BEIJING, Sept. 2 /PRNewswire-FirstCall/ - MonArc Corporation www.monacorporation.com (Pink Sheets: MONA - News) is pleased to provide this corporate update to its shareholders and followers. The issuer is in the process of liquidating certain assets, and operating subsidiaries to 2 or possibly 3 different buyers.
Once the aforementioned sale of assets transaction is completed MONA would itself be bought out on all cash basis by a Chinese based Direct Marketing Company MCD. MCD intends to fully complete the Corporate Compliance to achieve a solicited issuer status. MCD is also desirous to add its 7,000 plus current shareholder base to MONA.
In the unlikely event for whatever reason this Corporate Compliance threshold cannot be met then the issuer intends to amend its corporate resolution to become a USA based Special Purpose Acquisition Company (SPAC).
One of the unique characteristics that MONA can offer is a constant dividend to its shareholders in all of these various China based companies.
The issuer has filed a comprehensive Corporate Update Filing on Pink Sheets, which can be viewed by visiting this link directly:
http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=16945
MONA management believes that it is an excellent candidate to be a SPAC Company. With these aforementioned asset sales and spin outs it would represent 3 separate dividend payouts in 2008 for the issuer.
The common shares of the Company are currently listed in the USA (symbol MONA) and the Frankfurt Stock Exchange (Xe:GZWM)
CONTACT: corporate@monacorporation.com
Safe Harbour Statement
Safe Harbour statement under the Private Securities Litigation Reform Act of 1995: Certain 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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