SED International Agreement

Location Based Technologies Signs SED International to PocketFinder® Distribution Agreement

ANAHEIM, Calif.–(BUSINESS WIRE)–Location Based Technologies, Inc. (OTCBB:LBAS – News), a leading-edge family service provider of personal locator devices and services, today announced it has signed a distribution and fulfillment agreement for its PocketFinder® GPS locators product line with SED International, Inc., a leading wholesale distributor of wireless communication, consumer electronics, and computer products.
In addition to providing the complete PocketFinder line of devices to resellers, SED will also be responsible for fulfillment and logistics for the PocketFinder Affiliate program through the Google (NASDAQ:GOOG – News) Affiliate Network.

“We are pleased to welcome Location Based Technologies to the SED family,” said Jonathan Elster, SED International’s executive vice president. “The PocketFinder GPS locator device line provides our customers with a great opportunity to increase sales while delivering real value to the consumer. This is a quality line of products in an important and growing category.”

Dave Morse, CEO and co-founder of Location Based Technologies, commented, “This distribution agreement with SED International, Inc., is a natural fit for us and the PocketFinder brand. SED is highly respected and has a proven track record as a top-tier distribution company. They will provide seamless reseller access to our best-of-breed PocketFinder products and demonstrate our commitment to a diversified channel strategy encompassing affiliates, wireless resellers and traditional retailers.”

The PocketFinder family of GPS locators use advanced technology to help families stay connected. The smallest known single-board GSM/GPS device easily fits into a pocket, purse or backpack, and can be accessed via the Internet, cell phone or landline to show its exact location in real time. In addition, the devices include several advanced features, such as allowing users to designate customizable alert areas as electronic “fences” to notify them when a family member or pet leaves or enters a specified area. The devices can even track vehicle speeds to encourage safe driving decisions.

Recently, the PocketFinder service became available on T-Mobile’s Android-based Google phone, thereby enabling those users to easily integrate with the PocketFinder GPS locators when the devices are released early next year.

About SED International, Inc.
SED International, Inc., founded in 1980, is a leading provider of consumer electronics, computer, and wireless communications products to channel partners throughout the United States and Latin America. Known for industry-leading service levels, SED International delivers world-class offerings, including flexible financing, end-user fulfillment, expert technical support, and customized reseller programs. SED International is headquartered in Atlanta, GA, with additional sales offices and distribution centers in Dallas, TX; Miami, FL; City of Industry, CA; Buenos Aires, Argentina; and Bogota, Columbia. Additional information can be found here.

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.

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