SOURCE: Market Pulse

June 02, 2005 08:30 ET

Market Pulse Breaking News Alert for Thursday, June 2, 2005: LPLHE - LocatePLUS Posts Record Preliminary First Quarter Revenues of $2.9 Million!

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Market Pulse.

ATLANTA, GA -- (MARKET WIRE) -- June 2, 2005 -- Market Pulse News Alert for this AM, Stocks to Watch are: LocatePLUS Holdings Corp. (OTC BB: LPLHE), Chinadotcom Corp. (NASDAQ: CHINA), Lamperd Less Lethal (OTC BB: LLLI), and Google Inc. (NASDAQ: GOOG).

Investors need to be watching LocatePLUS Holdings Corp. (OTC BB: LPLHE) this AM! LocatePLUS, and its wholly owned subsidiaries, are industry-leading business-to-business, business-to-government and business-to-consumer providers of public information via their proprietary data integration solutions used in homeland security, anti-terrorism and crime fighting initiatives. LocatePLUS' online customer base exceeds 16,500 members, including over 2,000 law enforcement agencies and many major police departments across the country. In 2004, LocatePLUS reported annual revenues of $6.3 million, up 84% from 2003. LocatePLUS had excellent news out in a press release after Wednesday's bell announcing record preliminary first quarter revenues of $2.9 million! Investors should be watching this one closely!

LocatePLUS Holdings Corp. (OTC BB: LPLHE), an industry-leading provider of business-to-business and business-to-government investigative solutions, announced today its preliminary financial results for the three month period ended March 31, 2005. The Company reported preliminary revenues of $2,898,677 for the first quarter of 2005, which represents an increase of 126% compared to revenues of $1,284,976 reported in the first quarter of 2004 and 26% higher than the $2,279,322 reported in the fourth quarter of 2004.

The Company also announced a preliminary EBITDA profit. Total assets as of March 31, 2005, were $6,445,689 with total current assets of $2,842,500 and cash and cash equivalents totaling $100,453. Current liabilities were $6,363,918 as of March 31, 2005.

LocatePLUS CEO Jon Latorella stated, "The first quarter of 2005 marked a major turning point of being EBITDA positive, and validates our ongoing business strategy. Now that we have turned EBITDA positive, we will devote our continued efforts to increasing our profit during the remainder of this year with an acceleration to bottom line profit in 2006 and beyond."

About LocatePLUS

LocatePLUS and its subsidiaries are industry-leading providers of public information and investigative solutions that are 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' online customer base exceeds 16,500 members, including over 2,000 law enforcement agencies and many major police departments across the country. Clients include leading U.S. agencies, including the FBI (Federal Bureau of Investigation), ATF (Bureau of Alcohol, Tobacco, Firearms and Explosives) and DEA (Drug Enforcement Administration). Channel partners include Loislaw, Earthlink, Imaging Automation, AssureTec, Metro Risk Management LLC, and the nation's leading recruitment site. For more information, visit the Company's Website at http://www.locateplus.com.

Stocks in the news and acting well as of late include: Chinadotcom Corp. (NASDAQ: CHINA), Lamperd Less Lethal (OTC BB: LLLI), and Google Inc. (NASDAQ: GOOG).

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