Location Based Technologies Receives Second Order from Ecuador

Location Based Technologies Receives Second Order from Ecuador

IRVINE, Calif.--(BUSINESS WIRE)-- Location Based Technologies, Inc. (OTCBB:LBAS), a leading service provider for the world's best GPS tracking devices, announced that it has received payment for a second order of PocketFinder devices from Parsis Cia Ltda. A third order from Parsis is currently in process and LBT anticipates receiving a fourth order within the next 90 days. Parsis has indicated they intend to purchase a total of 800 units before June, 2013 and they believe the market opportunity in Ecuador for PocketFinder and LBT products will continue to grow significantly.

"We are very pleased to see Parsis expand its business so quickly," said Dave Morse, Location Based Technologies, CEO. "The additional value of this relationship is that it is a great proof point of our ability to meet demand in a foreign country using a 'local' SIM. We will be able to replicate this process for other companies around the world that have expressed interest in our portfolio of products. We intend to continue expanding our distribution outreach around the globe."

About Parsis Cia Ltda.

Parsis Cia Ltda is a legally constituted company located in Quito, Ecuador and is regulated to sell product throughout the country. Parsis provides satellite based security services for consumer and commercial applications including import and export services and government agencies. Parsis pre-sold LBT's products under the PocketFinder brand in preparation for their recent launch.

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.

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.
Investor Relations:
General Counsel
Gregory Harrison, 888-600-1044 ext. 9

KEYWORDS:   United States  North America  South America  California  Ecuador


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