Gates No More?

Has Bill Gates been toppled as the World's Richest Man?  Maybe so, depending on if you believe the author of a new report who contends that the distinction now belongs to IKEA founder Ingvar Kamprad whom, the story states, is valued at over $53 billion while Gates' net worth is estimated at $46 billion.  However, controversy surrounds this report.

But before we get into that, please note that one of our reader's favorite profiles of late, LocatePlus (OTCBB: LPLHA), released news just moments ago. This time, the information technology company that offers tools used in homeland security, anti-terrorism, and law enforcement has announced the appointment of a new VP to enhance its growth.  Please see the news below.

Getting back to Gates/Kamprad, some are speculating out loud about the quality of the report that displaces "Mr. Microsoft" as the world's fattest cat.  It's an interesting story and one likely to be debated hotly in the coming days.  If you'd like to read the CNN report that caught our eye on the subject please feel free to click here to view it.

As mentioned, below you will find today's *Breaking News* on LPLHA -  and as always, we welcome you to review our Profile on LocatePLUS - Click Here.

For current stock quote and news information on LocatePLUS Click Here
 

**BREAKING NEWS** From LocatePLUS

Press Release 
Source: LocatePLUS Holdings Corp.
Wednesday April 7, 7:00 am ET 

BEVERLY, Mass., April 7 /PRNewswire-FirstCall/ -- LocatePLUS Holdings Corporation (OTC Bulletin Board: LPLHA - News, LPLHB - News, LPLHW - News), an industry-leading provider ofbusiness-to-business and business-to-government investigative solutions, announced today that the Company has appointed Mark H. Ettinger as Vice President of Sales in charge of spearheading LocatePLUS' organic growth initiatives.

Mr. Ettinger joins LocatePLUS from Linguistic Systems, Inc., where he was Director of the Legal Translation Center, a multi-million dollar translation operation. Prior to the Legal Translation Center, he was vice president of National Practice Institute (NPI), where his primary responsibilities included establishing and overseeing relationships with key law schools, state, county and metro bar associations as content partners for West LegalEdcenter. In addition, Mr. Ettinger was responsible for NPI staff, seminars and production of NPI's Law and Technology Shows.

Previously, Mr. Ettinger spent nearly a decade at West Group, a leading provider of integrated information solutions to the U.S. legal market, which now operates within The Thomson Corporation.  During his tenure at West Group, Mr. Ettinger was in charge of sales prospecting for West's Legal Directory to approximately 1,000 of the largest law firms in the U.S. While at West Group, Mr. Ettinger is credited with developing markets in several major U.S. cities, including Boston, New York, Chicago, and Dallas. Mr. Ettinger holds an MBA from the University of St. Thomas and a Bachelor of Arts from the University of Minnesota.

LocatePLUS CEO Jon Latorella stated, "Mark is a results-oriented individual who brings strong sales and management experience to LocatePLUS. Mark has honed his astute knowledge of the public information services arena, and has a track record of driving millions of dollars in sales. We are confident Mark will leverage his marketing management expertise and sales background in serving the legal information community to build a widespread network of high-level legal, law and government customers. In our newly created position of Vice President of Sales, Mark will be responsible for designing and implementing our organic growth strategies, as well as directing our fast-growing internal sales force. Under Mark's leadership, we expect to continue to achieve tremendous customer and sales growth."

LocatePLUS Vice President of Sales Mark Ettinger stated, "I am honored to be joining LocatePLUS during an exciting time in their corporate growth. Following the significant data build-out of their proprietary database and introduction of new product lines, such as cellular data sets, LocatePLUS has differentiated itself as a leader in the high-growth identity validation space. I look forward to working closely with the professionals at LocatePLUS in demonstrating the scalability of their business model to the financial community and creating dramatic additional sales opportunities for the Company."

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 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. Information concerning certain factors that could cause actual results to differ materially is included in the company's filings with the SEC. 

LocatePLUS Contact:                      Investor Relations Contact:
James Fields                             Gary Geraci
LocatePLUS Holdings Corp.                OTC Financial Network
Tel: 978-921-2727 (x124)                 Tel: 781/444-6100 (x629)
jfields@locateplus.com                   garyg@otcfn.com

Source: LocatePLUS
 

About LocatePLUS™

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.
 

Financial Highlights

 

Business: High Technology - Homeland Security  Recent Price:  $0.53(A Shares) - $0.35(B Shares) 4/6/04 52-Week Range:$0.12 - 0.76 (A shares)                              $0.10 - 0.43 (B shares) Average Daily Volume: 911,000 (A Shares)  Common Shares Outstanding: Total 149 million Market Cap: 69.15 million  Est. Float: 110 million

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