-- Enters into Channel Partnership with Metro Risk Management Group, LLC --
BEVERLY, Mass., July 29 /PRNewswire-FirstCall/ -- LocatePLUS Holdings
Corp. (OTC Bulletin Board: LPLHA, LPLHB, LPLHW), an industry-leading provider
of business-to-business and business-to-government investigative solutions,
announced today that it has signed a channel partnership agreement with Metro
Risk Management Group LLC, a privately-held international risk management
agency and developer of information verification systems. Metro Risk is also
an exclusive distributor of the VeriChip(TM), the world's first subdermal,
radio frequency identification (RFID) microchip that can be used in a variety
of security, financial, emergency identification and other applications.
Under the first phase of the partnership, Metro Risk will offer its client
base of private investigators, attorneys and law enforcement groups unlimited
searches on identity validation using LocatePLUS' database. In the second
phase of the partnership, LocatePLUS' database will be used to verify
individuals applying for VeriChip when introduced in the U.S. MetroRisk
currently distributes VeriChip for financial and security solutions in Latin
America and Europe. The use of VeriChip by financial institutions can reduce
credit card fraud and identity theft caused by lost or stolen debit/credit
cards and account sharing.
Metro Risk Management Group Vice President of Marketing Silvia Guerrero
stated, "This partnership will permit Metro Risk to offer a more complete and
versatile service to our clients as well as assist in the verification process
of VeriChip users for our state-of-the-art biometric security and financial
solutions. We look forward to a mutually-beneficial and long-term
relationship with LocatePLUS."
LocatePLUS CEO Jon Latorella stated, "As a global, e-intelligence solution
provider, Metro Risk complements LocatePLUS' growth strategy to supply the
nation with the latest counter-terrorism and identity theft solutions.
Through this partnership, we can immediately expand our customer base and
increase revenues. We are also very excited to be chosen to supply identity
validation solutions for MetroRisk's planned U.S. market penetration of
VeriChip. This represents a significant new milestone for us in servicing the
biometrics sector."
About Metro Risk Management Group, LLC
Metro Risk Management Group is an international risk management agency and
developer of information verification systems, http://www.metroprobe.com,
headquartered in Miami, Florida with twelve offices worldwide. The firm was
founded in 1998 to serve the needs of multinational corporations, financial
institutions and government agencies in security and investigative matters.
For more information, visit http://www.metroriskmg.com.
About LocatePLUS
LocatePLUS is an industry-leading provider 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' customer base exceeds 15,000 members,
including over 2,000 law enforcement agencies, as well as many major police
departments across the country. Clients include many of the nation's leading
agencies, such as 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 and the nation's leading recruitment website.
Based on the 2000 United States Census figures and Company estimates,
LocatePLUS has information on nearly 98% of the adult population and data
entries relating to approximately 205 million individuals in the United States
- maintained in one of the largest and most comprehensive XML data sources of
its kind, capable of national delivery. 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 Gary Geraci, OTC Financial Network
978-921-2727 (x124) 781-444-6100 (x629)
jfields@locateplus.com garyg@otcfn.com
At Metro Risk Management Group, LLC:
Silvia Guerrero
305-864-1722
s.guerrero@metroriskmg.com
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