Company Overview

Location Based Technologies, Inc. (OTC: LBAS) is a U.S.-based technology company focused on personal location tracking, connected safety devices, and mobile communication solutions. The company operates within the broader telematics, Internet of Things (IoT), and personal safety technology industries, developing products and subscription-based services that enable real-time GPS tracking, monitoring, and communication for consumers and enterprise users. Its offerings have historically targeted family safety, child monitoring, senior care, workforce visibility, and asset tracking applications.

The company’s primary revenue drivers have included sales of GPS-enabled devices and recurring service revenues tied to tracking subscriptions and monitoring platforms. LBAS is best known for its “PocketFinder” technology platform and related tracking applications that allow users to monitor people, vehicles, or assets through mobile and web-based interfaces. The company evolved from earlier location-tracking initiatives into a broader connected-device and software services model, seeking to capitalize on growing demand for mobile safety and IoT-enabled monitoring solutions.

Business Operations

LBAS conducts operations primarily through its location-aware technology platforms, device management systems, and subscription-based monitoring services. Its core business activities include the development, marketing, and support of GPS tracking devices, cloud-based software applications, and communication platforms used for real-time monitoring and alerts. Revenue generation has historically depended on a combination of hardware sales, licensing arrangements, recurring subscription fees, and strategic distribution relationships.

The company’s operations have primarily been concentrated in the United States, though its products and services have had applicability in international consumer and commercial markets through online distribution and channel partnerships. Key operating assets include proprietary tracking software, mobile applications, cloud infrastructure, and device integration technologies. Public filings and company disclosures indicate that LBAS has pursued relationships with telecommunications providers, distribution partners, and manufacturing vendors to support product deployment and scalability.

Strategic Position & Investments

LBAS has positioned itself within the expanding connected-device and personal safety ecosystem, emphasizing scalable recurring-service revenue tied to GPS monitoring and IoT connectivity. Strategic initiatives have included expanding software functionality, improving device reliability, and increasing integration with mobile applications and cloud-based monitoring systems. The company has also explored opportunities related to workforce management, asset tracking, and broader IoT-enabled safety solutions.

Historically, LBAS has pursued acquisitions, licensing arrangements, and technology partnerships intended to strengthen its product portfolio and market reach. Public disclosures have referenced investments in product development and platform enhancements designed to support subscription growth and improve user engagement. While the company remains comparatively small relative to larger telematics competitors, its strategic focus has centered on niche consumer and safety-oriented tracking applications where specialized monitoring functionality may provide differentiation.

Geographic Footprint

Location Based Technologies, Inc. is headquartered in the United States, with operations and market activity primarily concentrated in North America. The company’s products have been marketed to both domestic consumers and commercial users through direct sales channels, online platforms, and distribution relationships. Public information indicates that the company’s operational infrastructure, management, and technology development activities have largely remained U.S.-based.

Although LBAS does not maintain the same international footprint as major global telematics providers, its GPS-enabled and cloud-connected technologies have supported potential use across multiple regions through mobile network compatibility and web-based service access. The company’s strategic market presence has historically focused on consumer safety and tracking solutions rather than large-scale international industrial deployments.

Leadership & Governance

Location Based Technologies, Inc. has been led by executives with backgrounds in telecommunications, technology commercialization, software development, and connected-device services. Corporate governance and operational strategy have emphasized product commercialization, recurring subscription growth, and expansion of connected safety technologies. Leadership communications in public filings have consistently focused on monetizing proprietary tracking technologies and strengthening long-term service revenue opportunities.

Key executives and leadership figures associated with the company have included:

• Dave Morse – Chairman and Chief Executive Officer
• Robert A. Christiansen – Chief Financial Officer
• William J. Reuschel – Director
• James W. Riesenberg – Director

Information regarding executive appointments and governance structure has varied over time across public disclosures and filings. Data inconclusive based on available public sources regarding certain historical leadership transitions and current board composition.