Business Update Transcript from Location Based Technologies Inc.'s 2012 Annual Shareholder's Meeting is Available on the Company's Website

IRVINE, Calif.--(BUSINESS WIRE)--Location Based Technologies Inc. (OTCBB:LBAS) has posted a transcript of the business update portion of its 2012 Annual Shareholder’s Meeting on the Company’s website (www.locationbasedtech.com). The transcript can also be found at: (http://www.locationbasedtech.com/wp-content/uploads/2012/09/LBT-Annual-Meeting-Script-2012-Presentation-Only.pdf).

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.

About Location Based Technologies

A publicly traded company (OTCBB:LBAS), Location Based Technologies, headquartered in Irvine, CA, designs and develops leading-edge A-GPS location devices and customizable services that incorporate patented, proprietary technologies designed to enhance and enrich the way businesses and families interact globally. Visit the website, www.locationbasedtech.com, for more information on asset tracking solutions and www.pocketfinder.com for personal locator devices from PocketFinder.