This news release contains forward-looking statements that involve risks and uncertainties. Actual results and outcomes may differ materially from those discussed or anticipated. For a more detailed discussion of these and associated risks, see the company's most recent document filed with the Securities and Exchange Commission.
Location Based Technologies, Inc.'s (OTCBB:LBAS) PocketFinder device was used by the United States Secret Service to monitor a recovered Picasso painting as it made its way from Houston, Texas to Washington, D.C. The Secret Service used Ramo Carriers, Inc. to transport the recovered painting. “We gave the United States Secret Service access to LBT’s App to view a highly valued Pablo Picasso painting,” said Omar Gonzales, owner of Ramo Carriers. “The agents told me that PocketFinder was the best GPS tracker they’d ever seen.” Ramo Carriers has also used PocketFinder to keep tabs on a $28.9 million dollar shipment of recovered counterfeit watches as well as a shipment of priceless Egyptian Mummies. “Customers are continuing to use our devices in new and unique ways,” said Location Based Technologies CEO, Dave Morse. “For instance, we recently learned that some customers are using Pocketfinders to stay connected with their families on the ski slopes; what a tremendous market that could become for us. Additionally, Viper Securities in Colombia, South America, uses our devices to enhance their protection response, and companies in Ecuador will be using our newest device (the LBT-886) to track and monitor shipping conditions of fresh cut flowers. LBT’s peerless devices are providing the controls and connectivity that businesses and families need around the world.” See how other companies are benefiting from LBT’s tracking solutions by visiting, http://www.locationbasedtech.com/news/testimonials/. About Location Based Technologies, Inc. A publicly traded company, Location Based Technologies (OTCBB: LBAS) designs and builds dedicated GPS products and services that are affordable and easy to use. The Company’s consumer products are sold under the PocketFinder brand, and its commercial products are sold under the LBT brand. For more information, visit: www.pocketfinder.com or www.locationbasedtech.com. PocketFinder and Location Based Technologies, Inc. are trademarks of Location Based Technologies, Inc. registered in the U.S. and other countries.