JUST TOO FUNNY, BEWARE:"On Monday, NECN Reporter Mont Fennel visited the Saugus, Massachusetts Police Department and interviewed LocatePLUS CEO Jon Latorella, who is hosting the Computer Crime Investigation Training Seminar this week along with Internet Crimes, Inc., a leading provider of high-tech investigation training and services. The segment was advertised as "Tech protection: new weapons in the war against identity theft and terrorism."
LocatePLUS Featured in New England Cable News Business Segment
BEVERLY, Mass.--(BUSINESS WIRE)--Sept. 10, 2003--LocatePLUS Holdings Corp. (OTC BB:LPLHA, LPLHB), one of the fastest growing business-to-business and business-to-government providers of public information, announced today that the Company was featured in New England Cable News (NECN) network's New England Business Day on September 8, 2003. To view the news segment, please visit otcfn.com.
On Monday, NECN Reporter Mont Fennel visited the Saugus, Massachusetts Police Department and interviewed LocatePLUS CEO Jon Latorella, who is hosting the Computer Crime Investigation Training Seminar this week along with Internet Crimes, Inc., a leading provider of high-tech investigation training and services. The segment was advertised as "Tech protection: new weapons in the war against identity theft and terrorism."
According to the news report, Mont Fennel stated, "At the Saugus, Massachusetts police department, the number of cases of credit card fraud and identity theft have gone from about two per month in the last two years to two per week. Budget cutbacks have reduced the number of investigators from four to three, but detectives are now more easily solving crimes using an Internet database. LocatePLUS compiles information on 98% of the population - addresses, social security numbers, names of those who lived with you, criminal records and more. The product has enabled detectives to increase their captures by 50%....Now more than 2,000 police departments plus federal agencies like the Secret Service are customers. After 911, the FBI used LocatePLUS to search for people connected to the hijackers."
Fennel continued, "Meanwhile, a motor vehicle database on CD-ROM (subsidiary Worldwide Information) has helped LocatePLUS nearly double sales each of the past three years to about $2 million. Though the Company says it will not to be profitable until next year, its stock has doubled since going public in December."
New England Business Day is the region's only nightly program focusing on the business news of the day. Hosts R.D. Sahl, Amanda Rosseter and Shannon Ogden examine the state of the markets, and news of New England businesses and the economy. For more information, visit boston.com.
About LocatePLUS
LocatePLUS is an industry-leading provider of public information and investigative solutions that are currently being 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 12,000 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 and Earthlink.
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 - 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 locateplus.com. For investor information, visit otcfn.com.
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.
CONTACT:
Worldwide Information, a subsidiary of LocatePLUS
Holdings Corp.
Sonia Bejjani, 978-463-8935 (x202)
soniab@worldwideinformation.com
or
OTC Financial Network
Investor Relations
Gary Geraci, 781-444-6100 (x629)
garyg@otcfn.com
SOURCE: LocatePLUS Holdings Corp.
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09/10/2003 07:00 EASTERN |
