PRESS RELEASE
Labwire Announces SEC Approval for Regulation A+ Offering, Driving Expansion of Super 99 Centers
FOR IMMEDIATE RELEASE
(PHOENIX, Arizona, June 30th, 2023) Labwire (OTC: LBWR), a pioneering specialty retailer, is delighted to announce the official approval from the U.S. Security Exchange Commission (SEC) to launch its Regulation A+ offering. This milestone achievement signifies Labwire’s strategic path toward expanding its renowned Super 99 Centers brand nationwide.
Labwire’s Regulation A+ offering presents an unprecedented opportunity for both accredited and non-accredited investors to participate as stakeholders in the company. As a technology-driven specialty retailer, Labwire leverages its expertise in rebranding, financing, and operational efficiencies to build successful enterprises.
The funds raised through this offering will play a crucial role in cultivating a distinctive business model within the discount retail industry, fueled by the expansion of Super 99 Centers and DollarPoly, Labwire’s established retail store and e-commerce platform.
“We are delighted to have received SEC approval for our Regulation A+ offering,” stated Mr. Shin Hwang, President & CEO of Labwire. “This momentous occasion represents a significant stride for Labwire and our esteemed Super 99 Centers brand. We eagerly anticipate welcoming investors on board and extending our footprint within the discount retail industry.”
Labwire aims to raise up to $18 million from the general public and accredited investors through its Regulation A+ capital offering. These funds will be allocated toward expanding its physical storefronts and finalizing the development of an integrated online network platform, connecting all locations with efficient delivery networks. Labwire firmly believes that this presents an exceptional opportunity for investors to join in the growth and prosperity of the company.
The issuance of common stock will be conducted through an offering statement on Form 1-A (File No. 024-12230) filed by the Company with the U.S. Securities and Exchange Commission (the “SEC”) and has been approved by the SEC on June 29, 2023.
Interested parties may obtain a complimentary copy of the offering circular by accessing the SEC website at www.sec.gov and visiting the EDGAR section.
About Labwire
Labwire 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
Phone: 1 (928) 719-7747
Email: labwireinvestors@gmail.com
Website: 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.