PORTLAND, Ore., March 19, 2009 (GLOBE NEWSWIRE) -- Catalyst Financial Resources, LLC has initiated coverage on Location Based Technologies, Inc. (OTCBB:LBAS) of Anaheim, Ca., a technology company focusing on the development, marketing, and sale of a leading-edge personal location device for retail and commercial distribution in the United States and European markets.
"Their products, PocketFinder(r) and PetFinder(r), are just plain ingenious in their design; portable, discrete, and distinctive," states analyst Marc Robins, CFA of Catalyst Financial Resources. "We believe ease of use and technological advancements are why the Company is attracting the attention of global gadget marketers and Tier 1 Mobile Phone Operators. At Catalyst, we strive to find undervalued, under-followed companies bringing novel advancements to the market with great investment opportunities. Location Based Technologies epitomizes our philosophy."
PocketFinder(r) and PetFinder(r) products are based upon proprietary and patented technology which allows users to safeguard persons, pets and assets. The service provides the Company with a razor, razor blade model; MSRP is $129.95 with monthly service fees ranging from $5-13 per device. Users can view person/asset locations, understand speed of travel and designate safe and unsafe zones via their cell phones or computers.
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About Catalyst Financial Resources
Catalyst Financial Resources, LLC is an investor awareness firm helping small- and micro-cap companies gain credible exposure in the financial community. Employing the Catalyst System, we augment a firm's existing investor relations activities and assist in achieving appropriate valuation in the marketplace. The Catalyst System was born out of an intense commitment to the small-cap, under-followed market and the need to forge a new standard on Wall Street. Founded in 2002 by Marc Robins, CFA, Catalyst Financial Resources has a proven track record of meeting the needs of both the management and the shareholders of small-cap companies. For more information, please visit http://www.catalystresearch.com.