BEIJING, Sept. 9 /PRNewswire-FirstCall/ - MonArc Corporation www.monacorporation.com (Pink Sheets: MONA - News) is pleased to announce that it has identified a Frankfurt based public company interested in acquiring both the PP365.com and Innotrek subsidiaries from MonArc. Based on initial negotiations, the spin-off will probably be structured as a sale of assets.
PP365.com is also pleased to announce that over a dozen gaming website operators have expressed interest in an affiliate program to promote the Company's new multi-player role playing fighting game. Some of these game operators include well-known Chinese companies such as Shanda, PWRD, Smooth Yu Huaxia. These game operators will receive a commission on all gaming revenue they generate by linking players to PP365.com's gaming website.
In other Company news, management is pleased to announce that the transcript of a recent interview by Trader's Nation can now be viewed on its corporate website; www.monacorporation.com. The interview provides important analysis of the Company's business model moving forward.
MonArc CEO, Mr Yong Chan advises; "This split-off opportunity has come a little earlier than planned. We had anticipated that we would need to do a fair bit more work before they would be ready to spin-off. However, the Frankfurt based company is interested in acquiring them immediately.
"We feel it is prudent to take advantage of this opportunity, in order to free up a significant amount of management resources to concentrate on larger, more mature companies in line with our new business model.
"Additional news on this front will be forthcoming shortly".
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain forward information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
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