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LOJACK CORPORATION REPORTS FOURTH QUARTER EARNINGS OF $.11 PER SHARE ON REVENUES OF $21,404,000; $.52 PER SHARE ON $90,159,000 IN REVENUES FOR FISCAL 2000

Dedham, MA, April 19-LoJack Corporation, (NASDAQ NMS: "LOJN") reported today that for the fourth quarter ended February 29, 2000 (fiscal 2000) revenues were $21,404,000, a 6% increase over fourth quarter revenues of $20,272,000 in fiscal 1999. Net income was $1,810,000, or $.11 per diluted share, for the fourth quarter of fiscal 2000, compared to $2,444,000, or $.13 per diluted share, for the same period a year ago.

For the year ended February 29, 2000, revenues were $90,159,000, an 8% increase over revenues of $83,210,000 for a year earlier. Net income was $9,081,000, or $.52 per diluted share, for fiscal 2000, compared to $11,008,000, or $.57 per diluted share, for fiscal 1999. Net income for the year ended February 29, 2000 included a gain on the sale of marketable securities, which was partially offset by a charge related to the financial difficulties of a licensee, resulting in a net gain of $.01 per diluted share after taxes. Net income for fiscal 1999 included a gain on the sale of marketable securities of $.03 per diluted share, after taxes.

The increase in revenues for the fourth quarter of fiscal 2000 of $1,132,000 reflected a $1,898,000, or 11%, increase in domestic revenues and a $766,000, or 24%, decrease in revenues from product sales and licensing fees pursuant to license agreements for the company's technology in international markets. The increase in revenues for the year ended February 29, 2000 of $6,949,000 reflected a $7,846,000 or 11% increase in domestic revenues and a $897,000, or 8%, decrease in international revenues.

In announcing the results, C. Michael Daley, chairman, said, "Domestic revenue growth of 11% during the fourth quarter of fiscal 2000, compared to a year earlier, was driven by a 16% increase in LoJack Units sold. International revenues decreased by $766,000, or 24%, during the fourth quarter of fiscal 2000 compared to a year earlier. The decrease in international revenues was the result of delays in orders due to economic and political uncertainties in several countries.

"We continue to be pleased by the growth in our domestic business, particularly within the larger dealer groups. We expect this growth rate in our existing markets to carry forward into our new fiscal year. In addition, we commenced selling in the San Francisco and San Jose areas at the end of March.

"With respect to our stock buyback program we did not repurchase any shares during the fourth quarter of fiscal 2000. As of April 19, 2000 total shares repurchased was 6,393,600 shares."

From time to time, information provided by the Company or statements made by its employees may contain "forward-looking" information, which involves risk and uncertainties. Any statements in this release and accompanying materials that are not statements of historical fact are forward-looking statements (including, but not limited to, statements concerning the characteristics and growth of the Company's markets, ability to compete in new markets, new product potential and plans for future operations and products and the Company's expected liquidity and capital resources). Such forward-looking statements are based on a number of assumptions and involve a number of risks and uncertainties, and accordingly, actual results could differ materially.

Factors that may cause such differences include, but are not limited to: the continued and future acceptance of the Company's products and services, increases or decreases in new vehicle sales, the rate of growth in the industries of the Company's customers; the presence of competitors with greater technical, marketing, and financial resources; the Company's ability to promptly and effectively respond to technological change to meet evolving customer needs; capacity and supply constraints or difficulties; and the Company's ability to successfully expand its operations. For a further discussion of these and other significant factors to consider in connection with forward-looking statements concerning the Company, reference is made to Exhibit 99 of the Company’s Quarterly Report on Form 10-Q for the quarterly period ended August 31, 1999.

LoJack Corporation

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