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LocatePLUS™
Holdings Corp. (OTCBB: LPLHA) |
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Dear Readers,
Yet again, the team at LocatePLUS
has scored a major win by signing another contract with a law enforcement
agency. This time the deal is with the law enforcement agency that
serves Bangor Maine International Airport, further solidifying the
company’s firm foothold in the governmental space.
At StockUpTicks
we’re pleasantly surprised at LocatePlus’s ability to not only land
major contracts with significant government and law enforcement
agencies but also with the frequency of these announcements. A simple
survey of LPLHA’s news (click
here) shows a company aggressively executing its business
plan. Experienced investors know that you rarely see a company
getting it done this quickly.
So, if you haven’t had a chance
to read our initial profile
take a moment to catch up (click
here) before you’re too far behind this mover!
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**BREAKING
NEWS** From LocatePLUS |
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Press Release
Source: LocatePLUS
Holdings Corp.
Tuesday March
23, 7:00 am ET
LocatePLUS
Subsidiary Strengthens Position in
Government
Sector
-- Signs
Exclusive Contract to Service Bangor Maine
International
Airport --
BEVERLY, Mass.,
March 23 /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 its wholly-owned subsidiary,
Worldwide Information, Inc., has been awarded an exclusive, long-term
government contract with the police department that services the
Bangor Maine International Airport.
Lieutenant Ron Gastia
of the Bangor Police influenced Worldwide Information's expansion
into the airport. Lt. Gastia stated, "We chose Worldwide Information
for their ability to enhance our intelligence services. Worldwide
can assist us in tightening airport security by screening and validating
the identities of passengers and checking suspicious vehicles at
the airport. With speed and multi-criteria capability searches,
Worldwide's motor vehicle and driver's license records on CD-ROM
provide an added tool for our investigations."
Chief Robert Moulton
of the neighboring police department of Scarborough Maine, stated,
"On March 2, 2004, I was about to follow-up on an anonymous tip
about a stolen piece of property. Unfortunately, the person who
gave me the tip provided inaccurate information on the physical
address of the subject, and I had no way of getting further clarification.
Using recently purchased Worldwide Information software, I was able
to conduct a search using the limited information that I had. The
results not only provided me with the accurate address, but also
with current and past information on each vehicle registered to
the suspect and those of each resident living at the suspect's address.
Worldwide's system
was very useful in
pinpointing the correct address and gaining valuable information
to further the investigation in the case."
Sonia Bejjani, President
of Worldwide Information, Inc., stated, "Worldwide Information
continues to meet
escalating demand for technology- based identity validation solutions
on a nationwide basis.
The Bangor Maine International Airport contract is part of a series
of exclusive U.S. government agreements, awarded to Worldwide this
year,which are contributing to accelerated top-line growth. In addition
to generating a strong, recurring revenue base, these long-term
contracts are a critical part of forming new relationships within
the high-level government and law enforcement sectors. Our servicing
of the Bangor Maine International Airport has the potential to capture
new contracts with other U.S. airports. Based on continuous positive
referrals and networking within the government sector, we are nearing
the close of additional high-level government contracts that should
provide for explosive, near-term revenue growth."
About Worldwide
Information, Inc.
Worldwide Information,
Inc., a wholly-owned subsidiary of LocatePLUS Holdings Corp., is
a leader in providing advanced searching technology to the law enforcement
community for more than a decade. Worldwide Information offers a
full line of CD-ROM products using statewide motor vehicle records
to provide identity validation services to law enforcement. Founded
in 1989, the company has expanded from private investigation and
customized search services to providing specialized software and
packaged databases that deliver complete investigative solutions
to its customers. For more information, visit: http://www.worldwideinformation.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 approaches 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 and Imaging Automation.
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.
LocatePLUS Contact:
Investor Relations Contact:
Sonia Bejjani
Gary Geraci
Worldwide Information,
a subsidiary of OTC Financial
Network
LocatePLUS Holdings
Corp.
Tel: 781/444-6100 (x629)
Tel: 978/463-8935
(x202)
garyg@otcfn.com
soniab@worldwideinformation.com
Source: LocatePLUS
Holdings Corp.
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About
LocatePLUS™ |
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LocatePLUS™ Holdings (OTCBB: LPLHA, LPLHB and LPLHW) is
the industry leader in providing online investigative solutions
to law enforcement, legal and insurance professionals, licensed
investigators, and other related businesses. It is one of the
fastest growing providers of public information in the world.
The company also sells a CD-ROM-based product, through its subsidiary
Worldwide Information, that enables users to search certain
motor vehicle records and drivers' license information in multiple
states through a dynamic search engine, using complete or partial
information. The company also maintains a database that is accessible
through the Internet, known as LocatePLUS.com.
The LocatePLUS.com product contains searchable and cross-referenced
public information on approximately 98% of the adult population
in the United States, including individuals' names, addresses, dates
of birth, Social Security numbers, prior residences, and, in certain
circumstances, real estate holdings, recorded bankruptcies, liens,
judgments, drivers' license information and motor vehicle records.
All of this data is maintained in one of the largest and most comprehensive
XML data sources of its kind, capable of national delivery.
LocatePLUS' customer base approaches 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 Department of Homeland Security (U.S.
Immigration and Customs Enforcement), FBI (Federal Bureau of Investigation),
ATF (Bureau of Alcohol, Tobacco, Firearms and Explosives) and DEA
(Drug Enforcement Administration). With billions of online public
records available to the investigative community, LocatePLUS.com
is emerging as a substantial national database service that is used
to prevent terrorism and fight crime.
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Financial
Highlights |
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Business: High Tech - Homeland Security
Recent Price: $0.52 (A Shares) 3/22/04
$0.32 (B Shares) 3/22/04
52-Week Range:$0.12 - 0.76 (A shares)
$0.10 - 0.43 (B shares)
Ave. Daily Volume: 933,909 (A Shares)
Common Shares Out: 149 million
Market Cap: $67.85 million
Est. Float: 110 million |
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For Current News and Stock Price Information Click
Here
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INVESTOR RELATIONS CONTACT |
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OTC Financial Network
Gary Geraci
300 Chestnut Street, Ste. 200
Needham, MA 02492
781/444-6100 ext. 629
781/444-6101 (fax)
garyg@otcfn.com
***
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