LocatePLUS Files First Quarter 10-QSB -- EBITDA Positive for the Quarter and On Track to Achieve Profitability in 2005 -- BEVERLY, Mass., June 16 /PRNewswire-FirstCall/ -- LocatePLUS Holdings Corp. (OTC:LPLHEOTC:LPLJEOTC:LPLWE) (BULLETIN BOARD: LPLHE, LPLJE, LPLWE) , an industry-leading provider of business-to-business and business-to-government investigative solutions, announced today that it has filed its Form 10-QSB for the first quarter ended March 31, 2005 at http://www.sec.gov/. Results were in line with its preliminary numbers announced on June 2, 2005. Subsequent to filing its Form 10-QSB today, the "E" will be removed from the Company's ticker symbols and should revert back to their previously known symbols (OTC: LPLHAOTC:LPLHBOTC:LPLHW) (BULLETIN BOARD: LPLHA, LPLHB, LPLHW) shortly. The Company reported revenues of $2,898,677 for the first quarter of 2005, which represents an increase of 126% compared to revenues of $1,284,976 reported in the first quarter of 2004 and 27% higher than the $2,279,322 reported in the fourth quarter of 2004. The Company achieved positive EBITDA for the first time in its history for the quarter ended March 31, 2005. LocatePLUS CEO Jon Latorella stated, "This quarter continued our long- standing sequential and year-over-year upward revenue growth trend. For the first quarter, we reported a milestone achievement of turning EBITDA positive for the first time in our history. We expect to continue to drive robust, top- line growth throughout this year, and to achieve profitability in 2005 with accelerating profits thereafter." 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 978-921-2727 x124 781-444-6100 x625 DATASOURCE: LocatePLUS Holdings Corp. CONTACT: At LocatePLUS: James Fields of LocatePLUS Holdings Corp., +1-978-921-2727 ext 124, ; or Investor Relations: Rick McCaffrey of OTC Financial Network, +1-781-444-6100 ext 625, Web site: http://www.locateplus.com/

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