Location Based Technologies, Inc. (OTCBB: LBAS), maker of the LBT-886 commercial GPS tracking devices and the PocketFinder personal GPS device, announced today that the Company is working with the government of Singapore to secure the final approvals required to launch its PocketFinder devices in Singapore and related areas. Once the approval is obtained, LBT expects to begin shipping devices to that region within 30 days.

In Australia, LBT’s local distributor is in final stages of contract negotiations for the sale of the LBT-886 and vehicle tracking devices to a shipping agency along with several other commercial companies. LBT expects those negotiations to be finalized within the next few weeks with the device sale consummated shortly thereafter.

In China, LBT continues to work through the government and regulatory hurdles associated with entering the Chinese market. LBT is currently working on a software-based solution which will allow us to enter the Chinese market with minimal regulatory delay and result in LBT’s ability to enter the market this calendar year.

About Location Based Technologies

A publicly traded company, Location Based Technologies (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.

Forward-Looking Statements

This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results may differ significantly from management's expectations. These forward-looking statements involve risks and uncertainties that include, among others, risks related to competition, management of growth, new products, services and technologies, potential fluctuations in operating results, international expansion, outcomes of legal proceedings and claims, fulfillment and data center optimization, seasonality, commercial agreements, acquisitions and strategic transactions, system interruption, inventory, government regulation and taxation and payments. More information about factors that potentially could affect Location Based Technologies’ financial results is included in Location Based Technologies’ filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent filings.

PocketFinder and Location Based Technologies, Inc. are trademarks of Location Based Technologies, Inc. registered in the U.S. and other countries.

Location Based Technologies, Inc.Investor Relations:General CounselGregory Harrison, 888-600-1044 ext. 9info@pocketfinder.com

Location Based Technolog... (PK) (USOTC:LBAS)
Historical Stock Chart
Von Dez 2024 bis Jan 2025 Click Here for more Location Based Technolog... (PK) Charts.
Location Based Technolog... (PK) (USOTC:LBAS)
Historical Stock Chart
Von Jan 2024 bis Jan 2025 Click Here for more Location Based Technolog... (PK) Charts.