2010
09.03

Monarc Corporation (MONA) Corporate Update

Henderson, NV, September 3, 2010 — The Monarc Corp. (MONA; http://www.monacorporation.com/) and the corporate management update the public and the company shareholder base on the current state of the company. Business with the operating subsidiaries of MONA remains brisk. There are several China-based businesses operating within the MONA Corporation.

MONA corporate management is currently working on solving issues with several dividends that are to be paid out. These dividends require a complex and thorough planning to assure secure progress of these transactions and assure the best return/cost to the MONA shareholders. The company on its own to date has not been able to do this, which has been out stranding since September 2008. To complicate matters there are several cash and stock dividends previously announced outstanding to MONA shareholders, which stem from consulting fees generated by Mr.Winters activities as a CEO.  To assure smooth execution, MONA Management turned to it’s former CEO executive, Mr. Garr Winters, to assist and lead the resolution of these transactions. In September 2010, Mr. Winters will travel to New York and meet with NASDAQ OMX Group to resolve the dividend issues.

Once these issues are resolved, the already announced reverse split completed the company will resume regular updates and continue to seek new business opportunities and and viable contracts to raise or at least maintain the shareholder values. To date company management has handled IR issues. MONA management intends to secure the services of an IR firm to assist in this task.

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9 comments so far

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  1. great time to buy cheap if there are mergers coming our way

  2. How did teh meeting go?????????????

    • there should be something out tomorrow or Monday! Make sure check out Friday Tips.

  3. Any updates ??????????

  4. Looking forward to see what the outcome of the meeting in September brings!!

  5. MONA are you going anywhere any time soon?
    or what?

  6. Agreed …Bright future coming ahead IMO…

  7. “MONA corporate management is currently working on solving issues with several dividends that are to be paid out. These dividends require a complex and thorough planning to assure secure progress of these transactions and assure the best return/cost to the MONA shareholders.”

    Looking forward to see this coming true!

  8. can’t wait what else happens with this new chines-based company they are working on.

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