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LBAS
Location Based Technologies, Inc.

Common Stock

0.0037

0.00

0.00%

0.0032 / 0.0038 (1 x 1)

Real-Time Best Bid & Ask: 09:30am 07/18/2025
Delayed (15 Min) Trade Data: 12:00am 07/17/2025

Location Based Technologies, Inc.

7545 Irvine Center Drive

Suite 200

Irvine, CA 92618

Business Description
Location Based Technologies is a company dedicated to improving the lives of others by linking people together through GPS and cellular technologies. We innovate, partner to develop and manufacture GPS location devices and technology that helps businesses and families stay connected with their valued assets, people, and other mobile things you care about most in life.
Financial Reporting
Reporting Status
Alternative Reporting Standard
Audited Financials
Unaudited
CIK
0001383196
Fiscal Year End
8/31
Company Officers & Contacts
Jon Douglas Rains
CEO

Richard Perry
President

Board of Directors
Greggory Haugen

Mr. Haugen was elected as the lead director in October 2011. He has been an active financier since 1990, leading teams investing over $5 billion in various companies and portfolios of distressed consumer, real estate and residential assets in the U.S. and internationally. Mr. Haugen was a founding Senior Partner of CarVal Investors, a Value Fund with more than $10 billion in assets under management when he left in 2008. Since that time, Mr. Haugen has invested in and provided consulting advice to several early stage companies, including the company. Mr. Haugen previously served on the Board of Capital Partners Funding Group, Inc., a U.S. business and financial consulting company whose mission is to provide clients with long term capital funding solutions using very sophisticated financial programs that utilize various tax advantaged insurance products. Mr. Haugen received his Masters of Management from the J.L Kellogg Graduate School of Management at Northwestern University in 1990 with concentrations in Finance, Marketing, International Business and Organizational Behavior. Prior to graduate school, Mr. Haugen was a Senior Accountant with KPMG Peat Marwick in Minneapolis after obtaining his Bachelor of Science in Business Administration at Boston University in 1985.

Desiree Mejia
Independent Director

Mrs. Mejia has served as a member of the board since the inception of Location Based Technologies in 2005 and is a co-founder of the company. Mrs. Mejia is currently serving as the Chief Operating Officer for SkyBell, Inc., a leading-edge provider and creator of video doorbells and other security technology. As a co-founder of LBT, Mrs. Mejia developed the PocketFinder concept after realizing that a true need exists to see your children even when you can't be with them. With co-founder Joseph Scalisi, Mrs. Mejia took the concept of using a GSM/GPRS tracking platform, combining it with a mapping service and creating a revolutionary tracking system to the next step of reality. Thus, the PocketFinder system was born. Previously, Mrs. Mejia performed as an operations manager and gained experience working with venture capital firms to help raise funds for the technology sector. She also consulted with a wireless manufacturing company to assist with the launch of a new wireless device. Prior to this, Mrs. Mejia worked with Deloitte and Touche, LLP where she specialized in the technology and telecommunications field. Previously, Mrs. Mejia acted as the head researcher and assistant to the Chairman at MESA Research, whose clients included AT&T, Motorola, Nortel, 3Com and Phillips. Mrs. Mejia has a Bachelor of Arts degree in Sociology from California State University, Dominguez Hills, California.

Other Company Insiders

None

Other Company Insiders are all persons or entities beneficially owning 10% or more of any class of the issuer's securities. Together, officers, directors and other company insiders comprise Company Insiders.
Service Providers
Securities Counsel
TonKon Torp LLP

888 SW 5th Ave

Suite 1600

Portland, OR 97204

Profile Data
SIC - Industry Classification
3812 - Search and navigation equipment
Incorporation Information
NV, US, 2007
Employees
5 as of 05/21/2024
Shell
No
Products and Services

Founded in 2005 with Headquarters in Irvine, CA, Location Based Technologies Inc. (LBT) (OTCPink:LBAS) is a leading-edge service provider of Commercial vehicle, asset and personnel tracking devices along with Consumer vehicle, child/elderly and pet tracking solutions. A primary focus of the Company has been on intellectual property which resulted in the Company’s 28 issued patents. We have partnered with the best-in-class service providers such as Rackspace for data services, AT&T for our USA network provider, Google for our mapping, Twilio for messaging services and FuseBill/STAXbill as our subscription billing service. Our newest vehicle tracking devices operate on AT&T’s network and are provided by ATrack Technology Inc. out of Taipei City, Taiwan. LBAS products help individuals to enhance their safety and help companies enhance the safety of employees and to achieve their goals to cut greenhouse gas emissions by minimizing out-of-route mileage, high speed driving, long idle times and allowing for better routing logistics of people and vehicles. With any of our devices you can know where your trackers are from anywhere (with Internet connection) and at any time - right from a smart phone or computer!

Company Facilities

LBT does not own any properties or facilities. Since COVID 19 all employees have worked virtually from their homes. We rent space through Regus at our corporate address of 7545 Irvine Center Dr, Suite 200, Irvine, CA 92618.

Company Notes
Formerly=Springbank Resources, Inc. until 10-07
The Pink Limited Market is for broker-dealers to publicly quote securities with limited to no issuer involvement. Pink Limited companies do not certify their compliance with established reporting standards, have limited availability of disclosure or financial information and may not support their U.S. market. These securities are identified with a yield sign to warn investors to proceed with caution.
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Pink Limited Information
The Company Profile data was verified by the issuer within the previous 6 months.
The company’s transfer agent has verified its outstanding shares directly to OTC Markets.
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