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| [November 30, 2012] |
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Location Based Technologies and EE Sign Agreement to Begin Working Relationship in the U.K.
IRVINE, Calif. --(Business Wire)--
Location Based Technologies® Inc. (OTCBB:LBAS)�executed
an agreement with EE which will allow the companies to begin working
together to trial sales of PocketFinder GPS products in the United
Kingdom. EE (http://ee.co.uk/)
is the largest telecommunications company in the U.K. and was created as
a joint venture between Orange Telecom and T-Mobile (News - Alert).
LBT is expected to deliver trial PocketFinder devices to EE within 30
days and the devices will be sold in EE's stores through the holidays.
Under the terms of the agreement, this initial run of devices could be a
pre-cursor to a larger and more involved relationship between the two
companies.
"Our relationship with EE represents an extraordinary opportunity for
our company," said Location Based Technologies CEO, Dave Morse. "This
year, we stated our desire to enterthe European marketplace and this is
the type of relationship we have been looking for. EE is yet another
elite organization has selected LBT as their partner because of our
world class location solutions. We are proud to be working with EE."
About Location Based Technologies
A publicly traded company (OTCBB:LBAS),
Location Based Technologies, headquartered in Irvine, CA (News - Alert), designs and
develops leading edge A-GPS location devices and customizable services.
LBT devices and services use patented, proprietary technologies to
enhance the way businesses and families stay connected around the world.
Visit www.locationbasedtech.com
for more information on commercial asset and vehicle tracking solutions
and www.pocketfinder.com
for personal, pet and vehicle locator devices from the PocketFinder
family of products.
PocketFinder and Location Based Technologies, Inc. are trademarks of
Location Based Technologies, Inc. registered in the U.S. and other
countries.
About EE
EE is the UK's largest communications company, providing mobile and
fixed-broadband communications services to more than 27 million
customers through the Orange (News - Alert) and T-Mobile brands. Our vision is to give
the UK the best network and the best service so our customers trust us
with their digital lives. We have invested over �15 billion since 2000
building Britain's biggest mobile networks, and plan to invest over
�1.5bn in the next three years to further improve our network and
introduce fast 4G LTE (News - Alert) mobile broadband services. Recognized for
award-winning customer service, EE employs more than 15,000 people and
operates over 720 retail stores across the UK.
This news release contains forward-looking statements that involve risks
and uncertainties. Actual results and outcomes may differ materially
from those discussed or anticipated. For a more detailed discussion of
these and associated risks, see the company's most recent document filed
with the Securities and Exchange Commission.
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