IRVINE, Calif.--(BUSINESS WIRE)--Location Based Technologies, Inc. (OTCBB:LBAS), a leading service provider of personal tracking GPS devices, announced today that it will be holding its annual shareholder meeting on Thursday, August 22, 2013. The meeting will be held virtually and shareholders can participate by logging onto www.virtualshareholdermeeting.com/lbas13 or dialing into 412-858-8600.
Nearly 90% of the votes received have come from registered shareholders, 11% from brokers and less than 1% from banks. We encourage all of our shareholders whose shares are held by a brokerage firm or bank to call and ask that their shares be voted as soon as possible; your bank or broker should be able to provide you with a control number and voting instructions. Those shareholders who own physical stock certificates can contact us at email@example.com to receive control numbers.
By law, the company must have more than 50% of its shares voted in order to hold its Shareholder’s Meeting. Should we not meet quorum levels we will postpone the Annual Shareholder’s meeting until Monday, September 16th.
About Location Based Technologies, Inc.
A publicly traded company, Location Based Technologies (OTCBB: LBAS) designs and builds dedicated GPS products and services that are affordable and easy to use. The Company’s consumer products are sold under the PocketFinder brand, and its commercial products are sold under the LBT brand. For more information, visit: www.pocketfinder.com or www.locationbasedtech.com.
PocketFinder and Location Based Technologies, Inc. are trademarks of Location Based Technologies, Inc. registered in the U.S. and other countries.
This news release contains forward-looking statements that involve risks and uncertainties. Actual results and outcomes may differ materially from those discussed or anticipated. For a more detailed discussion of these and associated risks, see the company's most recent document filed with the Securities and Exchange Commission.