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LOJACK CORPORATION REPORTS THIRD QUARTER NET INCOME OF $.11 PER SHARE ON REVENUES OF $24,352,000

Dedham, MA, Jan. 10 - LoJack Corporation, (NASDAQ NMS: "LOJN") announced today that third quarter ended November 30, 2000 (fiscal 2001) revenues were $24,352,000, an increase of 10% over revenues of $22,168,000 for the same period a year ago. Net income was $1,753,000, or $.11 per diluted share, compared to $2,505,000, or $.15 per diluted share, for the same period a year ago.

Revenues for the nine months ended November 30, 2000 were $74,984,000, a 9% increase over revenues of $68,754,000 for the same period a year ago. Net income was $7,425,000, or $.44 per diluted share, for the first nine months of fiscal 2001, compared to $7,271,000, or $.41 per diluted share, for the first nine months of fiscal 2000.

The increase in revenues in the third quarter of fiscal 2001 of $2,183,000 included a 1% increase in domestic revenue over the same period a year ago and a 78% increase in international revenue. For the nine months ended November 30, 2000, domestic revenues increased by $1,981,000, or 3%, over the same period a year ago, and international revenue increased $4,249,000, or 57%.

In announcing the results, Joseph F. Abely, president, said, "Domestic revenue in the third quarter was impacted by the sudden, unanticipated decline in U.S. car sales during the period. International revenue growth of 78% during the quarter, compared to a year earlier, was driven by a growing base of recurring sales of product to international licensees, particularly in South Africa and South America. We expect that our international business will continue to show strong growth in revenues during the fourth quarter of fiscal 2001.

"In addition to the downturn in new car sales, earnings were impacted by our continued investment in new markets, new product development, customer service and advertising; all critical elements in maintaining our strong franchise and market position.

"As part of our ongoing strategy to buy back shares under our stock repurchase program, the Board of Directors has recently authorized an increase of 2,000,000 shares that the company may repurchase, based on price levels that provide a sound investment opportunity for the company."

Incoming Chief Executive Officer, Ronald Rossi, said, "Over the next 12 months we will continue with our domestic and international expansion, as well as providing value added upgrades to existing products and introducing new product technologies. Our confidence in our long-term growth strategy is reflected by the company's aggressive share buyback program."

The foregoing statements concerning expectations for the balance of the fiscal 2001 and thereafter are forward-looking statements which involve a number of risks and uncertainties which could cause actual results to differ from those projected. Such risks and uncertainties include, without limitation, matters affecting the sales of automobiles, and the state of the domestic economy and foreign economies in general, as well as matters affecting the company, such as timing of commencement of operations of new markets and the success and financial condition of the company's new and existing foreign licensees, the results of the company's domestic markets, and other factors which are listed in Exhibit 99 to the company's Annual Report on Form 10-K for the fiscal year ended February 29, 2000.

LoJack Corporation

Condensed Financial Information
(Unaudited)

Contact:
Joseph F. Abely, President
(781)326-4700

John Swanson
Swanson Communications, Inc.
(212) 683-4890