Labwire Announces Corporate Updates and Strategic Initiatives for 2023 Year-End and 2024 Outlook
FOR IMMEDIATE RELEASE
Labwire Announces Corporate Updates and Strategic Initiatives for 2023 Year-End and 2024 Outlook
PHOENIX, Arizona, December 28th, 2023 (OTC Markets) - Labwire, Inc. (OTC: LBWR), a forward-thinking player in the digital marketing landscape, is pleased to share significant corporate updates and strategic initiatives as the company approaches the close of the fiscal year 2023 and sets the stage for an ambitious 2024.
Super 99 Center Performance
Super 99 Center, a flagship retail entity under Labwire, is poised to close the year 2023 with approximately $1,600,000 in net sales, excluding ancillary incomes such as lottery sales, which generated an additional $150,000. The company plans to continue its expansion strategy, identifying lucrative opportunities with favorable lease terms for additional locations.
A groundbreaking model underpinning Super 99 Center's expansion is the projection that each $200,000 investment will yield $500,000 in sales within the first year, breaking even within a swift 18-month timeframe.
Call Affiliate Subsidiary
Labwire's recent acquisition of Call Affiliate, a pay-per-call affiliate marketing powerhouse, has proven to be a strategic triumph. The subsidiary, established in Q4, has already commenced revenue generation in December, operating across various verticals.
The scalability of Call Affiliate is noteworthy, as it requires minimal capital expenditure. The subsidiary has strategically aligned itself with brand companies in the consumer services and products sector, collaborating directly with them to drive lead generation and revenue growth.
The incorporation of both SEO efforts and organic traffic into the marketing strategy positions Call Affiliate for sustained success in its lead generation endeavors.
Parent Level Corporate Action
In anticipation of an expected decrease in the federal interest rate in early to mid-next year, Labwire has deliberately postponed capital financing to explore more favorable options. Since the acquisition of Super 99 Center earlier this year, Labwire has refrained from issuing additional stock, maintaining a total share outstanding at 179 million shares.
Imperium Partners, under the control of CEO Shin Hwang, has been instrumental in funding the company's operating expenses and is poised to continue supporting Labwire in the coming year. As of yesterday, December 27, 2023, the market capitalization is less than $1,000,000, significantly below the intrinsic value of the company.
Current R&D/IP Development
Labwire is gearing up for the launch of ABCCaller.com ("ABC" for "Always Be Closing"), an innovative platform designed to enhance the efficiency of Call Affiliate. Labwire is in discussions with renowned R&D labs specializing in generative AI to integrate cutting-edge technology that provides human-like conversational responses 24/7.
The implementation of this technology aims to address the rising costs associated with human resources, particularly due to increased minimum wages. Labwire sees immense potential in improving revenue growth for Call Affiliate clients through enhanced lead generation and optimizing operating margins due to advanced customer support tasks.
Shin Hwang, President & CEO of Labwire, Inc., expressed his confidence in the company's strategic direction, stating, "Throughout 2023, Labwire has added many valuable assets to become a sustainable venture, and there is no doubt that our efforts, along with consistent support from shareholders, have been critical building blocks." Hwang added, "Recently, many companies have been developing amazing technology, and while adaptation remains challenging, Labwire utilizes technology to expedite business development to the revenue-generating stage."
On behalf of the Labwire team, Hwang extended wishes for a healthy and prosperous 2024, expressing gratitude for the ongoing support and creative ideas shared by shareholders. Labwire remains committed to innovation, growth, and delivering value to all stakeholders.
About Labwire
Labwire (https://www.labwire.co) is an early-stage specialty retailer committed to revolutionizing the discount retail industry through innovation and cutting-edge technology. With a strong focus on rebranding, financing, and operational efficiencies, Labwire is poised to redefine the retail landscape. Labwire's flagship brand, Super 99 Centers, offers customers an exceptional shopping experience with a wide range of high-quality products at unbeatable prices.
For more information, please contact:
Media Relations
Labwire, Inc.
Phone: 1 (928) 719-7747
Email: [email protected]
Website: https://www.labwire.co
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and any such forward-looking statements. Except for historical information, statements about future volumes, sales, growth, costs, cost savings, margins, earnings, earnings per share, diluted earnings per share, cash flows, plans, objectives, expectations, growth or profitability are forward-looking statements based on management's estimates, beliefs, assumptions and projections. Words such as "could," "may," "expects," "anticipates," "will," "targets," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," "predicts," and variations on such words, and similar expressions that reflect our current views with respect to future events and operational, economic and financial performance, are intended to identify such forward-looking statements. These forward-looking statements are only predictions, subject to risks and uncertainties, and actual results could differ materially from those discussed. Important factors that could affect performance and cause results to differ materially from management's expectations or could affect the company's ability to achieve its strategic goals.
The company's forward-looking statements in this press release are based on management's current views, beliefs, assumptions and expectations regarding future events and speak only as of the date of this release. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by the federal securities laws.