Location Based Technologies, Inc. Says Gizomodo Publication of Material about PocketFinder(TM)...

Location Based Technologies, Inc. Says Gizomodo Publication of Material about PocketFinder(TM) is Unauthorized

ANAHEIM, Calif.--(Business Wire)--Location Based Technologies, Inc., said today that unauthorized
and confidential technical and preliminary pricing information about
the company's still-in-development PocketFinder(TM) personal location
device has been reproduced without permission on the "gizomodo.com"
website. This information was available only on the company's
confidential beta website. David Morse, Co-President and CEO of the
company, said, "The information about our company was obtained from a
confidential development portion of our beta website without our
permission. Its publication by gizomodo.com was not authorized by our
company and was a surprise to us." Mr. Morse further stated,
"Investors and other members of the public are cautioned not to rely
on any information about our company which is not found on the public
portion of our website or in reports filed with the Securities and
Exchange Commission."

Location Based Technologies, Inc.
David Morse, 800-615-0869

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