posted
Another O T C R E P O R T E R . C O M " Featured Company ". Ran from .001 to .0024 this morning .... up 140% !! Still up 100% on decent volume. Could be a prelude of things to come next week .... jmho
-------------------- " Cash is King " Posts: 838 | From: NJ | Registered: Mar 2006
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MonArc Corporation (MONA) Sale To China Marketing Company
Thursday , August 28, 2008 09:09ET
BEIJING, Aug. 28 /PRNewswire-FirstCall/ - MonArc Corporation www.monacorporation.com (Pink Sheets: MONA - News) is pleased to provide its shareholders and followers the following update on the upcoming sale to the Chinese Marketing Company (MCD). The company has received many inquiries about the purchase and the company is using this opportunity to briefly introduce the buyer and their business activities.
The following description was taken from the MCD corporate Chinese based web site, and translated into English.
"MCD (establishing branch offices in 18 countries and regions around the world,) is an International enterprise group that operates a distribution system method, in the realm of the worldwide direct marketing. MCD is expecting to attain 150 thousand distributors. Currently MCD has 5,000 shareholders in China whose families enjoy the high quality products offered by the company. The total gross sales is projected at US$2.5 billion worldwide by the end of 2010, from which sum the company earns its commissions and revenues, in the several million dollar range".
MCD is engaged in the distribution of herbal type cosmetically enhanced supplements.
The following is being provided to MONA shareholders on the interim basis until MCD launches its official English web site which is scheduled to coincide with the closing of the sale transaction.
The common shares of the Company are currently listed in the USA (symbol MONA) and the Frankfurt Stock Exchange (Xe:GZWM)
Safe Harbour Statement
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.
CONTACT: CONTACT: corporate*monacorporation.com
-------------------- " Cash is King " Posts: 838 | From: NJ | Registered: Mar 2006
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News for 'MONA' - (MonArc Corporation (MONA) Change Of Corporate Direction)
BEIJING, Sept 02, 2008 /PRNewswire-FirstCall via COMTEX/ -- MonArc Corporation www.monacorporation.com (Pink Sheets: MONA - News) is pleased to provide this corporate update to its shareholders and followers. The issuer is in the process of liquidating certain assets, and operating subsidiaries to 2 or possibly 3 different buyers.
Once the aforementioned sale of assets transaction is completed MONA would itself be bought out on all cash basis by a Chinese based Direct Marketing Company MCD. MCD intends to fully complete the Corporate Compliance to achieve a solicited issuer status. MCD is also desirous to add its 7,000 plus current shareholder base to MONA.
In the unlikely event for whatever reason this Corporate Compliance threshold cannot be met then the issuer intends to amend its corporate resolution to become a USA based Special Purpose Acquisition Company (SPAC).
One of the unique characteristics that MONA can offer is a constant dividend to its shareholders in all of these various China based companies.
The issuer has filed a comprehensive Corporate Update Filing on Pink Sheets, which can be viewed by visiting this link directly:
MONA management believes that it is an excellent candidate to be a SPAC Company. With these aforementioned asset sales and spin outs it would represent 3 separate dividend payouts in 2008 for the issuer.
The common shares of the Company are currently listed in the USA (symbol MONA) and the Frankfurt Stock Exchange (Xe:GZWM)
anyways, Was this stock trading at like .04 or something recently? Maybe I am missing it, but I swear I was in this a few months back.
Posts: 18 | From: VA | Registered: May 2008
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posted
38, this was CHNW and then EFGO. It's a scam. That doesn't mean there isn't money to be made, but longs are down 99% so buy carefully and don't hang around too long. Take the money and run.
-------------------- Me Trade Pretty One Day. Posts: 807 | From: NYC | Registered: May 2006
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posted
Volume has already surpassed the 10-day average .... still up 50% at .006 .... its been running up every day .... something brewing ?? .... jmho
-------------------- " Cash is King " Posts: 838 | From: NJ | Registered: Mar 2006
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MonArc (MONA) Anti-Dilution And 50 Million Share Buyback Program
Friday , September 05, 2008 06:40ET
BEIJING, Sept. 5 /PRNewswire-FirstCall/ - MonArc Corporation, www.monacorporation.com, (Pink Sheets: MONA) the issuer announced today that it has entered an agreement with several of the majority shareholders, that the Company will not seek any sort of additional equity funding or any other sort of financing that would create dilution in the Company's stock.
In addition, the Company plans to conduct a share buyback of no less than 50 million shares either on the open market or directly from the stakeholders, and retire them back to the treasury.
The anti-dilution agreement is actually a lock up agreement. It is valid until the spin-off of existing companies is completed and dividends have been issued to current shareholders in accordance with the previously made announcements. This encompasses the acquisitions of both the direct marketing company, MCD, as well as the acquisition and spin off of the environmental oil services company, Hubei Chuguan Industry Co. Ltd.
MonArc CEO Chan Yong told investors yesterday that; "We have made a series of major announcements and have repositioned the Company and its core business model in a very significant fashion. This agreement is designed to formally address any uncertainty about the equity position of the Company and assure current shareholders of a stable trading environment to avoid speculation regarding any potential dilution.
We are also initiating a share buyback program of no less than 50 million shares and their retirement to the treasury. Shortly we will post our actual certified share count from our transfer agent, Heritage Trust on Pink Sheets showing the current share structure sum and the updated share structure once the buyback is completed. We feel very strongly that the Company is entering a new era and that our shareholders can look forward in confidence to superior performance of the Company's stock."
Mr.Garr Winters, the company's Secretary added, "Our stock target price aim is as close to the post reverse stock split price of 0.20 cents per share or as close as we can get to that goal. We acknowledge that there will be flippers and profit takers along the way and rightfully so, however plans and measures are being implemented as we speak that will see the greatest reward and return returned to our long term followers which is long overdue.
We have made several promises to our followers over the last 24 months that remain unfulfilled. For years, it has always been our corporate philosophy to under-promise and over-deliver. It is our intent to demonstrate this and restore our eroded values once and for all. Our new corporate business model as per the Pink Sheet filings and interview that will soon be aired on various media sources will be posted on our website shortly.
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.
MonArc Corporation (MONA) Closes Acquisition of China Based Direct Marketing Company
Monday , September 08, 2008 09:20ET
BEIJING, Sept. 8 /PRNewswire-FirstCall/ - MonArc Corporation www.monacorporation.com (Pink Sheets: MONA - News) is pleased to announce that it has closed the acquisition of EEIGI Ltd., a Hong Kong based direct marketing company with over 7,000 representatives.
EEIGI manufactures and sells a proprietary line of all natural Health and Beauty Aids (HBA) through a direct marketing distribution business model. These are developed and shipped worldwide from the Company's Canadian offices and manufacturing centre. Importantly, EEIGI has put together a significant network of representatives, and enjoys top-line revenue in the millions of dollars with an asset base of roughly $15 million.
HBA is one of the most profitable sectors based on gross margins of products sold. The most significant costs most HBA firms have is the cost of marketing and advertising, including package design. Using a direct marketing business model similar to Amway and Avon, EEIGI has reached a level of critical mass with enough distributors to generate profitability on its product line. The Company is now poised for accelerated growth, given the organic growth model of direct, multi-level sales and the marketing support the Company can now dedicate to building on an already successful business model. It is targeting a total of 18 countries to augment its core sales in China.
EEIGI is currently developing an English version of its website, which can be found at www.eeigi.com. Initial development has begun, however the quality of the translation is relatively inconsistent. One of the first tasks MonArc will undertake is to ensure that the English version of the website accurately depicts the EEIGI's products and services, and complies with North American, and eventually, European regulatory requirements.
Moving forward, EEIGI will be the primary operating business within MonArc. In keeping with the Company's new business model as a Small Cap Boutique Investment Group, MonArc will work with EEIGI management to begin to create awareness of EEIGI as a public company. We will be tasked with creating investor awareness and building investor interest in EEIGI. Our advisory services will include helping to grow the Company to the next level with sound financial planning and appropriate corporate strategies. When EEIGI is ready, MonArc management intention is to spin it off as a separate public company. Obviously, MonArc shareholders will be rewarded with dividends in the new company. It is also planed or anticipated that MONA investors will have the opportunity to see their investment grow through the addition of stock warrants or options once EEIGI stands on its own.
In other Company news, MonArc is continuing discussions regarding the sale of its Hubei Chuguan Industry Co. Ltd.position. This is an environmental services company active in the oil sector, as previously announced. Our representatives in China are walking Hubei Chuguan executives through a similar approach and spin off their Company as the second major project in the upcoming months. Due diligence is proceeding on course, and we are working with management to develop the final framework and timetable for this project.
MonArc is also continuing work with PP365.com an online gaming company (the current operating company in MONA) and Innotrek, (a broadband Hotel ISP) who have been making excellent progress in their respective businesses, but are not as mature as companies as EEIGI and Hubei Chuguan. Management is in discussion with several interested groups for these asssets.
MonArc CEO, Mr Yong Chan advises; "We feel that MonArc is on the verge of significant success. Special gratitude to Mr.Garr Winters MONA X CEO and the current Secretary and Strategic Advisor has been instrumental and pivotal in making all of this happen. He has been working overtime in the background to see this transformation and sucess come to a fruition. Not to take anything away from PP365 or Beijing Innotrek Technology Co., but EEIGI and Hubei Chuguan are on a different level in terms of maturity of the Company, scale of operations, revenue streams and profitability. However, we really like what these younger companies are achieving and have every confidence that they will have the ability to capitalize on their respective business opportunities and go on to great success within our company, and as individual public companies down the line.
Our work with them has been vital to MonArc as we have reshaped our corporate business model over the last year. We are extremely well positioned to continue to identify additional candidate companies in China who are already successful but need the benefit of our experience and guidance to capitalize on the benefits of being publicly traded companies. Shareholders can expect to receive an ongoing series of rewards in a form of cash or stock dividends and other instruments to leverage the potential for increased value of these companies; as we introduce them to public markets and transition them to trade under their own names".
The common shares of the Company are currently listed in the USA (symbol MONA) and the Frankfurt Stock Exchange (Xe:GZWM)
Safe Harbour Statement
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.
CONTACT: CONTACT: corporate*monacorporation.com
SOURCE MonArc Corporation (MONA)
-------------------- " Cash is King " Posts: 838 | From: NJ | Registered: Mar 2006
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MonArc Corporation (MONA) Begins Negotiations with Frankfurt Company to Spin-Off PP365.com and Innotrek Tuesday September 9, 5:13 pm ET
BEIJING, Sept. 9 /PRNewswire-FirstCall/ - MonArc Corporation www.monacorporation.com (Pink Sheets: MONA - News) is pleased to announce that it has identified a Frankfurt based public company interested in acquiring both the PP365.com and Innotrek subsidiaries from MonArc. Based on initial negotiations, the spin-off will probably be structured as a sale of assets. ADVERTISEMENT
PP365.com is also pleased to announce that over a dozen gaming website operators have expressed interest in an affiliate program to promote the Company's new multi-player role playing fighting game. Some of these game operators include well-known Chinese companies such as Shanda, PWRD, Smooth Yu Huaxia. These game operators will receive a commission on all gaming revenue they generate by linking players to PP365.com's gaming website.
In other Company news, management is pleased to announce that the transcript of a recent interview by Trader's Nation can now be viewed on its corporate website; www.monacorporation.com. The interview provides important analysis of the Company's business model moving forward.
MonArc CEO, Mr Yong Chan advises; "This split-off opportunity has come a little earlier than planned. We had anticipated that we would need to do a fair bit more work before they would be ready to spin-off. However, the Frankfurt based company is interested in acquiring them immediately.
"We feel it is prudent to take advantage of this opportunity, in order to free up a significant amount of management resources to concentrate on larger, more mature companies in line with our new business model.
"Additional news on this front will be forthcoming shortly".
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.
CONTACT: corporate*monacorporation.com
Posts: 582 | From: New Jersey | Registered: Apr 2006
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posted
You might be alone. Too many people been burned on this scam in the past. I hope you cashed out for a bundle, but I wouldn't put in penny in this stock no matter what.
Last week's profits were for someone else, someone who could look at it with fresh eyes.
-------------------- Me Trade Pretty One Day. Posts: 807 | From: NYC | Registered: May 2006
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posted
i just bought in at 0.01,has any one who has bought in been able to sell at 0.0150 or less
Posts: 30 | From: manhatten nyc | Registered: Feb 2008
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