Location Based Technologies Board Declares Dividend Payable in Shares

* Reuters is not responsible for the content in this press release.

Fri Oct 10, 2008 4:21pm EDT

ANAHEIM, Calif.--(Business Wire)--
Location Based Technologies (OTCBB:LBAS), a leading-edge family
service provider of personal locator devices and services, today
announced that their Board declared a 200% dividend (3 for 1 stock
dividend) payable in stock for shareholders of record as of close of
business on October 20, 2008.

   About Location Based Technologies

   A publicly traded company (OTCBB:LBAS), Location Based
Technologies designs and develops leading-edge personal locator
devices and services that incorporate patented, proprietary
technologies designed to enhance and enrich the lives of families
globally. The company is headquartered in Anaheim, Calif. For more
information, visit http://www.pocketfinder.com.

   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.

Location Based Technologies
David Morse, 800-615-0869
dave@pocketfinder.com
or
Daly-Swartz PR for Location Based Technologies
Jeffrey Swartz, 949-470-0075
jeffreyswartz@dsprel.com
or
Glenn Busch, CFP
Northstar Investments
Investor Relations
Glenn Busch, Northstar Investments, 714-310-8641
glenn@pocketfinder.com

Copyright Business Wire 2008
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