LocatePLUS Announces First National Federal Contract Thursday March 1, 8:03 am ET Expects to Drive Up to $1.5 Million in Revenue for 2007
BEVERLY, Mass., March 1 /PRNewswire-FirstCall/ -- LocatePLUS Holdings Corp. (OTC Bulletin Board: LPHC - News), one of the fastest growing business-to- business and business-to-government providers of public information, was recently awarded its first national contract with the Federal Government. Under a nationwide contract designed to help the Federal Government strengthen homeland security, LocatePLUS will serve as an integral data provider, supplying select agencies with access to its proprietary database, which contains information on over 98% of US adult population. It is expected that this contract will contribute up to $1.5 million in revenue for 2007. This landmark contract underlines LocatePLUS' status as a leader in the data industry. ADVERTISEMENT
LocatePLUS CEO Jon Latorella stated, "As a first for LocatePLUS, this national contract with the Federal Government represents a major milestone in the company's history. We currently hold several contracts with local federal agencies, but this is the first national contract that LocatePLUS has entered into. A contract on this level truly acknowledges LocatePLUS' qualifications as a premier data provider capable of meeting the strict requirements set by the US Government."
Latorella continued, "LocatePLUS is committed to providing critical, cost- efficient resources to the highest levels of both state and national government agencies. I believe that this initial contract will ensure future national contracts. I am proud of the efforts of our team in securing a contract that will drive substantial revenue for our company."
LocatePLUS is an industry-leading provider of public information and investigative solutions that are currently being used in homeland security, anti-terrorism and crime fighting initiatives. The Company's proprietary, Internet-accessible database is marketed to business-to-business and business- to-government sectors worldwide. LocatePLUS' customer base exceeds 13,500 members, including over 2,000 law enforcement agencies, as well as many major police departments across the country. Clients include many of the nation's leading agencies.
Based on the 2000 United States Census figures and Company estimates, LocatePLUS has information on nearly 98% of the adult population and data entries relating to approximately 205 million individuals in the United States -- maintained in one of the largest and most comprehensive XML data sources of its kind, capable of national delivery. For more information, visit the Company's Website at http://www.locateplus.com.
Safe Harbor Statement from LocatePLUS: Statements in this press release concerning the Company's business outlook or future economic performance, anticipated profitability, revenues, expenses or other financial items, and network or service offering growth, together with other statements that are not historical facts, are "forward-looking statements" as that term is defined under the Federal Securities Laws. Any forward-looking statements are estimates, reflecting the best judgment of the party making such statements based upon currently available information and involve a number of risks and uncertainties, including the timing of any expansion of the Company's database, and other factors which could cause actual results to differ materially from those stated in such statements. Risks, uncertainties and factors which could affect the accuracy of such forward-looking statements are identified in the public filings made by the Company with the Securities and Exchange Commission, and forward-looking statements contained in this press release or in other public statements of the Company should be considered in light of those factors.
LocatePLUS Contact: James Fields LocatePLUS Holdings Corp. Tel: 978-921-2727 jfields*locateplus.com