BEVERLY, Mass., Sept. 26 /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, issued today the following performance update to its shareholders: Dear Fellow Shareholders: In the first half of 2005, we achieved exceptional revenue growth, up more than 100% year-over-year for the three- and six-month period ended June 30, posted two consecutive quarters of being EBITDA positive, strengthened our balance sheet and created a solid capital foundation. Additionally, we have taken the initial steps, including a proposed simplification of our capital structure, to prepare us to move to a national stock exchange in the near future. I am pleased to highlight the following additional accomplishments from our subsidiaries year-to-date: Metrigenics Inc. continues to move toward commercializing "disruptive" biometric technologies that could potentially enhance the speed and efficiencies of law enforcement investigations. Metrigenics is nearing completion of a product that can create facial feature characteristics of criminals based on trace DNA evidence. The evolution of this subsidiary continues to offer an exciting opportunity for LocatePLUS and our shareholders to participate in the explosive global biometric industry. We anticipate the subsidiary's first product to launch over the next 12 months. Dataphant is leveraging industry-first non-published telephone data sets into new product lines for law enforcement. We anticipate expanding our data collections as well as we would like to announce the launch of Identishield, its newest product. Identishield is a proprietary product to assist law enforcement in their investigations. Certifion Corporation, d.b.a. Entersect, was selected by Michigan State University's Identity Theft Crime and Research Lab to integrate Entersect Police Online as a training tool for its law enforcement curricula. Additionally, Certifion has applied for authorization to sell to U.S. federal government agencies under the General Services Administration (GSA) schedule, which would open the market to sell to larger organizations and capture contracts among a broad range of U.S. federal agencies. To support this aggressive growth, Entersect appointed two U.S. military veterans to its government sales force. Worldwide Information is deploying an Intranet platform that expands its CD-ROM business into customized solutions for state departments, including a recent contract with New Hampshire's Department of Motor Vehicles. LocatePLUS(TM) took the lead on a state-funded pilot project with the Commonwealth of Massachusetts to help track down roughly 4,700 sex offenders by accessing our investigative database. Other state departments across the nation have expressed an interest in implementing a similar program. The subsidiary also launched the Common Residence Finder as a pay-per- click option to our exclusive law enforcement platform LPPolice.com. On the wireless front, we joined Research in Motion's BlackBerry(R) ISV Alliance Program to remain at the forefront of wireless communications in the field. Our channel partnership pipeline remains strong, with a recent customer win with MyPublicInfo. MyPublicInfo empowers consumers to perform their own background checks and helps detect and prevent identity theft with state-of- the-art, easily accessible online tools and information. Our subsidiaries have created a vertically integrated company that exceedingly contributes to record-breaking revenues in profitable business segments. For the six months ended June 30, 2005, we reported revenues of $5,659,780, an increase of 119% compared to revenues of $2,586,197 for the first six months of 2004. Our online customer base now exceeds 20,000 active members, driving online revenues up 64% to $3,056,640 for the first six months of 2005 compared to $1,860,777 for the same period one year ago. Channel partnership revenues, our highest margin business, posted the most growth, with revenues of $1,858,602 for the first six months of 2005, up 394% from $376,198 in the first six months of 2004. As our revenues continue to grow, we expect to continue our quarterly growth trend of being EBITDA positive and targeting bottom-line profitability. As our business continues on an accelerated path of growth, we look forward to updating you in the near future with those developments that can positively impact shareholder value. As always, we thank you for your interest and support in LocatePLUS. Sincerely, Jon Latorella LocatePLUS CEO 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. 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 of OTC Financial Network, +1- 781-444-6100 ext. 625, Web site: http://www.locateplus.com/

Copyright