LoJack Reports Delay in Issuing Final Fiscal 2001 Results

    DEDHAM, Mass., May 11 LoJack Corporation
reported today that it will delay the announcement of its results for its
fiscal year ended February 28, 2001.  This action is a result of a routine
review of the Company's Form 10-K for the year ended February 28, 2000.
LoJack is in discussions with the staff of the Division of Corporation Finance
of the Securities and Exchange Commission ("SEC") regarding the Company's
accounting policies for revenue recognition in light of the recently issued
guidance in Staff Accounting Bulletin No. 101 ("SAB 101"), "Revenue
Recognition in Financial Statements".  In certain circumstances SAB 101
requires deferred recognition of all or a portion of sales revenue.  As the
Company announced on April 4, 2001, in accordance with guidance provided in
SAB 101, it will recognize revenue relating to up-front license fees paid by
international licensees over the initial terms of the related license
agreements (generally 10 years).
    The discussions currently revolve around interpretation of revenue
recognition for domestic product sales in light of the guidance provided in
SAB 101.  Any change in revenue recognition policies would affect reported
revenues for the year ended February 28, 2001 and the quarters within that
year.  However, such changes will not affect the company's cash flow or its
fundamentally sound financial position.

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