-- Revenues Grow More than 100% Year-over-Year for the Three and Six Months Ended June 30 -- BEVERLY, Mass., Aug. 15 /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 its financial results for the three and six-month period ended June 30, 2005. For the three months ended June 30, 2005, the Company reported record revenues of $2,761,103, an increase of 112% compared to revenues of $1,301,221 in the second quarter of 2004. For the six months ended June 30, 2005, LocatePLUS reported revenues of $5,659,780, an increase of 119% compared to revenues of $2,586,197 for the first six months of 2004. For six months ended June 30, 2005, the Company reduced its net loss to $(958,118) as compared to a net loss of $(3,921,590) reported in the six months ended June 30, 2004. Excluding interest, taxes, depreciation and amortization, LocatePLUS generated approximately $80,000 positive EBITDA, representing its second consecutive quarter of being EBITDA positive. Revenues from the Internet-based product, LocatePLUS(TM), increased to $3,056,640 for the six months ended June 30, 2005, as compared to $1,860,777 for the six months ended June 30, 2004, an increase of 64%. This increase is attributable to an increase in customer usage, change in pricing, and adding additional searches. Revenue from channel partners increased to $1,858,602 from $376,198, an increase of 394%. The increase is attributable to gaining greater acceptance by partners for streaming XML as well as the addition of one major channel. LocatePLUS CEO Jon Latorella stated, "The second quarter represents one of tremendous top-line growth for the Company. With a year-over-year revenue growth trend of more than 100%, we anticipate to surpass total 2004 revenues by next month, positioning us for profitability in 2005." 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. Information concerning certain factors that could cause actual results to differ materially is included in the company's filings with the SEC. 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: James Fields of LocatePLUS Holdings Corp., +1-978-921-2727 ext. 124, ; or Rick McCaffrey, Investor Relations of OTC Financial Network, +1-781-444-6100 ext. 625, Web site: http://www.locateplus.com/ http://www.otcfn.com/lplha

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