1. A method of dynamically operating a locator device, comprising the steps of: a. defining a plurality of events where each of said events represents an operational status of said locator device; b. defining a plurality of triggers where each of said triggers is a dynamically configurable contemporaneously occurring combination of said events; c. defining a plurality of event profiles where each of said event profiles is a user-configurable dynamic association between i. one of said triggers; and ii. a dynamically configurable set of device commands; d. responding to a contemporaneously occurring subset of said events by evaluating said contemporaneously occurring subset of said events against said triggers of each of said event profiles; e. activating one of said event profiles by processing said set of device commands corresponding to said event profile whenever said contemporaneously occurring subset of said events corresponds to said trigger of said event profile; wherein said set of device commands changes a configuration parameter of said locator device.