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LoJack Reports Per Share Income for Second Quarter

5 October 2000

LoJack Reports a 36% Increase in Per Share Income for Second Quarter

    DEDHAM, Mass., Oct. 5 LoJack Corporation
announced today that for the second quarter ended August 31, 2000 (fiscal
2001) revenues were $26,317,000, an increase of 9% over revenues of
$24,085,000 for the same period a year ago.  Net income was $3,162,000, or
$.19 per diluted share, compared to $2,521,000, or $.14 per diluted share, for
the same period a year ago, a gain of 36%.  Net income for the second quarter
ended August 31, 1999 included a net after-tax gain due to the sale of
marketable securities of $.01 per diluted share.
    Revenues for the six months ended August 31, 2000 were $50,632,000, a
9% increase over revenues of $46,586,000 for the same period a year ago.  Net
income was $5,673,000, or $.34 per diluted share, for the first six months of
fiscal 2001, compared to $4,766,000, or $.26 per diluted share, for the first
six months of fiscal 2000, a gain of 31%.  Net income for the six months ended
August 31, 1999 included the aforementioned net gain after taxes.
    Contributing to the increase in revenues in the second quarter of fiscal
2001 was an 11% increase in the sale of LoJack Units in domestic markets and a
32% increase in revenues from product sales and fees pursuant to license
agreements for the company's technology in international markets.  For the six
months ended August 31, 2000, the sale of LoJack Units in domestic markets
increased by 8% and revenues related to international markets increased by
46%.
    In making the announcement, C. Michael Daley, chairman, said, "We are
pleased with the 36% growth in our diluted earnings per share for the second
quarter.  This performance was the result of an increased rate of growth in
the domestic business over the first quarter as well as the continued growth
in our international business segment".
    "For the second quarter, the domestic sale of LoJack Units set a new
record for the company.  As in the first quarter, the domestic growth was the
result of several factors -- a strong showing in our Texas and Arizona markets
and a solid start in our California expansion to the Oakland/Bay Area with
continued growth and improvement in our commercial business.  Additionally, we
experienced growth in several of our more established markets, particularly
Southern California.  We estimate that we should continue to increase our
domestic growth rate for the balance of the year through our push into new
geographic markets, continued growth in the commercial business, and by
increasing both the number of dealers selling and improving our penetration
levels in existing dealers."
    "The growth in revenues in our international business segment was led by
strong sales to our South African and South American Licensees.  These sales
were partially offset by a decrease in non-recurring revenues.  We expect that
our international business will continue to show strong growth in revenues for
the balance of the fiscal year."
    "We continued to repurchase shares under the buyback program during the
second quarter of fiscal 2001.  As of September 29, 2000 total shares
repurchased since inception of the program was 6,693,100 shares.  Our strategy
is to repurchase shares as they become available at price levels we believe
represent a good investment opportunity for the company."
    
                              LoJack Corporation
                      Consolidated Financial Information
                                 (Unaudited)

                                                Three Months Ended August 31,
                                                      2000           1999

    Revenues                                     $26,317,000    $24,085,000
    Operating Income                               5,060,000      3,746,000
    Pre-tax Income                                 5,183,000      4,133,000

    Net Income                                     3,162,000      2,521,000
    Diluted Earnings Per Share                          $.19           $.14
    Weighted Average Number
     Of Shares Outstanding                        16,773,000     17,898,000


                                                 Six Months Ended August 31,
                                                      1999          2000

    Revenues                                     $50,632,000    $46,586,000
    Operating Income                               9,098,000      7,343,000
    Pre-tax Income                                 9,300,000      7,812,000

    Net Income                                     5,673,000      4,766,000
    Diluted Earnings Per Share                          $.34           $.26
    Weighted Average Number
     Of Shares Outstanding                        16,782,000     18,028,000

    Note:  This news release and other corporate information may be reviewed
on LoJack's website: http://www.lojack.com.