Location Based Technologies, Inc. (OTCBB:LBAS) announced today that it will reconvene its annual shareholder meeting at 1pm (Pacific) on Monday, September 16, 2013, provided a quorum is present. To achieve a quorum, a majority of shareholders who owned shares as of June 27, 2013 must vote their proxy ballots.

Shareholders who have not yet voted can contact their broker to receive a proxy ballot and control number. The control number will also be used to logon to the shareholder meeting via the web.

Shareholders who own physical stock certificates can receive control numbers and proxy ballots by contacting LBT at info@pocketfinder.com.

The meeting will be held virtually and shareholders can participate by logging onto www.virtualshareholdermeeting.com/lbas13 or by dialing 412-858-8600.

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.

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