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Author Topic: EFGO [ Esprit Financial Group, Inc ]
Stockstar69
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quote:
Originally posted by gramlich:
whatever they are doing with the r/s doesn't change the fact that they are set to make huge profits as good life is going to end up China's circle K. I'm hangin on. In fact I am buying

I agree with you! We are just waiting on the news.
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You should know that no matter what they try to pass off as being good about a r/s, the investors always end up losing all their investment. They r/s for one reason only - to sell more shares. They then run the o/s back up to the a/s and do it again. You have been scammed. I sold this the minute I heard the news, took a loss, but did not lose my total investment. In fact, less the commissions, I doubled my money. Run!
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just speculating
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Good life has no problem selling goods. It sounds like shrink kills the bottom line. That is corrected quickly with inventory controls. When that happens this will be a VERY profitable company!
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just speculating
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Good advise oldguy but I'm not so sure on this one
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oldguy
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I bought at .001 and on the day of the r/s news was able to actually, to my surprise, get .0002. I have, however lost money on other reverse splits. As soon as this r/s goes down, you will begin to lose money. It will happen. I have tracked many, many companies who do a r/s and have never seen or heard of any one of them going up in value. They all go down. It is just a fact. No amount of optimism will change the facts.
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just speculating
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lol good point but my buy order remains at .0001. It mat trade at .0001 but you can't buy it there. Besides the reason I look at this different is the spin off shares. Oh well it is not like I'm betting the farm on it but I'm holdin on and trying to buy more at .0001
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Hey Gramlich - I really hope it works out for you. I hope you are able to write me not too long from now and say "I told you so!" Best wishes my friend. I hope you make a killing on this one.
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just speculating
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ty me too
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Stockstar69
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I'm in this for a few shares. Seems entertaining.
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binnocent
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quote:
Originally posted by Stockstar69:
I'm in this for a few shares. Seems entertaining.

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

--------------------
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dalton05
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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.

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Stockstar69
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Another day, another PR...This does seem interesting.
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binnocent
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More pieces of the puzzle.... Latest info on the Town Hall below.............

Doesn't sound to bad. Current EFGO/Monarch shareholders after 1/1000 R/S will receive 1 share of the new Goodlife Company TLGP for every 1 share they have of EFGO/Monarch and also retain their shares of EFGO/Monarch!
-----------------------------------------------


QUESTION:

When will EFGO provide more info on the special stock dividend after EFGO is sold to TLGP?

RESPONSE:

At this time, we can advise our shareholders regarding some of the details related to the planned special dividend. However, there are a number of logistical considerations that are being sorted out between the company’s and the Transfer Agents in order to execute the special dividend properly and as efficiently as possible.Outside shareholders of MonArc (after the reverse split is completed), can expect to receive 1 share of TLGP stock (valued at 70 cents) for each share of MonArc held. Dates of record and payment have not yet been finalized.

Importantly, as TLGP has previously announced, TLGP is expected to have a new name and ticker symbol issued to reflect the purchase of EFGO/Good Life assets, and MonArc shareholders will receive shares under that the new name and ticker symbol.

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playtime
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Got this from IHUB, pretty much sums it up right now. Time will tell. If nothing changes (big if) this is an awesome deal, right?


Wait a minute. TLGP is at 70 cents and rite now I can buy one share of it and one of monarc for about 20 cents(1000 shares of EFGO), well I could of today any way.

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