July 12, 2014 8:23 PM ET

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Company Overview of Locateplus Holdings Corp.

Company Overview

LocatePLUS Holdings Corporation completed the sale of its assets in January 2012 in connection with its ongoing Chapter 11 case in the U.S. Bankruptcy Court for the District of Massachusetts. Previously, the company provided various public and private data to business and credentialed clients in the United States. The company was founded in 1996 and is headquartered in Beverly, Massachusetts. On June 16, 2011, LocatePLUS Holdings Corporation, along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Massachusetts.

100 Cummings Center

Suite 235M

Beverly, MA 01915

United States

Founded in 1996

34 Employees

Phone:

978-921-2727

Fax:

978-524-8767

Key Executives for Locateplus Holdings Corp.

Locateplus Holdings Corp. does not have any Key Executives recorded.

Locateplus Holdings Corp. Key Developments

SEC Revokes Registration Of Securities Of Locateplus Holdings

The Securities and Exchange Commission (SEC) announced that Locateplus Holdings Corp. has agreed to settle charges it engaged in securities fraud from 2005 through 2007 by misleading investors about its funding and revenue in violation of the antifraud and reporting provisions of the federal securities laws. As part of the settlement, Locateplus Holdings Corp. consented to an administrative order which prevents it from selling its securities in the public market. Without admitting or denying the Commission’s allegations, Locateplus Holdings Corp. consented to the entry of a final judgment enjoining it from further violations of Section 17(a) of the Securities Act of 1933 and Sections 10(b), 13(a),13(b)(2)(A), 13(b)(2)(B), of the Securities Exchange Act of 1934 and Rules 10b-5, 12b-20, 13a-1, 13a-11, and 13a-13 there under. The proposed judgment, which is subject to court approval, will not impose monetary relief against Locateplus Holdings Corp. in light of its bankruptcy and financial condition. Locateplus Holdings Corp. also consented to an administrative order entered on July 30, 2012, in separate previously-instituted administrative proceedings, revoking the registration of its securities pursuant to Section 12(j) of the Exchange Act based upon its filing of certain materially deficient reports and its repeated failure to file other required periodic reports. As a result of that administrative order, Locateplus Holdings Corp.’s securities will no longer trade in the public markets.

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