BEVERLY, Mass., Nov. 16 /PRNewswire-FirstCall/ -- LocatePLUS Holdings Corporation (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 months ended September 30, 2005. The Company reported record revenues of $3,005,960 in the third quarter of 2005, an increase of 115% compared to revenues of $1,397,063 in the third quarter of 2004 and 9% greater than revenues of $2,761,103 reported in second quarter of 2005. For the nine months ended September 30, 2005, LocatePLUS reported revenues of $8,665,739, an increase of 118%, compared to revenues of $3,983,260 for the first nine months of 2004. For nine months ended September 30, 2005, the Company reduced its operating loss to $1,859,967 as compared to an operating loss of $5,286,960 reported in the nine months ended September 30, 2004. LocatePLUS CEO Jon Latorella stated, "The third quarter continued our trend of triple-digit revenue growth, primarily as a result of increased usage of our Internet-based product and the addition of a significant channel partner. Cost as a percentage of revenue is not expected to increase over the next several months as we have acquired most the data planned for our online information systems. Currently are gross margins are between 70 and 80%." Latorella concluded, "We expect to generate strong revenues in the fourth quarter, positioning us to achieve continued, substantial improvements in 2006. Several large contracts are expected to come to fruition next year, and revenue from these contracts will directly contribute to bottom-line profits. We are pleased that a recapitalization of the company has been approved by our shareholders and we are focused on moving to a national stock exchange in the near-term." Additional details on third quarter financial results can be found in the Company's Form 10QSB, available at http://www.sec.gov/. 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 API, Earthlink, Loislaw, MyPublicInfo, 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 Corporation 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/ http://www.otcfn.com/lplha

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