LBAS Location Based Technologies Inc (PK)

MicroStockProfit.com announces a stock report featuring Location Based Technologies Inc. (OTCBB:LBAS) . The report briefly notes the company's most recent developments and news, and outlines its financial position, market performance, and comparison against industry peers.

The full report is available at: www.microstockprofit.com/lp/LBAS

Location Based Technologies Inc. (LBAS) engages in the design, development, and sales of personal, pet, and vehicle locator devices and services. The Company is a developer of the PocketFinder family of products and the PocketFinder Network. The PocketFinder family of products includes the PocketFinder People, PocketFinder Vehicle, PocketFinder Pets, PocketFinder Luggage, PocketFinder Mobile and PocketFinder Fleet. The PocketFinder is a small location device that enables a user to locate a device, person, or pet, at anytime from almost anywhere. PocketFinder personal locator devices are wireless. Users can monitor the safety and location of family members, pets, and valuables using global positioning system (GPS) and general packet radio service (GPRS) technologies.

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In the report, the analyst notes:

"Late last month, the Irvine, Calif.-based company issued a press release announcing the first volume production of its PocketFinder devices will be manufactured at the San Jose, Calif. facility of Jabil Circuit Inc."

"LBAS posted a net loss of about $5.27 million for the nine months ended May 31, 2011, slightly lower than the net loss of $5.45 million reported for the comparable period last year."

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