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EFGO [ Esprit Financial Group, Inc ]
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[QUOTE]Originally posted by binnocent: [QB] [QUOTE]Originally posted by Stockstar69: [qb] I'm in this for a few shares. Seems entertaining. [/qb][/QUOTE]Confusing if not entertaining!!!!!! I guess this will be the spin off shell for Good Life. Big question is still how many dividend shares of Good Life current EFGO holders will receive!! ---------------------------------------------- The League Publishing, Inc. (The League) (TLGP.PK) Enters into Agreement for Purchase of Assets of MonArc Corporation (Previously Esprit Financial Group - EFGO.PK) via COMTEX January 15, 2008 TORONTO, Jan 15, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- The League Publishing, Inc. announced today that its management and a majority of shareholders have approved a change of business operations, and has entered into an agreement for the purchase of the assets of MonArc Corporation (previously Esprit Financial Group, EFGO.PK - new ticker symbol pending). The sale will be completed on an all stock basis, for all of the assets of MonArc with the exception of its IFGX division. MonArc Corporation has recently acquired Good Life China Group, which operates a rapidly growing chain of franchised convenience stores based in Hebei Province, China. The Chain currently has a store count of 1,600 and expects to grow to 4,000 stores by the end of 2008. Incoming CEO Ms. Dongmei Jia advised; "We are very pleased to consummate this deal, which will allow us to become a Current Information (Pink Checkmark) company on the Pink Sheets. This will provide us with the capabilities to continue the very aggressive growth objectives of Good Life in opening additional stores as well as new logistics centers and supporting infrastructure". In addition, MonArc's North American operations (previously operating under the Esprit Financial Group banner) will be included in the transaction. This includes a diversified portfolio of sub-prime financial services, such as PayDay loans, a Forex trading division, wholesale ATM sales and check 21 clearing services in international markets. The League is in the process of changing its name to reflect the Company's new operations, as well as obtaining a new ticker symbol and CUSIP number. In addition, a new board of directors and Company officers will be appointed upon completion of the purchase transaction. The purchase transaction will be coordinated with the ticker symbol changes pending for both companies. This will streamline the process of issuing shares under the correct ticker symbols to all shareholders involved. About The League Publishing, Inc. The League Publishing Inc. is a public company that has previously been focused within the broadcasting sector of Latin American television. About MonArc Corporation (Previously Esprit Financial Group - EFGO.PK) MonArc (formerly Esprit Financial Group, Inc.) is a public company engaged in a diversified number of online sub prime financial services. These include: the Payday Loan Software division; Forex Trading; Advanced Electronic Funds Management; and Specialized Investment Banking and Financial Advisory Services. It recently acquired Good Life Group Limited in a reverse merger. About Good Life Group Limited. Good Life Group Limited operates a rapidly growing chain of franchised convenience stores based in Hebei Province, China. It employs advanced retail concepts such as e-commerce enabled POS/back office systems, and achieves significant economies of scale on the supply side of the business. It will be expanding geographically to neighboring Provinces, as well as offering a growing number of additional products and services, such as financial products, as it moves forward. 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 Group's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Esprit Financial Group's periodic reports filed with the regulatory authorities. SOURCE The League Publishing Inc. Copyright (C) 2008 PR Newswire. All rights reserved [/QB][/QUOTE]
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