On April 9, 2014 Location Based Technologies, Inc. announced it has hired a new CFO, Gregory Andrews to provide CFO services for the company, on an independent contracting basis. Mr. Andrews was the managing director for the investment banking firm Monarch Bay Securities, LLC, where he obtained financing commitments totaling $1 Billion dollars. Prior to that he was the CFO of Traffic Safety Corporation, where he integrated seven acquired operating companies into a single reporting unit for a private equity group, an investment platform which had $75 million in revenue.

The services shall begin on April 2, 2014 and end on April 1, 2015.