BEIJING, China, April 16 /PRNewswire-FirstCall/ - MonArc
Corporation (MONA.PK; www.monacorporation.com) This is a brief
summary announcement from the management of MONA Corporation.
The company is mindful that the updates have been irregular, and
choppy, meaning few and far in between. The company is alive and
well. MONA has been operating its various business ventures in
China. These ventures and
opportunities have become successful with a wide market appeal.
The company currently operates 3 subsidiaries in China and 1 in North
America. These are the corporate domains.
www.eeglobalweb.com (N.America) and China www.410bz.com www.518d.net www.f698.com,
http://ezf.518d.net, http://aurivoila.518d.net. EE Global is in the
process of relocating from Toronto
to Tampa, FL. There are some
pending USA transactions and a
presence in USA would greatly add to the company being able to
close those transactions.
A company spokesperson stated, "We have received inquiries as to
why we never participated in the April
9 Business Expo and Shareholder Conference hosted by Mina
Mar Group. The reason is that we were never invited as we
understand only public client companies of Mina Mar Group
participate in that event. While we do seek consulting advice with
them from time to time, and apart from us receiving updates from
them re various slander lawsuits, being lobbied to rescind our
previously announced reverse split; that is the extent of the
relationship.
The company went through an operational reorganization in the
past couple of months, with the acquisition of the China based operations from GoIp Global, which
has breathed new life in MONA and the management willingness to
report back to its followers. We have assessed our priorities and
the company is back at work, seeking to bring MONA back on the
boards, the spotlight and to give shareholders what they deserve -
the value of a solid, strong company. We are currently assessing a
number of solid business proposals and we see some with a true
potential to grow. A couple of new acquisitions and new business
opportunities are in our pipeline of our China operations now, China's economy is back to the full recovery
mode now, we can't wait to get back on that board and down to
business."
Safe Harbor Statement
Information in this news release may contain statements about
future expectations, plans, prospects or performance of MonArc
Corporation that constitute forward-looking statements for purposes
of the Safe Harbor Provisions under the Private Securities
Litigation Reform Act of 1995. The words or phrases "can be",
"expects", "may affect", "believed", "estimate", "project" and
similar words and phrases are intended to identify such
forward-looking statements. MonArc Corporation cautions you that
any forward-looking information provided by or on behalf of MonArc
Corporation is not a guarantee of future performance. None of the
information in this press release constitutes or is intended as an
offer to sell securities or investment advice of any kind. MonArc
Corporation's actual results may differ materially from those
anticipated in such forward-looking statements as a result of
various important factors, some of which are beyond MonArc
Corporation's control. In addition to those discussed in MonArc
Corporation's press releases, public filings, and statements by
MonArc Corporation's management, including, but not limited to,
MonArc Corporation's estimate of the sufficiency of its existing
capital resources, MonArc Corporation's ability to raise additional
capital to fund future operations, MonArc Corporation's ability to
repay its existing indebtedness, the uncertainties involved in
estimating market opportunities, and in identifying contracts which
match MonArc Corporation's capability to be awarded contracts. All
such forward-looking statements are current only as of the date on
which such statements were made. MonArc Corporation does not
undertake any obligation to publicly update any forward-looking
statement to reflect events or circumstances after the date on
which any such statement is made or to reflect the occurrence of
unanticipated events.
CONTACT: corporate@monacorporation.com
SOURCE MonArc Corporation (MONA)