BEIJING, Sept. 11 /PRNewswire-FirstCall/ - MonArc Corporation www.monacorporation.com (Pink Sheets: MONA - News) is pleased to announce that its 365PP.com subsidiary in China has reported growing revenues since the launch of its "3guogame" online multi-player game.
Having gone live on July 25th, its first month of revenue surpassed 300,000 RMB. This was achieved despite the interest in the Beijing Olympic Games, and the fact that regular Internet access was limited due to the dedication of significant Internet infrastructure to provide streaming coverage of the games.
The division expects that with the closing of the Olympic Games, gamers will return online in greater numbers. The division expects dramatic organic growth as its player base expands, coupled with the introduction of affiliation agreements that are being put in place with other major gaming portals to advertise PP365.com online games.
In other Company news, Company representatives are on the ground in China, and will be continuing talks with Chuguan Industry Co. Ltd. regarding contract details to acquire the company as previously announced.
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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