LocatePLUS Announces Key Developments at Shareholder Meeting

    BEVERLY, Mass.--May 30, 2003--LocatePLUS Holdings Corp. (OTC BB: LPLHA), one of the fastest growing business-to-business and business-to-government providers of public information, announced today that at its shareholder meeting, held yesterday at its corporate offices in Beverly, Massachusetts, the Company announced it plans to unveil a new product enhancement next week, in addition to providing an update on its EMC technology-based data center in the near future.
    LocatePLUS CEO Jon Latorella stated, "We are rapidly emerging as a key industry player by providing today's most advanced electronic, on-demand search tools in the legal, financial and investigative communities. We continue to strengthen our infrastructure by utilizing an EMC data center, which will provide greater details about in an upcoming press release. Our technology product enhancements, one of which will be announced next week, should further increase our online customer base, which recently surpassed 12,000 active members. Revenues of our channel partnerships remain a focal point of our future growth as we look forward to a strong fiscal 2003."

    About LocatePLUS

    LocatePLUS is a provider of public information solutions and maintains an Internet-accessible database marketed to the business-to-business and business-to-government sector. The Company has secured more than 11,000 current subscribers in its comprehensive database of searchable and cross-referenced public information on nearly 98% of the adult population (based on 2000 United States Census figures) - including individuals' names and addresses, date of birth, social security numbers, prior residences, and in certain instances real estate holdings, recorded bankruptcies, liens, judgments, drivers' license information and motor vehicle records.
    According to estimates, LocatePLUS has 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- currently 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.