Verizon To Begin LBS in 3rd Quarter

[Barry]

Verizon said they would begin offering Location Based Services (LBS) to their subscribers in the third quarter of this year. The carrier plans to launch with a series of BREW based applications developed with partners but branded with Verizon's name. The initial offering should include turn-by-turn directions, geofencing and other common LBS applications. Verizon will then open up the system and APIs to third-party developers, who can create LBS programs under their own brands. Nextel already offers similar applications, and Sprint has begun launch of LBS as well.

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