissory note outstanding and payable at an interest rate of 4% per annum and payable on December 31, 2008.

The long-term success of our operations depends on our ability to (1) increase the deployment of our Labwire™ Platform, (2) significantly increase our services revenue through the deployment of the Labwire™ Platform, both through increases in drug and alcohol testing, and usage of employee training and online certification programs, and (3) increase our revenues from K-9 security services. We intend to raise additional capital through an offering of our Common Stock or other securities to provide additional working capital to fund the expansion of operations through acquisitions and the addition of new clients through marketing efforts and joint ventures with other service organizations. We intend to seek up to approximately $2.0 million in capital in the near future in this connection. The exact amount of funds raised, if any, will determine how aggressively we can grow and what additional projects we will be able to undertake. Assuming that we are able to raise the $2.0 million in new capital, we currently anticipate spending approximately $250,000 in marketing and sales in its efforts to sign new clients and seek additional alliances. No assurance can be given that we will be able to raise additional capital, when needed or at all, or that such capital, if available, will be on terms acceptable to us. If adequate funds are not available on acceptable terms, our business, results of operations and financial condition could be materially adversely affected. In a worst-case scenario, we would have to scale back or cease operations, and we might not be able to remain a viable entity.

In addition common stock may also be issued for conversion or settlement of debt and/or payables for equity, future obligations which may be satisfied by the issuance of common shares, and other transactions and agreements which may in the future result in the issuance of additional common shares. The common shares that we may issue in the future could significantly increase the number of shares outstanding and could be extremely dilutive.

Contractual Obligations

Future payments due on our contractual obligations as of September 30, 2008 are as follows:

	Total	2008	2009-2010	2010-2012	Thereafter
Operating lease	$ 22,600	$ 22,600	$ -	$ -	$ -
Notes payable	882,440	376,950	235,552	235,552	34,386
Line of credit	300,000	-	300,000	-	-
Total	$ 1,205,040	$ 399,550	$ 535,552	$ 235,552	$ 34,386

Critical Accounting Policies and Estimates

Our discussion of our financial condition and results of operations is based on the information reported in our financial statements. The preparation of our financial statements requires us to make assumptions and estimates that affect the reported amounts of assets, liabilities, revenues and expenses as well as the disclosure of contingent assets and liabilities as of the date of our financial statements. We base our assumptions and estimates on historical experience and other sources that we believe to be reasonable at the time. Actual results may vary from our estimates due to changes in circumstances, weather, politics, global economics, mechanical problems, general business conditions and other factors. Our significant accounting policies are detailed in Note 1 to our financial statements included in this Quarterly Report. We have outlined below certain of these policies that have particular importance to the reporting of our financial condition and results of operations and that require the application of significant judgment by our management.

Impairment of Long-Lived Assets

We review long-lived assets, such as property and equipment, and purchased intangibles subject to amortization, for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable, in accordance with Statement of financial Accounting Standards (“SFAS”) No. 144, Accounting for the Impairment for Disposal of Long-Lived Assets. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated future cash flows, impairment charge is recognized by the amount of the asset exceeds the fair value of the asset.

Fair Value of Financial Instruments

Management believes that the carrying amounts of our financial instruments, including cash and cash equivalents, accounts receivable, accounts payable, and accrued liabilities approximate fair value due to the short-term nature of these instruments. The carrying amount of our long-term debt also approximates fair value, based on market quote values (where applicable) or discounted cash flow analyses.

Income Taxes

We account for income taxes under SFAS No. 109, which requires the asset and liability approach to accounting for income taxes. Under this method, deferred tax assets and liabilities are measured based on differences between financial reporting and tax bases of assets and liabilities measured using enacted tax rates and laws that are expected to be in effect when differences are expected to reverse. Valuation allowances are established when it is necessary to reduce deferred income tax assets to the amount, if any, expected to be realized in future years.

Net earnings (loss) per share

Basic and diluted net loss per share information is presented under the requirements of SFAS No. 128, Earnings per Share. Basic net loss per share is computed by dividing net loss by the weighted average number of shares of Common Stock outstanding for the period, less shares subject to repurchase. Diluted net loss per share reflects the potential dilution of securities by adding other common stock equivalents, including stock options, shares subject to repurchase, warrants and convertible notes in the weighted-average number of common shares outstanding for a period, if dilutive. All potentially dilutive securities have been excluded from the computation, as their effect is anti-dilutive.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities and disclosures at the date of the financial statements and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from those estimates.

Revenue recognition

We have three main sources of revenue: drug testing and related services, training and online certification, and security services provided by an allied company. Drug testing: we fulfill orders for drug testing services, wherein we are responsible for the performance and data maintenance related to employee drug testing for its clients. We do not perform the drug tests, but we fulfill the order through our network of third party labs and other drug testing facilities. Revenue is recognized when the drug testing has been completed by the lab and the customer has been invoiced for the services. We have low bad debt levels because our policy is to deal with large well-positioned firms that pay monthly. Because we track these company’s activities daily, we are constantly aware of our position and therefore can demand and receive timely payments as we provide on-going compliance services. Pursuant to EITF 99-19, we are responsible for fulfilling a customer’s order, including whether the service is acceptable and therefore bears the risks and rewards of principal. As such, we have elected to record the gross amounts of the contracts. Our service agreements rarely include multiple parts that would have a material impact on the recognition of revenue. As such, we have created our revenue recognition policies pursuant to EITF 00-21.

Security services provided by us through an allied company: the process is handled in similar fashion to that described above for drug testing.

Allowance for Uncollectible Receivables

The allowance for all probable uncollectible receivables is based on a combination of historical data, cash payment trends, specific customer issues, write-off trends, general economic conditions and other factors. These factors are continuously monitored by management to arrive at an estimate for the amount of accounts receivable that may ultimately be uncollectible. In circumstances where we are aware of a specific customer’s inability to meet its financial obligations, we record a specific allowance for bad debts against amounts due to reduce the net recognized receivable to the amount it reasonably believes will be collected. This analysis requires making significant estimates, and changes in facts and circumstances could result in material changes in the allowance for uncollectible receivables.

Software Development Costs

During the period, we began developing a software platform for certain exclusively internal purposes. We follow the guidance set forth in Statement of Position 98-1, Accounting for the Cost of Computer Software Developed or Obtained for Internal Use (SOP 98-1), in accounting for costs incurred in the development of its on-demand application suite. SOP 98-1 requires companies to capitalize qualifying computer software costs that are incurred during the application development stage and amortize them over the software’s estimated useful life.

We capitalize costs associated with developing software for internal use, which costs primarily include salaries of developers. Direct costs incurred in the development of software are capitalized once the preliminary project stage is completed, management has committed to funding the project and completion, and use of the software for its intended purpose are probable. We cease capitalization of development costs once the software has been substantially completed at the date of conversion and is ready for its intended use. The estimation of useful lives requires a significant amount of judgment related to matters, specifically, future changes in technology. We believe no events or circumstances warrant revised estimates of useful lives of the software.

Purchase Accounting

We completed acquisitions in 2004 and the fourth quarter of 2007. The purchase method of accounting requires companies to assign values to assets and liabilities acquired based upon their fair values. In most instances, there is not a readily defined or listed market price for individual assets and liabilities acquired in connection with a business, including intangible assets. The determination of fair value for assets and liabilities in many instances requires a high degree of estimation. The valuation of intangibles assets, in particular, is very subjective. We generally use internal cash flow models and, in certain instances, third party valuations in estimating fair values. The use of different valuation techniques and assumptions can change the amounts and useful lives assigned to the assets and liabilities acquired, including goodwill and other intangible assets and related amortization expense.

Intangible Assets

Intangible assets with estimable useful lives are amortized over respective estimated useful lives, and reviewed for impairment in accordance with FASB Statement No. 142, Goodwill and Other Intangible Assets.

Recent Accounting Pronouncements

In September 2006, the FASB issued FASB Statement 157 “Fair Value Measurements” (“SFAS No. 157”) that defines and measures fair value and expands disclosures about fair value measurements. The statement emphasizes that fair value is a market-based measurement and not an entity-specific measurement. The provisions of SFAS No. 157 are effective for fiscal years beginning after November 15, 2007.

In February 2007, the FASB issued SFAS No. 159, The Fair Value Option for Financial Assets and Financial Liabilities, which permits entities to choose to measure many financial instruments and certain other items at fair value. The objective is to improve financial reporting by providing entities with the opportunity to mitigate volatility in reported earnings caused by measuring related assets and liabilities differently without having to apply complex hedge accounting provisions. SFAS No. 159 applies to all entities and is effective for fiscal years beginning after November 15, 2007.

We do not expect the adoption of any other recently issued accounting pronouncements to have a significant impact on their consolidated financial position, results of operations or cash flow.

Off Balance Sheet Arrangements

We have no off balance sheet arrangements.

ITEM 4T. CONTROLS AND PROCEDURES

Evaluation of disclosure controls and procedures. We carried out an evaluation, under the supervision and with the participation of ~~Disclosure~~our ~~Controls~~management, including our principal executive officer and ~~Procedures~~principal financial officer, of the effectiveness of our disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)). Based upon that evaluation, our principal executive officer and principal financial officer concluded that, as of the end of the period covered in this report, our disclosure controls and procedures were effective ensuring that information required to be disclosed in reports filed under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the required time periods and is accumulated and communicated to our management, including our principal executive officer and principal financial officer, as appropriate to allow timely decisions regarding required disclosure.

Our management, ~~Principal~~including ~~Executive~~our ~~Officer~~principal executive officer and ~~Principal~~ ~~Financial~~principal ~~Officer~~financial officer, ~~after~~does ~~evaluating~~not ~~the~~expect ~~effectiveness~~that of our disclosure controls and procedures ~~(as~~or ~~defined~~our internal incontrols ~~Rule~~will ~~13a-15(e)~~prevent ~~and~~all ~~15d-15(e) under~~error ~~the~~or ~~Exchange~~fraud. A ~~Act)~~control assystem, no ofmatter ~~the~~how ~~end~~well ofconceived ~~the~~and ~~period~~operated, ~~covered~~can byprovide ~~this~~only ~~report~~reasonable, ~~have~~not ~~concluded that~~absolute, ~~based~~assurance onthat the ~~evaluation~~objectives of ~~these~~the ~~controls~~control ~~and~~system ~~procedures~~are met. Further, ~~that our~~the ~~disclosure~~design ~~controls~~of ~~and~~a ~~procedures~~control ~~were~~system ~~not~~must ~~effective~~reflect ~~due to~~ the ~~lack of~~fact ~~segregation~~that ofthere ~~duties~~are inresource ~~financial~~constraints ~~reporting,~~and asthe ~~our~~benefits ~~accounting~~of ~~functions~~controls ~~are~~must be ~~performed~~considered byrelative ~~one~~to ~~person~~their ~~with~~costs. Due noto ~~internal~~the ~~review,~~inherent ~~as our company does not have an~~limitations ~~audit~~in ~~committee.~~all ~~This~~control issystems, ~~due~~no toevaluation ~~our lack~~ of ~~working~~controls ~~capital~~can toprovide ~~hire~~absolute ~~additional~~assurance ~~staff.~~that Toall ~~remedy~~control ~~this,~~issues weand ~~intend~~instances toof ~~engage~~fraud, ~~another~~if ~~accountant~~any, tohave ~~assist with~~been ~~financial reporting as soon as our finances will allow~~detected.

~~Change~~Changes in internal controls. There have not been any changes in ~~Internal~~our ~~Controls~~internal ~~Over~~control ~~Financial~~over ~~Reporting~~financial reporting that occurred during the last quarter ended March 31, 2009 that has materially affect or is reasonably likely to materially affect internal control over financial reporting.

~~There have not been any changes in our~~PART predecessors’ internal controls over financial reporting that occurred during the quarterly period ended September 30, 2008 that has materially affected, or is reasonably likely to materially affect, our internal controls over financial reporting.II

PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

~~We are not now a party to any legal proceeding requiring disclosure in accordance with the rules of the U~~None.S. Securities and Exchange Commission. In the future, we may become involved in various legal proceedings from time to time, either as a plaintiff or as a defendant, and either in or outside the normal course of business. We are not now in a position to determine when (if ever) such a legal proceeding may arise. If we ever become involved in such a legal proceeding, our financial condition, operations, or cash flows could be materially and adversely affected, depending on the facts and circumstances relating to such proceeding.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

On February 4, 2009, the Company issued 1,753,333 shares of its common stock as collateral for a promissory note in the principal amount of $263,000. This issuance was made in reliance upon the exemption provided by Section 4(2) of the Securities Act.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

None.

ITEM 5. OTHER INFORMATION

None.

ITEM 6. EXHIBITS

(a) The following exhibits are filed with this Quarterly Report or are incorporated herein by reference:

3.1*	Articles of Incorporation of Labwire, Inc. (as amended September 19, 2008)
3.2*	Nevada Secretary of State Certificate
3.3*	By-Laws of Labwire, Inc.
10.1*	Agreement and Promissory Note for Purchase of Occupational Testing, Inc.
10.2*	Alliance Agreement with USIS Commercial Services, Inc.
10.3*	Master Service Agreement with Laboratory Corporation of America Holdings
10.5*	Agreement with Connex North America, Inc. (now Veolia) for services
10.6*	Agreement with ARAMARK Management Services for services
10.7*	Agreement with Greyhound Lines, Inc. for Services
10.8*	Agreement with Boeing for Services
10.9*	Lease Agreement with FM358 LTD for office space in Brookshire, Texas
10.10*	Lease Agreement with Michael and Christina Geis for office space in Wyoming
10.13**	Services Agreement with Evergreen International Aviation, Inc.
10.14*	Agreement with American K-9 Bomb Search, Inc.
10.15*	Purchase Order From Lockheed for Services
10.16*	Agreement with Shell Chemical for Services
10.17*	US Patent and Trademark Office Notice on Trademark Registration
10.18*	Loan Agreement with Frost Bank for $300,000 due February 13, 2010

Exhibit Number	Description
31.1	Certification pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934.
31.2	Certification pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934.
32.1	Certification Pursuant to 18 U.S.C. Section 1350, as pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2	Certification Pursuant to 18 U.S.C. Section 1350, as pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

10.19*	Loan Agreement with Frost Bank for $241,932 due March 4, 2011
10.20*	Security Agreement for Frost Bank $300,000 Loan
10.21*	Security Agreement for Frost Bank $241,932 Loan
14.1*	Code of Ethics
21.1*	Subsidiaries of Registrant
31.1	Certification of Chief Executive Officer Pursuant to Rule 15d-14(a) of the Exchange Act
31.2	Certification of Chief Financial Officer Pursuant to Rule 15d-14(a) of the Exchange Act
32.1	Certification of Chief Executive Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and 18 U.S.C. Section 1350.
32.2	Certification of Chief Financial Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and 18 U.S.C. Section 1350.

* Incorporated by reference from our Form 10-12G/A filed on December 23, 2008.

** Incorporated by reference from our Form 8-K filed on February 26, 2009.

SIGNATURES

InPursuant ~~accordance~~to ~~with~~ the requirements of section 13 or 15(d) of the Securities Exchange Act of 1934, the ~~Registrant~~undersigned has duly caused this ~~Report~~Form 10-Q to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Brookshire, Texas, on August 12, 2009.

	LABWIRE, INC.
	(Registrant)
Date: December 23, 2008	By:	/s/ G. Dexter Morris
		G. Dexter Morris,
		Chief Executive Officer
		(Principal Executive Officer, Principal Financial Officer)

LABWIRE, INC.

By: /s/ G. Dexter Morris
G. Dexter Morris
Chief Executive Officer, Chief Financial Officer, and Director

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