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Looks like LPLHA may be gettin' ready to move back up. We'll see.
Excellent! Lots of pps potential appreciation here IMO.
Howdy Barter. Nice to see a board devoted to my first penny love.
3 year long and customer.
IMO...the chart looks like it has begun an uptrend. We'll see.
Barter,
LocatePLUS, from what I understand, has a decent product. Sadly, they set low goals and then fail to achieve them...Look at the chart...Would you let your kid sled-ride on that incline? Interesting warrant action today (>1m shares exchanged)...Either warrants will be extended (which certainly would be beneficial to the firm), or alot of folks will be bending over on 10-13.
GLTY
mpm2300
LocatePLUS Subsidiary Partners with Crimson Compass to Enhance CareerScreen(TM)
-- Adds Next-Generation Career Personality Assessment Module --
BEVERLY, Mass., Aug. 30 /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 its wholly-owned subsidiary Entersect has teamed with Crimson Compass, an online personality based relationship and career analysis service. The two companies have partnered to develop a next-generation career personality review (CPR) module for integration into Entersect's patent- pending resume verification product, CareerScreen(TM). Through Entersect's online channel partners, CareerScreen with CPR will be available for purchase and marketed to millions of people worldwide.
CPR employs a research-based testing methodology with state-of-the-art reporting and analysis developed by Crimson Compass founder and President Michael J. Montegut, Ph.D., an expert in the affects of personality on interpersonal relationships. Entersect President Geoffrey Lee stated, 'CPR is positioned as the career-personality assessment for the 21st century workplace. By introducing CPR as a value-add to our widely successful CareerScreen product, we can meet continued consumer demand for more effective pre-employment screening tools. With CPR, job seekers can identify those jobs which best suit their personalities, while helping them to expedite the recruitment process.'
Dr. Montegut stated, 'We are excited to develop proprietary matching and relationship analysis technology through our strategic partners, such as Entersect. We believe our tests are easier to take and yield more actionable information compared to existing, often outdated testing services. Along with Entersect, we look forward to enhancing job relationships and matching people to pathways for successful employment in a variety of business niches.'
About Crimson Compass, Inc.
Crimson Compass is focused on helping people identify, establish, and maintain strong interpersonal and on-the-job relationships. Personality measures are based on the most current and respected academic research and analysis is performed by a panel of highly experienced experts. Crimson Compass is operated by research psychologists, licensed marriage and family therapists and career counselors, and was founded in 2002 by Michael J. Montegut, Ph.D. Dr. Montegut holds a degree in Psychology from University of California. He held a prestigious National Research Council, Post Doctoral Fellowship and performed research and development at NASA-Ames Research Center prior to moving into private industry. Dr. Montegut has published in numerous internationally renowned journals and his work has been showcased at the Smithsonian Institution National Air & Space Museum in Washington, D. C. For more information, visit http://www.crimsoncompass.com.
About Entersect
A wholly owned subsidiary of LocatePLUS Holdings Corp., Entersect is a specialized provider of online information products and services to the human resource, career portal, online personals and law enforcement markets. Products include: Entersect Police Online, solely for law enforcement agencies; CareerScreen(TM), a patent-pending resume verification service marketed through national and international partnerships, and TrustMeID, for personal introduction services and online dating portals. Current channel partners include nation's leading job site Careerbuilder; Staffpointe; JobSniper; SalesJobs; CollegeRecruiter.com; Job Animal and Great Expectations. Entersect is based in Santa Ana, CA with regional sales capabilities throughout the West. For more information, visit http://www.entersect.net.
About LocatePLUS
LocatePLUS, and its subsidiaries, are industry-leading providers 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' online customer base numbers approximately 20,000 members, including over 2,000 law enforcement agencies and many major police departments across the country. Clients include leading U.S. agencies, including 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 LLC, and the nation's leading recruitment site. 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 Rick McCaffrey
LocatePLUS Holdings Corp. OTC Financial Network
978-921-2727 x124 781-444-6100 x625
jfields@locateplus.com rick@otcfn.com
At Entersect: At Crimson Compass:
Geoffrey Lee Michael J. Montegut, PhD.
714-564-9077 x103 michael@crimsoncompass.com
geoff@entersect.net
SOURCE LocatePLUS Holdings Corp.
Source: PR Newswire (August 30, 2005 - 7:00 AM EDT)
News by QuoteMedia
www.quotemedia.com
With the recent news and trading...this stock is looking much better presently.
LocatePLUS Profiled in Government Technology(R)
BEVERLY, Mass., Aug. 2 /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 the Company was profiled in the article 'Keeping Tabs' by Jim McKay in the August 2005 issue of Government Technology, published by e.Republic, the nation's leading magazine and new media company for state and local government and educational IT markets. The article profiles the State of Massachusetts' contract with LocatePLUS to access its database of registered sex offenders. Excerpts of the article follow:
Curt Wood, deputy director at the Massachusetts Criminal History Systems Board, said, 'The database was immediately used to locate associates of a suspect in an ongoing child porn investigation, making it much easier and quicker to gather information.' Wood said the system which runs on the states CJIS (Criminal Justice Information System) has elicited excellent feedback. 'We've rolled this out as part of a pilot with these 47 departments for sex offenders, but we also encourage them to use the tool in other areas, like warrant investigation, location and apprehension of wanted individuals,' Wood said.
The pilot will be reviewed after three months, and CJIS officials hope it becomes an enterprise-wide solution. To read the article in its entirety, visit: http://www.otcfn.com/lplha or http://govtech.net/magazine/story.php?id=95701.
About LocatePLUS
LocatePLUS, and its subsidiaries, are industry-leading providers 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' online customer base numbers approximately 20,000 members, including over 2,000 law enforcement agencies and many major police departments across the country. Clients include leading U.S. agencies, including 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 LLC, and the nation's leading recruitment site. 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 Rick McCaffrey
LocatePLUS Holdings Corp. OTC Financial Network
978-921-2727 x124 781-444-6100 x625
jfields@locateplus.com rick@otcfn.com
SOURCE LocatePLUS Holdings Corp.
- PR Newswire -
News by QuoteMedia
www.quotemedia.com
Wall Street News Alert Issued on LocatePLUS Holdings Corp.
MIAMI, Aug. 2, 2005 (PRIMEZONE) -- The following is an investment opinion issued by WallStreetNewsAlert.com.
"Wall Street News Alert specializes in locating and highlighting public companies who are often overlooked by Wall Street and mainstream analysts," according to Philip Cardwell, spokesperson for the company. A stock of particular interest is LocatePLUS Holdings Corp. (OTCBB:LPLHA), who released great news yesterday after the stock markets closed. "This latest news may have investors looking at LocatePLUS Holdings Corp. this morning. Now might be a great time to place LocatePLUS on their investment radars, and to keep watching for future developments as they unfold."
For updated in-depth coverage and a company profile of LocatePLUS Holdings, visit http://www.backissuesofnewsalerts.us/LPLHA0801.html
WSNA's email alert service is free to those investors who sign up on the WSNA home page. The alert service is designed to notify investors of often overlooked stocks. The Wall Street News Alert home page has experienced over 50 million hits. To subscribe to this free service, visit the Wall Street News Alert home page at http://www.wallstreetnewsalert.com and select the "join now" button.
Wall Street News Alert can help companies build awareness by utilizing our effective awareness campaigns. For additional information regarding our campaigns, please contact us at info@wallstreetnewsalert.com
-- It has come to the attention of Wall Street News Alert (WSNA), that various persons or companies distribute faxes bearing similar names to Wall Street News Alert. Wall Street News Alert is not affiliated with faxes bearing names such as: Wall Street Stock Alert, Wall Street Investor Alert, Wall Street News Alert or any other fax using various combinations of the generic words Wall Street. --
Wall Street News Alert is a division of Wall Street Capital Funding LLC (WSCF). WSCF is not a registered broker/dealer and may not sell, offer to sell or offer to buy any security. WSCF profiles are not a solicitation or recommendation to buy, sell or hold securities. An offer to buy or sell can be made only with accompanying disclosure documents from the company offering or selling securities and only in the states and provinces for which they are approved. The material in this release is intended to be strictly informational. The companies that are discussed in this release have not approved the statements made in this release nor approved the timing of this release. All statements and expressions are the sole opinion of WSCF and are subject to change without notice. Information in this release is derived from a variety of sources including that company's publicly disseminated information, third parties and WSCF research. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. WSCF disclaims any and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release. The release may contain technical inaccuracies or typographical errors. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. Investment in the securities of the companies' discussed in this release is highly speculative and carries a high degree of risk. WSCF is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment if they make a purchase in WSCF profiled stocks.
This profile is not without bias, and is a paid release. WSCF has been compensated for dissemination of company information on behalf of one or more of the companies mentioned in this release. In 2005, WSCF has been compensated sixty one thousand dollars for past coverage and fourteen thousand dollars for current coverage of LocatePLUS Holdings Corp (OTCBB:LPLHA), by a third party (National Financial Communications Corp.), who is non-affiliated and may hold a significant position in the stock, for services provided including dissemination of company information in this release. In 2004, WSCF was compensated for previous services performed for LocatePLUS; for information on that compensation, contact us at info@wallstreetnewsalert.com. WSCF holds no shares of the stock. WSCF may receive shares for extension of its services. Any shares will be disclosed at such time that WSCF is aware of a client's desire to extend the original services. WSCF may have received shares of a company profiled in this release prior to the dissemination of the information in this release. WSCF may immediately sell some or any shares in a profiled company held by WSCF and may have previously sold shares in a profiled company held by WSCF. WSCF's services for a company may cause the company's stock price to increase, in which event WSCF would make a profit when it sells its stock in a company. In addition, WSCF's selling of a company's stock may have a negative effect on the market price of the stock.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected", "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and WSCF undertakes no obligation to update such statements.
CONTACT: Wall Street News Alert
Roy Campbell
email: info@wallstreetnewsalert.com
URL: http://www.wallstreetnewsalert.com
- PrimeZone -
News by QuoteMedia
www.quotemedia.com
LocatePLUS Joins BlackBerry(R) ISV Alliance Program
BEVERLY, Mass., Aug. 1 /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 it has joined the BlackBerry(R) ISV Alliance Program to enhance the automated development, delivery and support of LocatePLUS' investigative solutions for the BlackBerry wireless platform from Research In Motion (RIM) (Nasdaq: RIMM; TSX: RIM).
The BlackBerry ISV Alliance Program consists of programs, resources and tools that are essential to the creation of a successful BlackBerry application such as the newly enhanced LP Wireless offering. The ISV Alliance Program will enable LocatePLUS to rapidly improve and develop new and existing applications that provide law enforcement and investigative professionals access to many of the same powerful searches available through our web based services including LocatePLUS.com and LPPolice.com. Considering 'time' is often the single most important factor during an investigation, installing BlackBerry with LP Wireless places a powerful combination right in the palm of an investigator's hand. Allowing these individuals to search by name, address, SSN, plate, VIN, vessel, property, and civil actions will give them a substantial advantage while in the field.
LocatePLUS CEO Jon Latorella stated, 'We are extremely excited to become a part of the BlackBerry ISV Alliance Program, which supports LocatePLUS' commitment to create enterprise-wide wireless applications that enhance productivity and create greater ease-of-use for our customers. We look forward to unveiling a newly enhanced BlackBerry wireless application in the future that empowers our customers with actionable information from anywhere at anytime.'
About Research In Motion (RIM)
Research In Motion is a leading designer, manufacturer and marketer of innovative wireless solutions for the worldwide mobile communications market. Through the development of integrated hardware, software and services that support multiple wireless network standards, RIM provides platforms and solutions for seamless access to time-sensitive information including email, device, SMS messaging, Internet and intranet-based applications. RIM technology also enables a broad array of third party developers and manufacturers to enhance their products and services with wireless connectivity to data. RIM's portfolio of award-winning products, services and embedded technologies are used by thousands of organizations around the world and include the BlackBerry(R) wireless platform, the RIM Wireless Handheld(TM) product line, software development tools, radio-modems and software/hardware licensing agreements. Founded in 1984 and based in Waterloo, Ontario, RIM operates offices in North America, Europe and Asia Pacific. RIM is listed on the Nasdaq Stock Market and the Toronto Stock Exchange. For more information, visit http://www.rim.com or http://www.blackberry.com.
About LocatePLUS
LocatePLUS and its subsidiaries are industry-leading providers 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' online customer base numbers approximately 20,000 members, including over 2,000 law enforcement agencies and many major police departments across the country. Clients include leading U.S. agencies, including 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 LLC, and the nation's leading recruitment site. For more information, visit the Company's Website at http://www.locateplus.com. For investor information, visit http://www.otcfn.com/lplha.
The BlackBerry and RIM families of related marks, images and symbols are the exclusive properties and trademarks of Research In Motion Limited.
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 Rick McCaffrey
LocatePLUS Holdings Corp. OTC Financial Network
978-921-2727 x124 781-444-6100 x625
jfields@locateplus.com rick@otcfn.com
SOURCE LocatePLUS Holdings Corp.
- PR Newswire -
News by QuoteMedia
www.quotemedia.com
Nice up day. It will be interesting to see if it continues.
Recapping yesterday's news:
Small Public Company Joins BlackBerry(R) ISV Alliance Program!
Wall Street News Alert's "stocks to watch" this morning are: LocatePLUS Holdings Corp. (OTC BB: LPLHA), eBay (NASDAQ: EBAY), Verso Technologies, Inc. (NASDAQ: VRSO) and Motorola, Inc. (NYSE: MOT).
LocatePLUS Holdings Corp. (OTC BB: LPLHA) should be appearing on the radar screen of aggressive investors and day traders this morning! Yesterday after the stock markets closed, the company, an industry-leading provider of business-to-business and business-to-government investigative solutions, issued a press release announcing that it has joined the BlackBerry® ISV Alliance Program to enhance the automated development, delivery and support of LocatePLUS' investigative solutions for the BlackBerry wireless platform from Research In Motion (RIM).
News of joining the Alliance Program should be welcomed by investors, as the company increases the use of its products! The BlackBerry ISV Alliance Program consists of programs, resources and tools that are essential to the creation of a successful BlackBerry application such as the newly enhanced LP Wireless offering. The ISV Alliance Program will enable LocatePLUS to rapidly improve and develop new and existing applications that provide law enforcement and investigative professionals access to many of the same powerful searches available through our web-based services including LocatePLUS.com and LPPolice.com. Considering "time" is often the single most important factor during an investigation, installing BlackBerry with LP Wireless places a powerful combination right in the palm of an investigator's hand. Allowing these individuals to search by name, address, SSN, plate, VIN, vessel, property, and civil actions will give them a substantial advantage while in the field.
Watch this company! LocatePLUS CEO Jon Latorella stated, "We are extremely excited to become a part of the BlackBerry ISV Alliance Program, which supports LocatePLUS' commitment to create enteprise-wide wireless applications that enhance productivity and create greater ease-of-use for our customers. We look forward to unveiling a newly enhanced BlackBerry wireless application in the future that empowers our customers with actionable information from anywhere at anytime."
Investors should continue to monitor the progress of LocatePLUS for further developments!
For updated in-depth coverage and a company profile of LocatePLUS, visit http://www.backissuesofnewsalerts.us/LPLHA0801.html
The stock closed yesterday at Eight cents a share.
In case you are not familiar with the companies: LocatePLUS and its subsidiaries are industry-leading providers 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' online customer base numbers approximately 20,000 members, including over 2,000 law enforcement agencies and many major police departments across the country. Clients include leading U.S. agencies, including 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 LLC, and the nation's leading recruitment site. The company's Website is http://www.locateplus.com.
Research In Motion is a leading designer, manufacturer and marketer of innovative wireless solutions for the worldwide mobile communications market. RIM's portfolio of award-winning products, services and embedded technologies are used by thousands of organizations around the world and include the BlackBerry® wireless platform, the RIM Wireless Handheld(TM) product line, software development tools, radio-modems and software/hardware licensing agreements. Founded in 1984 and based in Waterloo, Ontario, RIM operates offices in North America, Europe and Asia Pacific.
The BlackBerry and RIM families of related marks, images and symbols are the exclusive properties and trademarks of Research In Motion Limited.
Stocks showing interesting activity yesterday at the close of the regular trading day were: eBay (NASDAQ: EBAY) up 4.3% on 29.9 million shares traded, Verso Technologies, Inc. (NASDAQ: VRSO) down 19.8% on 23.7 million shares traded and Motorola, Inc. (NYSE: MOT) up 1.5% on 20.9 million shares traded.
Commentary:
"The Institute of Supply Managers reported that the July figures for manufacturing activity topped their ISM Index in July to 56.6% over June's 53.8% for the highest numbers this year. This is the 26th month of expanding activity in the manufacturing sector. Anything over 50 depicts an expanding economy," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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Wall Street News Alert is a division of Wall Street Capital Funding LLC (WSCF). WSCF is not a registered broker/dealer and may not sell, offer to sell or offer to buy any security. WSCF profiles are not a solicitation or recommendation to buy, sell or hold securities. An offer to buy or sell can be made only with accompanying disclosure documents from the company offering or selling securities and only in the states and provinces for which they are approved. The material in this release is intended to be strictly informational. The companies that are discussed in this release have not approved the statements made in this release nor approved the timing of this release. All statements and expressions are the sole opinion of WSCF and are subject to change without notice. Information in this release is derived from a variety of sources including that company's publicly disseminated information, third parties and WSCF research. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. WSCF disclaims any and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release. The release may contain technical inaccuracies or typographical errors. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. Investment in the securities of the companies discussed in this release is highly speculative and carries a high degree of risk. WSCF is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment if they make a purchase in WSCF profiled stocks.
This profile is not without bias, and is a paid release. WSCF has been compensated for dissemination of company information on behalf of one or more of the companies mentioned in this release. In 2005, WSCF has been compensated Sixty-One Thousand Dollars for past coverage and Fourteen Thousand Dollars for current coverage of LocatePLUS Holdings Corp (OTC BB: LPLHA), by a third party (National Financial Communications Corp.), who is non-affiliated and may hold a significant position in the stock, for services provided including dissemination of company information in this release. In 2004, WSCF was compensated for previous services performed for LocatePLUS; for information on that compensation contact us at info@wallstreetnewsalert.com. WSCF holds no shares of the stock. WSCF may receive shares for extension of its services. Any shares will be disclosed at such time that WSCF is aware of a client's desire to extend the original services. WSCF may have received shares of a company profiled in this release prior to the dissemination of the information in this release. WSCF may immediately sell some or any shares in a profiled company held by WSCF and may have previously sold shares in a profiled company held by WSCF. WSCF's services for a company may cause the company's stock price to increase, in which event WSCF would make a profit when it sells its stock in a company. In addition, WSCF's selling of a company's stock may have a negative effect on the market price of the stock.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and WSCF undertakes no obligation to update such statements.
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NEWS ARTICLE....7/14/2005 3:37pm
LocatePLUS Completes $8 Million Financing
BEVERLY, Mass., July 14 /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 that it has closed on an aggregate $8 million financing. The financing consists of 3% senior convertible notes which are convertible into the Company's common stock at a conversion price of $0.10 per share and warrants to acquire an aggregate of 32,000,000 shares of common stock at an exercise price of $0.15 per share. The investment was led by the Special Situations Funds, which invested a total of $5,000,000 and included $1,000,000 from Greenway Capital. Laidlaw & Company (UK) Ltd., a New York-based investment and merchant banking company, acted as placement agent for the transaction. Proceeds of the investment will be used to retire outstanding debt owed to Laurus Master Fund, Ltd. and for working capital purposes.
In connection with the financing, the Company has agreed to pursue a recapitalization of its capital stock by combining shares of the Company's Class A Voting Common Stock and Class B Nonvoting Common Stock into a single class of voting common stock and by seeking to effect a 1-for-50 reverse stock split.
Commenting on today's announcement, LocatePLUS CEO Jon Latorella stated, 'We are taking these actions at this time to simplify our capital structure so that we can make the Company more attractive to potential investors. We hope that the recapitalization will allow us to qualify to include our shares in a national trading market, thereby increasing the liquidity of our shares and simplifying future capital raising activities.'
Latorella concluded, 'We believe the combination of our recent financing, substantial debt reduction, double-digit annual revenue growth, technological advancements and strong infrastructure, along with a proposed simplified capital structure, position LocatePLUS to emerge as a new and powerful player in the identity validation space.'
About LocatePLUS
LocatePLUS, and its subsidiaries, are industry-leading providers 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' online customer base numbers approximately 20,000 members, including over 2,000 law enforcement agencies and many major police departments across the country. Clients include leading U.S. agencies, including 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 LLC, and the nation's leading recruitment site. 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 Rick McCaffrey
LocatePLUS Holdings Corp. OTC Financial Network
978-921-2727 x124 781-444-6100 x625
jfields@locateplus.com rick@otcfn.com
SOURCE LocatePLUS Holdings Corp.
- PR Newswire -
News by QuoteMedia
www.quotemedia.com
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ps. Well, what do you folks think about this?
Damn, this sounds like a real board now. ; - )
I've owned A and B shares for almost 3 years. I've been a customer a little longer. It's been tough the last few months.
Hey guys,
I have been following this stock for a couple of months. I have not pulled the trigger yet. I am still trying to figure out when I want to get in. I do believe that this company is definitely on the move. Still doing my research. good luck and hope to be a fellow shareholder soon.
Yeah, (LPLHA) it's been coming down for a while now...so, have a lot of other stocks...but, based on this company's news, revenue growth...and of course it's charts...the timing does look quite good. Seems like there's lots of potential here.
GLTA also!
Good trading to ya!
Batermania, thanks for starting the board. There are a couple of us LPLHA bagholders on IHUB. GL
I've been picking up shares of this company during the past week. I think they are going to have a stellar future. We shall see.
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07/08/05
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Free
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