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Location Based Technologies and EE Sign Agreement to Begin Working Relationship in the U.K.IRVINE, Calif. --(Business Wire)-- Location Based Technologies® Inc. (OTCBB:LBAS) executed an agreement with EE which will allow the companies to begin working together to trial sales of PocketFinder GPS products in the United Kingdom. EE (http://ee.co.uk/) is the largest telecommunications company in the U.K. and was created as a joint venture between Orange Telecom and T-Mobile (News - Alert). LBT is expected to deliver trial PocketFinder devices to EE within 30 days and the devices will be sold in EE's stores through the holidays. Under the terms of the agreement, this initial run of devices could be a pre-cursor to a larger and more involved relationship between the two companies. "Our relationship with EE represents an extraordinary opportunity for our company," said Location Based Technologies CEO, Dave Morse. "This year, we stated our desire to enterthe European marketplace and this is the type of relationship we have been looking for. EE is yet another elite organization has selected LBT as their partner because of our world class location solutions. We are proud to be working with EE." About Location Based Technologies A publicly traded company (OTCBB:LBAS), Location Based Technologies, headquartered in Irvine, CA (News - Alert), designs and develops leading edge A-GPS location devices and customizable services. LBT devices and services use patented, proprietary technologies to enhance the way businesses and families stay connected around the world. Visit www.locationbasedtech.com for more information on commercial asset and vehicle tracking solutions and www.pocketfinder.com for personal, pet and vehicle locator devices from the PocketFinder family of products. PocketFinder and Location Based Technologies, Inc. are trademarks of Location Based Technologies, Inc. registered in the U.S. and other countries. About EE EE is the UK's largest communications company, providing mobile and fixed-broadband communications services to more than 27 million customers through the Orange (News - Alert) and T-Mobile brands. Our vision is to give the UK the best network and the best service so our customers trust us with their digital lives. We have invested over £15 billion since 2000 building Britain's biggest mobile networks, and plan to invest over £1.5bn in the next three years to further improve our network and introduce fast 4G LTE (News - Alert) mobile broadband services. Recognized for award-winning customer service, EE employs more than 15,000 people and operates over 720 retail stores across the UK. 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. |
