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EFGO [ Esprit Financial Group, Inc ]
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[QUOTE]Originally posted by dalton05: [QB] News for 'EFGO' - (MonArc Corporation (MonArc) (EFGO.PK) Enters into Agreement for Sale of Assets to The League Publishing, Inc. (TLGP)) TORONTO, Jan 16, 2008 /PRNewswire-FirstCall via COMTEX/ -- MonArc Corporation (previously Esprit Financial Group, new ticker symbol pending) announced today that it has entered into an agreement for the sale of its assets to The League Publishing, Inc. (TLGP.PK). The sale will be completed on an all stock basis. As previously announced, Esprit's IFGX division will be retained by MonArc Corporation. All other assets will be transferred in the sale. Outgoing CEO of Esprit/MonArc Garr Winters commented, "It is EFGO management's understanding that the League (TLGP) has already issued a news release where amongst other things it will be applying for a new ticker symbol along with a name change and a new CUSIP number to reflect the fact that Good Life China will be the primary operating company moving forward. It is also our understanding that the Company will be appointing new officers and directors from within Good Life China's organization." All parties have agreed that the actual closing and completion of this transaction will be synchronized with the issuance of new ticker symbols for both companies, in order to simplify the share distribution process, and other logistical matters both on the corporate and operational level. Mr. Winters added, "We now have all of the elements lined up to complete our objectives of vending Good Life China into a Pink Checkmark qualified company. "We have been advised that the current TLGP management with the assistance of the Mina Mar Group - who played a key role consulting to match the two companies up as well as structuring the transaction - together with the Good Life China management will be working vigorously towards submitting all of the required disclosure documentation to the Pink Sheets, LLC by the time the transaction closes, to obtain the full check mark rating status." About MonArc Corporation (EFGO) 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 The League Publishing, Inc. (TLGP) The League Publishing Inc. is a public company that has previously been focused within the broadcasting sector of Latin American television. The company is in the process of acquiring Good Life China, a franchiser with 1600 retail type outlets in mainland China. [/QB][/QUOTE]
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