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Location Based Technologies, Inc. GPS Trackers Chosen by Australian Warranty Network
|By Business Wire
|July 21, 2014 05:00 AM EDT
Finda Corp Pty Ltd. acting as the exclusive distributor in Australia for
Location Based Technologies, Inc. (OTCBB: LBAS), announced today a
partnership agreement with Australian Warranty Network (AWN) to resell
Commercial and Consumer LBT vehicle GPS tracker solutions into the
automotive and other vehicle Extended Warranty market in Australia and
The LBT Vehicle GPS tracker products localized for the ANZ market
consist of GSM quad-band devices designed to receive satellite
transmitted global positioning coordinates that are then relayed through
a GSM network to a smartphone, tablet, or web browser on a computer
showing a vehicle’s position on a map. Commercial and consumer users of
the LBT vehicle GPS tracking system are able to pin-point a vehicle’s
location as well as monitor 60-day vehicle travel history including
speed, altitude, or longitude/latitude coordinates all plotted on an
easy to navigate map displayed on an Android or iOS mobile device, or a
computer. The flexibility of the LBT system benefits all types of
vehicle owners who want to monitor driver behavior, reduce costs on
unnecessary vehicle use, or to recover stolen vehicles.
“We are excited about adding the LBT GPS tracking solutions to our suite
of vehicle services sold by dealers throughout Australia,” said Ray
Mahoney, CEO of AWN. He continued by adding, “This is an ideal way for
(auto) dealers to expand their business by offering LBT GPS trackers to
small-to-medium sized businesses and fleet owners wanting to keep track
of their vehicles.”
Anthony Sissian, chairman of Finda Corp says, “Our relationship with AWN
will provide an immediate distribution channel for LBT vehicle GPS
trackers into the Australian new and used motor, and motorcycle
dealerships. We are enthusiastic about this opportunity because we
expect it to open up sales into other industry sectors like insurers,
mechanical and electrical repair fleets, and possibly with finance
brokers wanting to keep track of vehicles.”
“This is a great win for LBT to break into the Australian and New
Zealand market through this partnership with AWN,” said Dave Morse, CEO
of LBT. “We’re confident the LBT Vehicle GPS Trackers will be an
attractive addition for auto dealers looking to complement their
accessories business – as GPS trackers are becoming more appealing to
small business owners trying to reduce operations costs, or even to
families monitoring teenage driver behavior.”
Availability of the LBT Vehicle GPS Tracker product is set for summer of
2014. Auto dealers interested in offering LBT Vehicle GPS Trackers
should contact their AWN representative to inquire about reseller
About Location Based Technologies
A publicly traded company, Location Based Technologies (LBAS) designs
and builds dedicated GPS products and services that are affordable and
easy to use. The Company’s consumer products are sold under the
PocketFinder brand, and its commercial products are sold under the LBT
brand. For more information, visit: www.pocketfinder.com
About Australian Warranty Network
AWN has been leading the way in the Australian market for the Extended
Warranty industry for 20 years. AWN understands that customer service is
the most important job we do. How we manage our customers’ vehicle
warranty claims sets us apart from all others.
About Finda Corp Pty Ltd.
Finda Corp is an authorized distributor of Location Based Technologies
focused on the Commercial and Consumer markets in Australia, New Zealand
and other channels in the Asian Pacific area. Finda Corp management are
long term participants in the GPS/location based services industry in
the JAPAC corridor.
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.
PocketFinder and Location Based Technologies, Inc. are trademarks of
Location Based Technologies, Inc. registered in the U.S. and other
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