AllPennyStocks.com News: Micro-Cap â??Findsâ? Its Way into Record Quarterly Revenue (LBAS.OB)

Companies mentioned in this article include Location Based
Technologies Inc. (OTCBB: LBAS).

Article Excerpt:

Big boys (and some girls) really love their toys; the role
technology plays in our daily existence is only getting bigger and reaches into
all areas of our lives. The latest example, it seems, concerns GPS and other
tracking devices, to help get our loved ones and our goods home, so that life
as we know it can continue. An eyebrow-raising example of a small company
making its mark by its excellence in manufacturing and selling such tracking
devices is Anaheim-based Location Based Technologies (OTCBB: LBAS).

Location "finds" itself the focus of this tale for its
jarring financial numbers, remarkable for a period of great prosperity, twice
as much so in the midst of a deep, harsh recession. The provider of personal,
pet and asset location devices announced in the third week of July financial
highlights for the last known quarter.

LBAS told the world revenues grew exponentially in the
three-month period ending with May, jumping to $553,000, an improvement of 675%
over the same period in 2008. Gross margins were 68.5%, up from 28.5% during
the previous quarter.

The full version of this article can be found at:

http://www.allpennystocks.com/aps_us/special_reports/040/Micro-Cap-"Finds"-It's-Way-into-Record-Quarterly-Revenue.htm

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