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 the results of its five proposals voted on during its Annual Meeting of Stockholders held on November 14, 2005. Shareholders attending the meeting, and those voting by proxy, approved all five proposals. First, the following directors were elected to serve on the Company's nine-member Board of Directors: Sonia P. Bejjani; Ralph Caruso; John Crowley; David Skerrett; John P. Houlihan; Jon R. Latorella; Chris Romeo; Mike Ryan; and Peter Zekos. Second, shareholders approved the selection of Livingston and Haynes P.C. as the Corporation's auditors for the fiscal year ending December 31, 2005. Third, shareholders approved to reclassify and convert all the authorized shares of the Corporation's Class A Voting Common Stock and Class B Non-voting Common Stock, whether or not outstanding, into a single class of voting common stock. Fourth, shareholders approved to effect a 1-for-50 reverse stock split of the Corporation's authorized and issued and outstanding common stock, which will reduce the shares of capital stock that the Company is authorized to issue from 400,000,000 shares to 8,000,000 shares. Fifth, shareholders approved to increase the number of authorized shares of the Corporation's common stock from 8,000,000 shares to 25,000,000 shares. LocatePLUS CEO Jon Latorella stated, "This is a very exciting time to be a stockholder in the Company. Year to date, we have made significant financial progress, including achieving three consecutive quarters of triple-digit revenue growth and positive EBITDA in the first and second quarter. Our fundamentals are improving and consistent with our guidance, we are now prepared to execute a simplification and recapitalization of our corporate structure. We can now effectuate a reverse split and merger of our Class A & B stock to position us to meet the requirements of a national exchange, which can expand our institutional investor base for the benefit of our shareholders. We will provide shareholders details on the reverse split transaction as soon as they become available." 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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