Aprecia, Inc. (the Company) was
incorporated on December 15, 2005 under the laws of the State of Delaware.
The Company originally intended to become a
leading edge provider of applied artificial intelligence solutions for thoroughbred and lottery applications through the development
of MonitorPlus, an analysis tool designed to help the thoroughbred racing and lottery industry by providing alerts when potential
wagering fraud or money laundering is detected. The Company intended to generate revenue through (i) the licensing of our technology
to parties engaged in the regulation of the thoroughbred racing industry, and (ii) the licensing of our technology to third parties
which were expected to develop and sell specifically tailored software solutions for customers based on its technology. However,
the Company was unable to enter into any meaningful agreement for the sale or license of its technology. The Company
had planned to introduce MonitorPlus to the thoroughbred industry as an entry point into the marketplace, and then planned to develop
complementary products based on MonitorPlus. However, the Company was unable to do either, and as a result, the Company substantially
curtailed its operations.
Following a reassessment of its business goals
and objectives, the Company's Board of Directors concluded that shareholder value would be better enhanced by either a sale of
the Company or an acquisition of a business enterprise rather than the continuation of its efforts to commercialize the MonitorPlus
products. Consequently, in fiscal 2008 its management was authorized to cease the development of its applied artificial intelligence
solutions and develop a business strategy to either sell the Company or acquire a business enterprise instead. The Company
has not yet been able to consummate either objective.
The Company is currently inactive.