PocketFinder is on Track to Have Its Best Holiday Sales in Company History

Location Based Technologies, Inc. (OTCBB:LBAS), a leading service provider of personal, pet and vehicle GPS locator devices, announced today that projected sales for PocketFinder and PocketFinder Vehicle products will set a company record for sales during the holiday months of October, November and December. The PocketFinder sales represent a 270%-360% increase over the same period during the previous year.

“Our commercial sales have been growing strongly for some time, but now our retail sales are starting to accelerate,” said CEO Dave Morse. “This will be the best retail sales during any consecutive three month period in the history of our company. There is a clear disconnect between the growth trajectory of our company and the market’s valuation,” he added.

PocketFinder personal and vehicle devices give users the ability to 'see' where their children and favorite vehicles are from anywhere and at any time, worldwide.

About Location Based Technologies, Inc.

A publicly traded company, Location Based Technologies (OTCBB: LBAS) designs and builds dedicated GPS products and services that are affordable and easy to use. PocketFinder, Location Based Technologies’ small personal GPS locator device, provides an easy solution to help people use technology to stay connected to the people, pets and assets they value most. PocketFinder products include the GPS Vehicle Locator, Personal GPS Locator and GPS Pet Locator. For more information, visit http://www.pocketfinder.com.

PocketFinder and Location Based Technologies, Inc. are trademarks of Location Based Technologies, Inc. registered in the U.S. and other countries.

Forward-Looking Statements

This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results may differ significantly from management's expectations. These forward-looking statements involve risks and uncertainties that include, among others, risks related to competition, management of growth, new products, services and technologies, potential fluctuations in operating results, international expansion, outcomes of legal proceedings and claims, fulfillment and data center optimization, seasonality, commercial agreements, acquisitions and strategic transactions, system interruption, inventory, government regulation and taxation and payments. More information about factors that potentially could affect Location Based Technologies’ financial results is included in Location Based Technologies’ filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent filings.

Location Based Technologies, Inc.Investor Relations:General CounselGregory Harrison, 888-600-1044 ext. [e-mail]