Any one looking at this? Does anyone else have any new news on this?
Posted by Homersbud on :
nah, there's nothing out there. the pos completed the r/s and got the new symbol. just gotta wait and see what this new company does....ie..prs, you know.
good luck!
Posted by stocktrader22 on :
wow 400%
Posted by BooDog on :
quote:Originally posted by boneyardjeep: Any one looking at this? Does anyone else have any new news on this?
Just waitin to see what they do next. Base is around .20 from the chart though anything can happen.
Posted by Incorrectlogin on :
Its all downhill really. They do a reverse split to 14m AS, then increase the AS to 950m. I see dilution coming...
Plus everyone who was buying at .0002 before the split will be selling, be stupid not to if they can sell around .60 per share. if...
Posted by gramlich on :
The funny thing is with the revenue they are going to encounter it is still a good buy;...
Posted by Homersbud on :
quote:Originally posted by Incorrectlogin: Its all downhill really. They do a reverse split to 14m AS, then increase the AS to 950m. I see dilution coming...
Plus everyone who was buying at .0002 before the split will be selling, be stupid not to if they can sell around .60 per share. if...
They increased the A/S already? lmao, complete pos.
Posted by Stockstar69 on :
Hmmm, Oversold this morning. Is it just the short termers taking profit?
Down to .15 - not bad for a company with 1600 stores.
Posted by Homersbud on :
quote:Originally posted by Stockstar69: Hmmm, Oversold this morning. Is it just the short termers taking profit?
Down to .15 - not bad for a company with 1600 stores.
Short term profit takers? There aren't any.
Down .53 cents, what a complete joke.
Posted by Incorrectlogin on :
quote:Originally posted by Homersbud:
quote:Originally posted by Stockstar69: Hmmm, Oversold this morning. Is it just the short termers taking profit?
Down to .15 - not bad for a company with 1600 stores.
Short term profit takers? There aren't any.
Down .53 cents, what a complete joke.
In all fairness, Goodlife has 1600 stores and is under a different symbol TLGP and is not MONA. I like the latest news though..."exploring the possibility of a forward stock split of 2-1 or 3-1"...lol. Go MONA.
Posted by boneyardjeep on :
so if you had efgo what do you have now? mona or tlgp?
Posted by Homersbud on :
quote:Originally posted by boneyardjeep: so if you had efgo what do you have now? mona or tlgp?
MONA
TORONTO, Feb. 12 /PRNewswire-FirstCall/ - MonArc Corporation announced today that it has been advised by the NASD that a new ticker symbol has been issued for MonArc. The new ticker symbol is now MONA, replacing the previous EFGO.
Posted by Stockstar69 on :
YEP! MONA.
Small trades take it down (172 shares this morning - can help but laugh).
Posted by Stockstar69 on :
NEWS February 20, 2008 - 10:58 AM EST
close Email this News Article Your Name Your Email Friend's Name Friend's Email Receive Copy: yes
MONA 0.09 -0.01
Today 5d 1m 3m 1y 5y 10y
Open Letter to MONA.PK Shareholders from Steen Elgaard CEO of MonArc Corp TORONTO, Feb. 20 /PRNewswire-FirstCall/ - I would like to take the opportunity to summarize the many changes that have taken place over the last few weeks.
Sale of Assets to TLGP Completed.
As most of our Shareholders are aware, Esprit Financial Group acquired Good Life China, and then sold all of its assets to TLGP (with the exception of the IFGX division). Good Life China dwarfed the run rate and income of Esprit at the time of the acquisition, and it was felt that the Company required a fully reporting pink sheet platform in order to access the capital markets needed to support the rapid growth of a much larger company. The sale created a win - win for all concerned.
The sale of Good Life/Esprit assets to TLGP was consummated on Friday, February 15th. We have been advised that Good Life China will be submitting the comprehensive information as defined in the Pink Sheets Guidelines for Adequate Current Information to achieve Pink Checkmark status, and that they have instructed their IR firm Mina Mar Group to assist them in that task.
We have every confidence that Good Life will prosper and continue the dramatic growth that has been achieved in the recent past. However, it should be noted that there are now two distinct companies, and my obligation is to grow MonArc and build value in our chosen business sector, which will be discussed in greater depth below.
We are in the process of creating a news section on our web site, similar to the Town Hall operated by Esprit and we will post further news and details of these transactions by this weekend February 23, 2008.
Continuing Operations
We have now completed the vend-in of Canden Financial Group, and are operating as MonArc Corporation with two divisions; MonArc Financial Services as a full service leasing company specializing in simple and fast equipment leasing and financing solutions for both vendors and end users. We expect to announce additional contracts for our leasing services in the near future.
Our IFGX division will continue as anticipated to opportunistically pursue mergers and acquisitions. We have several pending deals already, one left in the hopper from the previous management and 1 that I have been able to attract so far. I have also approached Mina Mar Group, and asked for back up assistance on a revenue sharing basis on these 2 pending deals. At this point, we are working with a Danish company seeking access to the public markets, and an Asian company that was left for us by the previous management. We hope to announce an LOI shortly.
Right now our primary line of business is Canden. Canden provides specialized financing and leasing packages with an emphasis on inventory control systems for licensed establishments. The Company is actively exploring the acquisition of Syscon Products Ltd., with whom Canden Financial Group has worked closely in the past. The combination of Canden and Syscon provide a compelling growth opportunity.
Syscon is in a rapidly growing market sector, addressing the hospitality industry. It has a broad line of products that are designed to provide tighter inventory control of liquor and beer served at licensed establishment. The cost-benefit analysis of these products show that licensed establishments can achieve surprising savings in their operations.
While companies such as AC Nielsen provide audit services for on premise consumption, Syscon provides a simple and easy to use solution that has an immediate impact on bottom line results.
We expect to grow the Company by focusing on fundamentals that will generate top line and bottom line growth. We have a strong business model, and a management team that has extensive experience and contacts in this key market niche.
I look forward to updating our shareholders again as the business continues to grow and the launch of the MonArc Town Hall.
About MonArc Corporation
Founded in 2007, MonArc Corporation is fast becoming one of the hospitality-industry's leading providers of asset based systems and financing corporations in North America. The company also operates a B2B division being a mergers and acquisitions division, which operates under the trade name (IFGX).
Safe Harbor Statement
Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to the ability to close transactions being contemplated, risks related to sales, continued acceptance of Esprit Financial GroupMonArc Corporation's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Esprit Financial GroupMonArc Corporation's periodic reports filed with the regulatory authorities.
SOURCE MonArc Corporation (MONA)
Posted by Stockstar69 on :
More News!
MonArc Corporation (MONA.PK) Signs Letter of Intent to Acquire Syscon Products Ltd.
TORONTO, Feb 21, 2008 /PRNewswire-FirstCall via COMTEX/ -- MonArc Corporation (MonArc) announced today that it has signed a Letter of Intent to acquire Syscon Products, Ltd. (Syscon). Steen Elgaard, CEO of MonArc, commented, "This is a very positive development, although it shouldn't come as a surprise to people familiar with our operations. Canden Financial Group, which was just recently acquired by MonArc, has a long standing relationship with Syscon. Simply put, Syscon distributes products related to the Hospitality industry that are at the cutting edge of Point of Sale inventory control systems."
Bar operations are a key profit center for licensed establishments. As reported by Food and Drink weekly in April 2007, on premise alcoholic beverage consumption is roughly a $16 billion dollar industry in the U.S. Syscon represents a comprehensive line of products that immediately begin contributing to the bottom line of its client base.
Elgaard added, "A lot of profit 'disappears' when bartenders 'over pour', spill or quietly pour a glass for a friend 'on the house'. Syscon products provide tight inventory control that addresses all of these issues. The results - clients report an average of a 20% increase in revenue from their beverage services once these products are installed. Increased profits of this magnitude are unheard of, and the ears of some very large and influential players in the Travel and Hospitality industry are starting to take notice."
The acquisition of Syscon will be funded with 3 million shares of restricted stock and options for another 3 million shares at a strike price of 0.10 cents a share based on certain pre-determined performance parameters. Additional details on the acquisition will be forthcoming on our corporate website in a fireside chat forum currently under construction.
About MonArc Corporation
Founded in 2007, MonArc Corporation is fast becoming one of the hospitality industry's leading providers of asset based systems and financing corporations in North America. The company also operates a B2B division being a mergers and acquisitions division, which operates under the trade name (IFGX).
About Syscon Products Ltd.
Syscon represents the manufacturers of some of the leading edge products for alcoholic beverage inventory control and monitoring systems for the hospitality industry. To find out more about Syscon, visit: www.sysconproducts.com. Posted by Stockstar69 on :
MonArc Plans All Stock Purchase Of Syscon Products 9:35 AM ET - Investrend
February 21, 2008 (FinancialWire) MonArc Corp. (OTC: MONA) has signed a letter of intent to acquire Syscon Products Ltd. The acquisition of Syscon will be funded with three million shares of restricted stock and options for another three million shares at a strike price of $0.10 cents a share based on certain pre-determined performance parameters.
Founded in 2007, MonArc Corporation is a provider of asset based systems and financing corporations in North America. The company also operates a B2B division being a mergers and acquisitions division, which operates under the trade name IFGX.
Syscon represents the manufacturers of some of the leading edge products for alcoholic beverage inventory control and monitoring systems for the hospitality industry.
Posted by Stockstar69 on :
All the press releases last week and this week it is quiet. Very quiet. Hmmm, only 1,300 shares traded so far.
?? Maybe nobody is selling ??
Posted by Stockstar69 on :
OK, another day. Let's see where we go!
Posted by Stockstar69 on :
Funny..up 50% (on 1,000 shares). :-O
Posted by Stockstar69 on :
TORONTO, March 4 /PRNewswire-FirstCall/ - MonArc Corporation is pleased to announce that its IFGX division has co-brokered its first deal of 2008, acting in concert with the Mina Mar Group as the operating partner.
In summary, Mina Mar introduced the Pink Sheet listed Company International Precious Minerals Group (IPMG pending symbol change), while IFGX introduced the operating Company WPSnet International (WPS), for the purpose of executing a reverse merger. WPS is a Danish based technology company providing advanced Content Management Systems (CMS) for mid to upper middle size companies.
Since 2001, WPSnet International has been among Europe's leading CMS companies, developing WPS - Web Publishing System(R) and it proprietary WPS - Web Publishing System(R). WPS is one of the only Content Management Systems available that can deliver multiple language versions of client websites as a standard option. WPSnet currently provides translation in Danish, Spanish, English, French, German, Chinese, Hungarian, Norwegian, Japanese and Thai. The Company website can be found at: www.wpsnet.com.
MonArc CEO Steen Elgaard noted: 'I was aware of WPSnet's desire to trade publicly in the U.S. prior to the merger of Canden and MonArc. This is one of the reasons why IFGX was so attractive to us, and with our extensive network of European contacts I can safely say that this deal is one of many that I can foresee in the near future for our IFGX division. When Garr Winters walked us through the IFGX division's background, we saw it as a natural fit for MonArc. Garr has head-manned the project since inception, and has worked closely with the Mina Mar Group, which has the expertise, logistical, and operational capabilities to bring this project to fruition'.
As the introducing party, MonArc will earn a 35% interest in the fees generated by the merger. Mina Mar will also provide consulting and guidance regarding legal and accounting work required to close this transaction. In addition, Mina Mar will also handle Investor Relations for IPMG for the next 18 months. Mina Mar is also anticipating further introductions to an Asian based IT company, which is a pivotal component for the new management of IPMG and their shareholders. Initial estimates of fees generated by this transaction are in the neighbourhood of $2.4 million USD in the form of a combination of restricted stock and cash.
The reverse merger is anticipated to close within the next 60 days.
About the Mina Mar Group
Mina Mar provides corporate financial consulting services focusing on reverse mergers of private companies with publicly traded shell companies in the micro-cap and small-cap environment. The Company specializes in assisting private Chinese companies to gain access to capital markets in North America and Europe.www.minamargroup.com
About MonArc Corporation
Founded in 2007, MonArc Corporation is fast becoming one of the hospitality-industry's leading providers of asset based systems and financing corporations in North America.
The company also operates a B2B division being a mergers and acquisitions division, which operates under the trade name IFGX.
Its Syscon Products Ltd. Division is a licensed distributor of inventory control systems and POS solutions meeting the needs of the Food & Beverage Industry. Its product line is designed and engineered in Europe. It includes a variety of beverage pouring control systems that reduce the incidence of over-pouring, and other sources of lost revenue related to licensed establishments, which can typically result in significant savings on behalf of its clients. Its website is www.sysconproducts.com Posted by Stockstar69 on :
news...
MonArc Corporation (MONA.PK) Preliminary 1st Quarter Revenues TORONTO, March 5 /PRNewswire-FirstCall/ - MonArc Corporation is pleased to announce preliminary 1st quarter consolidated revenues. Initial combined estimates of fees, sales, and revenues generated by the company are in the range of $3.0 million USD in the combination form of cash and accounts receivables. The company will make official statements available in its filings on Pink Sheets shortly. MonArc CEO Steen Elgaard noted, 'Our newly launched 90 day trial period has sparked a lot of interest in the past 2 trade shows held in Las Vegas and Toronto, and if we use that as an indication we may very easily surpass our 1st Quarter results in the 2nd quarter.'
Founded in 2007, MonArc Corporation is fast becoming one of the hospitality industry's leading providers of asset based systems and financing corporations in North America.
The company also operates a B2B division being a mergers and acquisitions division, which operates under the trade name IFGX.
Safe Harbour Statement
Information in this press release may contain 'forward-looking statements. Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbour' provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to the ability to close transactions being contemplated, risks related to sales, continued acceptance of MonArc Corporation's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in MonArc Corporation's periodic reports filed with the regulatory authorities.
SOURCE MonArc Corporation (MONA)
Source: PR Newswire (March 5, 2008 - 9:45 AM EST)
Posted by kermit42 on :
1st Q revenues? The first Q isn't over for 3 and 1/2 weeks.
Posted by Andreas on :
Kermit,
I did not look into the fiscal information of the company, but not every company's fiscal year is the calendar year.
MONA might have a fiscal year that is not equivalent to the calendar year.
Posted by kermit42 on :
I suppose they might have changed it during the last RM (or whatever it was), but previously they were on the calendar year.
Posted by dacollecter on :
Dam, these people change their symbol every year. CHNW to EFGO now MONA. Haven't kept up to date with this company, but was surprised to see them change their symbol so soon.
Posted by Stockstar69 on :
quote:Originally posted by dacollecter: Dam, these people change their symbol every year. CHNW to EFGO now MONA. Haven't kept up to date with this company, but was surprised to see them change their symbol so soon.
YES...They have been reverse mergering and acquiring companies like crazy lately. Hard to keep up.
The overall stock market is tanking again today and MONA just dropped to .05! I may need to buy more today just to load up (if I can find some $$$). Posted by Scheid27 on :
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