LOS ANGELES, Sept. 17, 2003 (PRIMEZONE) -- ManageSource Research announced today that it has released updated coverage of LocatePLUS Holdings Corp. (OTCBB:LPLHA) (OTCBB:LPLHB) with a Buy rating and a twelve-month target of $0.75 - $0.85 based upon the Company's introduction of multiple new product lines and the systematic improvement of their fundamental condition. Fundamental ratio analysis has demonstrated that the Company has improved in almost all categories, including internal liquidity, operating performance and marketability. Updated versions of the Company's core products along with patent-pending Bull's Eye, LPPolice.com and a letter of intent to acquire Entersect Corporation should further improve growth and revenue capacity. LocatePLUS remains committed to working closely with law enforcement agencies to improve their products, build relationships and respond to user demand.
ManageSource president Douglas Rogers stated: "We feel confident with our expectations for LocatePLUS. The Company has recently announced its intent to acquire Entersect Corporation, successfully launched a number of new product lines, including Bull's Eye(tm) which is being considered for a patent, a new version of Anywhere(tm) and LPPolice.com. They have increased revenues in the past four sequential quarters at a compound rate of 19.17% while also translating more to Net Income, and have improved almost every analysis ratio as compared to previous quarters, which we demonstrate in the report. Subsequently, we feel that the current share value does not belie the improvements made or the increased potential offered by the new product lines and pending acquisition."
The report is downloadable from http://www.managesource.com.
ManageSource Research
Founded in 1998, ManageSource is a registered investment advisor that provides independent equity research and valuation analysis for corporations and institutional investors. ManageSource delivers dynamic financial solutions, such as revenue & cost analysis, cash flow and P&L statements to public and private corporations
Safe Harbor and Disclaimer: Managesource Research is an information source only, not a solicitation to buy or sell securities. Certain statements pertaining to earnings and growth are "forward-looking" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as defined in the Private Securities Litigation Reform Act of 1995. ManageSource intends that such statements be subject to safe harbors created thereby. Actual results may differ from those expressed or implied. Underlying Information has been compiled from sources deemed to be reliable, but accuracy is not guaranteed. Investing in securities is speculative and carries a high degree of risk. Investors should perform their own due diligence and independently investigate and fully understand all risks. This report was prepared by Rogers Consulting Group dba ManageSource Research, a registered investment advisor, CRD No. 121149. ManageSource has received $2,000 research enrollment from the company discussed herein and one officer holds 5,000 shares of LPLHA common equity. Further information: http://www.managesource.com.