LocatePLUS Partners with Exclusive Distributor of Emerging Biometrics Technology Thursday July 29, 7:03 am ET -- Enters into Channel Partnership with Metro Risk Management Group, LLC --
BEVERLY, Mass., July 29 /PRNewswire-FirstCall/ -- LocatePLUS Holdings Corp. (OTC Bulletin Board: LPLHA - News, LPLHB - News, LPLHW - News), an industry-leading provider of business-to-business and business-to-government investigative solutions, announced today that it has signed a channel partnership agreement with Metro Risk Management Group LLC, a privately-held international risk management agency and developer of information verification systems. Metro Risk is also an exclusive distributor of the VeriChip(TM), the world's first subdermal, radio frequency identification (RFID) microchip that can be used in a variety of security, financial, emergency identification and other applications.
Under the first phase of the partnership, Metro Risk will offer its client base of private investigators, attorneys and law enforcement groups unlimited searches on identity validation using LocatePLUS' database. In the second phase of the partnership, LocatePLUS' database will be used to verify individuals applying for VeriChip when introduced in the U.S. MetroRisk currently distributes VeriChip for financial and security solutions in Latin America and Europe. The use of VeriChip by financial institutions can reduce credit card fraud and identity theft caused by lost or stolen debit/credit cards and account sharing.
Metro Risk Management Group Vice President of Marketing Silvia Guerrero stated, "This partnership will permit Metro Risk to offer a more complete and versatile service to our clients as well as assist in the verification process of VeriChip users for our state-of-the-art biometric security and financial solutions. We look forward to a mutually-beneficial and long-term relationship with LocatePLUS."
LocatePLUS CEO Jon Latorella stated, "As a global, e-intelligence solution provider, Metro Risk complements LocatePLUS' growth strategy to supply the nation with the latest counter-terrorism and identity theft solutions. Through this partnership, we can immediately expand our customer base and increase revenues. We are also very excited to be chosen to supply identity validation solutions for MetroRisk's planned U.S. market penetration of VeriChip. This represents a significant new milestone for us in servicing the biometrics sector."
About Metro Risk Management Group, LLC
Metro Risk Management Group is an international risk management agency and developer of information verification systems, http://www.metroprobe.com, headquartered in Miami, Florida with twelve offices worldwide. The firm was founded in 1998 to serve the needs of multinational corporations, financial institutions and government agencies in security and investigative matters. For more information, visit http://www.metroriskmg.com.
About LocatePLUS
LocatePLUS is an industry-leading provider of public information and investigative solutions that are 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 15,000 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, such as the FBI (Federal Bureau of Investigation), ATF (Bureau of Alcohol, Tobacco, Firearms and Explosives) and DEA (Drug Enforcement Administration). Channel partners include Loislaw, Earthlink, Imaging Automation, AssureTec and the nation's leading recruitment website.
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. For investor information, visit http://www.otcfn.com/lplha.
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.
For more information, contact: At LocatePLUS: Investor Relations: James Fields Gary Geraci, OTC Financial Network 978-921-2727 (x124) 781-444-6100 (x629) jfields@locateplus.com garyg@otcfn.com
At Metro Risk Management Group, LLC: Silvia Guerrero 305-864-1722 s.guerrero@metroriskmg.com
posted
I listened to the interview with the CEO of LPLHA on the stockguru.com He alluded to a HUGE deal coming in the next 2 weeks. Have been watching this stock for some time now and they have alot of interesting things going on.
IP: Logged |
LocatePLUS Reaffirms Guidance for Year End Profitability Monday August 2, 4:05 pm ET Reports Preliminary Record Second Quarter Financial Results
BEVERLY, MA--(MARKET WIRE)--Aug 2, 2004 -- LocatePLUS Holdings Corporation (OTC BB:LPLHA.OB - News) (OTC BB:LPLHB.OB - News) (OTC BB:LPLHW.OB - News), an industry-leading provider of business-to-business and business-to-government investigative solutions, announced today its preliminary financial results for the three months ended June 30, 2004. The Company reported record revenues of $1,301,221 in the second quarter of 2004, an increase of 60% compared to revenues of $812,252 in the second quarter of 2003. For the six months ended June 30, 2004, LocatePLUS reported revenues of $2,586,197, an increase of 65% compared to revenues of $1,569,866 for the first six months of 2003. Results were in line with management's previously announced revenue guidance.
Total assets as of June 30, 2004 were $9,304,174 with total current assets of $5,752,303 and cash equivalents totaling $3,268,207. Current liabilities were $3,616,437 and stockholders' equity was $1,932,305 at June 30, 2004. Total shares outstanding, diluted and basic, for the second quarter of 2004 were 163,357,203.
LocatePLUS CEO Jon Latorella stated, "We grew second quarter revenues by a strong 60% during our seasonally slowest quarter of the year. Although our net losses grew as a result of the acquisition of new data and increased marketing and discretionary promotional expenditures, these activities were a part of our plan to achieve profitability by year-end. We have strengthened our balance sheet as evidenced by stronger liquidity ratios even with these substantial investments in our business. The second quarter marked a significant new acquisition of unique, non-published telephone data sets by our wholly owned subsidiary Dataphant. Obtaining highly sought after data sets rolled into innovative product lines provide us with tremendous revenue drivers that should greatly expand our profit margins moving forward."
Latorella concluded, "Our current capital and continued, strong internal growth provide us with the resources to achieve our near-term growth objectives. As we previously announced, we expect to nearly double annual revenues to $6.3 million, excluding any future acquisitions, and achieve profitability in 2004. Factoring in potential new acquisitions fueled by our recent $3 million financing, we look forward to revenues and profits to rise sharply beginning in 2005."
About LocatePLUS
LocatePLUS is an industry-leading provider of public information and investigative solutions that are 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 15,000 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, such as the FBI (Federal Bureau of Investigation), ATF (Bureau of Alcohol, Tobacco, Firearms and Explosives) and DEA (Drug Enforcement Administration). Channel partners include Loislaw, EarthLink, Imaging Automation. AssureTec, Metro Risk Management Group, LLC, Great Expectations and the nation's leading recruitment website.
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. LocatePLUS' records are 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. For investor information, visit http://www.otcfn.com/lplha.
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. Information concerning certain factors that could cause actual results to differ materially is included in the company's filings with the SEC.
posted
OTC Financial Network Issues Strongly Favorable Report on LocatePLUS BEVERLY, Mass., Aug. 5 /PRNewswire-FirstCall/ -- LocatePLUS Holdings Corp. (OTC Bulletin Board: LPLHA, LPLHB, LPLHW), an industry-leading provider of business-to-business and business-to-government investigative solutions, announced today that OTC Financial Network, a division of National Financial Communications Corp., has issued a strongly favorable InvestorFacts report on the Company. The report includes a profile of the Company's innovative product suite; multiple, revenue streams; channel partnerships and investment considerations. Interested parties can view the report online at http://www.otcfn.com/lplha/report.html or call 781-444-6100 ext. 629 for reprints.
Geoffrey Eiten, publisher of the OTC InvestorFacts report, stated, "With worldwide terrorism fears escalating, security technology providers are experiencing unprecedented market demand. LocatePLUS is leveraging a patent- pending product line and established contacts in the government, law enforcement and legal sector to rapidly grow its business. The Company projects annual revenues of $6.3 million for 2004. With an annual revenue growth trend of nearly 100% and profits expected beginning in 2004, LocatePLUS' growth rate outpaces those of its more mature competitors such as ChoicePoint and the LexisNexis unit of Reed Elsevier NV. LocatePLUS is positioned to potentially generate $50 million in annual revenues within the next five years, representing a groundfloor investment opportunity to tap into the explosive identity validation and multi-billion homeland security sectors."
OTC Financial Network
OTC Financial Network, a division of National Financial Communications Corp. (http://www.nationalfc.com) based in Needham, Massachusetts, is a full- service financial communications and investor relations firm that specializes in micro-cap companies. The Company's proactive campaigns are custom designed to strengthen each client's presence in the investment community by disseminating breaking news and fundamental positions to spheres of influence; building upon the client's existing shareholder base; and soliciting institutional coverage. For more information, visit http://www.otcfn.com.
About LocatePLUS
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 15,000 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, such as the FBI (Federal Bureau of Investigation), ATF (Bureau of Alcohol, Tobacco, Firearms and Explosives) and DEA (Drug Enforcement Administration). Channel partners include Loislaw, Earthlink, Imaging Automation, AssureTec, Metro Risk Management Group, LLC, Great Expectations and the nation's leading recruitment website.
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. For investor information, visit http://www.otcfn.com/lplha.
Disclaimer: OTC InvestorFacts, published by National Financial Communications Corp., endeavors to supply its readers with sound opinions and advice based on its analysis of publicly available information from sources believed to be reliable, but makes no representation as to its accuracy or completeness. Opinions and advice of OTC InvestorFacts are not based upon individual needs or investment objectives of readers nor are they an offer to buy or sell securities. National Financial Communications Corp. and the publisher of OTC Investor Facts have received fees and compensation from the featured company. National Financial Communications Corp., its affiliates and subsidiaries and/or their officers and employees may from time to time acquire, hold or sell a position in the securities mentioned in its profiles. Upon request, the Company can furnish specific information in this regard. For full disclosure information, visit http://www.otcfn.com/lplha/disclaim.html.
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.
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
