Location Based Technologies Begins Sales in Ecuador and Receives First Purchase Order
Location Based Technologies, Inc. (OTCBB:LBAS), a leading service
provider for the world’s best GPS tracking devices, announced that it
will begin sales of its products in Ecuador. Parsis Cia Ltda., has
contracted to be LBT’s reseller in Ecuador and has paid for its initial
order of PocketFinder personal locators and vehicle products.
Parsis conducted several feasibility studies in 2012 and determined that
there was a significant market in Ecuador for LBT’s vehicle, personal
and pet devices. Additionally, the studies concluded that there was also
a significant market for an international fleet/freight tracking
solution like the 886. Parsis believes the 886 could particularly gain
traction with companies that export cut flowers, which is one of
Ecuador’s largest export industries.
“We now have the capability to sell our products and services into
several countries in South America, and we are excited to launch our
products in Ecuador with a quality company like Parsis,” said Dave
Morse, CEO of Location Based Technologies. “Our ability to now integrate
foreign SIM’s into our products supports our growth strategy and allows
us to meet existing demand in other parts of the world.”
Mr. Jose Cervantes, Chief Executive Director of Parsis, explained that,
“In Ecuador, like other countries of South America, security is highly
required. LBT’s technology is the most competent on the existing market,
surpassing others in technological infrastructure, accessibility to the
monitoring system from mobile platforms and with the most intuitive
interface for users. Parsis is pleased to provide LBT’s products in
Ecuador, offering GPS satellite monitoring alternatives at the highest
technological level and with high quality service to our users.”
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. 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
or www.locationbasedtech.com.
PocketFinder and Location Based Technologies, Inc. are trademarks of
Location Based Technologies, Inc. registered in the U.S. and other
countries.
About Parsis Cia Ltda.
Parsis Cia Ltda is a legally constituted company located in Quito,
Ecuador and is regulated to sell product throughout the country. Parsis
provides satellite based security services for consumer and commercial
applications including import and export services and government
agencies. Parsis has been pre-selling LBT’s products under the
PocketFinder brand in preparation for their upcoming launch.
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.