PocketFinder Gets Mobile Apps

Location Based Technologies Announces PocketFinder^® Support for Smartphones Worldwide

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 will enable Google Android-based smartphones, worldwide, to deliver all benefits and features of the PocketFinder GPS locator service along with full integration of PocketFinder location devices.

In our quest to optimize the family’s ability to stay connected, we have developed the ability to turn smartphones into cell phone GPS locators or ‘PocketFinders,’ with all the benefits of real-time location, zone and speed alerts, instant messaging, and travel history, for one low service fee, said Dave Morse, CEO of Location Based Technologies. This new service will work on any wireless network worldwide (GSM or CDMA) and will be offered in October upon launch of Google’s smartphone. “We are negotiating with other GPS smartphone providers to make this enhancement available to their customers as well,” Morse added. “This opens a vast new market segment of customers who have existing GPS location technology, but are not benefitting from PocketFinder’s easy-to-use interface and the ability for parents to easily locate their children, outdoor enthusiasts to stay in touch, businesses to provide innovative customer services, and to increase levels of safety and security to the elderly. This additional revenue opportunity expands our existing market plan and allows for smartphones to function independently or to have full integration with our PocketFinder products.”

The $9.95 service will be offered for $6.95 per month for customers who sign up during the first 30 days as a launch promotion. “The $6.95 is not a teaser rate. It will not change as long as the account remains active and current,” Morse noted.

Smartphones are a vast market which International Data Corporation (IDC) projects will reach 304,000,000 worldwide by 2011. According to statistics published in May by Gartner, more than 32,000,000 smartphones were purchased worldwide in the first quarter of 2008 alone. Smartphone sales in North America rose by 106% in the same quarter.

The company previously announced it has received formal laboratory approval for GSM connectivity on the European wireless networks where negotiations continue to move forward with sales partners in the European community for PocketFinder and PetFinder GPS locator devices.

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