LocatePLUS Online Customer Base Reaches 20,000 Users - Current Revenue Run Rate of $12 Million - BEVERLY, Mass., June 9 /PRNewswire-FirstCall/ -- LocatePLUS Holdings Corp. (OTC:LPLHAOTC:LPLHBOTC:LPLHW) (BULLETIN BOARD: LPLHA, LPLHB, LPLHW) , an industry-leading provider of business-to-business and business-to-government investigative solutions, announced today that the Company's online customer base now numbers approximately 20,000. LocatePLUS CEO Jon Latorella stated, "Our subsidiaries continue to successfully migrate us from smaller contracts in the New England region to mid-size and larger government contracts in order to accelerate our user base. Additionally, our new pricing model, which transitions customers from pay-per- click to minimum usage and/or fixed pricing plans, is building guaranteed and recurring revenue streams. Since we started the plan in late 2004, we have seen very positive results. Internally, we are adding roughly 300 to 400 new customers each month. Additionally, we have achieved explosive growth in channel partnership sales, up 450% to a preliminary $700,000 for the first quarter of 2005 compared to $127,000 in the first quarter of 2004." Latorella added, "We recent reported preliminary total first quarter revenues of $2.9 million, creating a current revenue run rate of $12 million. While our first quarter revenues grew at an impressive 126% year-over-year, our cost of revenues only rose 5% during the quarter. As our costs flattened out, we reported a milestone achievement of turning EBITDA profitable for the first time in our history. We expect strong top-line growth, along with the stabilizing of our costs, to continue in the months and years ahead, moving us to improvements in gross margin and ultimately bottom-line profits in 2006." Additional details on LocatePLUS' preliminary first quarter 2005 and year- end 2004 results were discussed during a June 1, 2005 conference call. An audio rebroadcast of the call is available online at http://www.otcfn.com/lplha. 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 numbers approximately 20,000 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/. For investor information, visit http://www.otcfn.com/lplha. Safe Harbor Statement from LocatePLUS: Statements in this press release concerning the Company's business outlook or future economic performance, anticipated profitability, revenues, expenses or other financial items, and network or service offering growth, together with other statements that are not historical facts, are "forward-looking statements" as that term is defined under the Federal Securities Laws. Any forward-looking statements are estimates, reflecting the best judgment of the party making such statements based upon currently available information and involve a number of risks and uncertainties, including the timing of any expansion of the Company's database, and other factors which could cause actual results to differ materially from those stated in such statements. Risks, uncertainties and factors which could affect the accuracy of such forward-looking statements are identified in the public filings made by the Company with the Securities and Exchange Commission, and forward-looking statements contained in this press release or in other public statements of the Company should be considered in light of those factors. For more information, contact: At LocatePLUS: Investor Relations: James Fields Rick McCaffrey LocatePLUS Holdings Corp. OTC Financial Network +1-978-921-2727 x124 +1-781-444-6100 x625 DATASOURCE: LocatePLUS Holdings Corp. CONTACT: James Fields, +1-978-921-2727 x124, of LocatePLUS Holdings Corp.; or Rick McCaffrey, +1-781-444-6100 x625, of OTC Financial Network Web site: http://www.locateplus.com/ http://www.otcfn.com/lplha

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