Mina Mar Marketing – Blog & Announcements

MONTREAL, May 22, 2009 /PRNewswire-FirstCall via COMTEX/ — Mon Arc Corporation (www.monacorporation.com – MONA.PK) is pleased to announce that it has signed a Share Exchange Agreement to acquire H & T Processing Ltd., http://www.grainduster.com. H & T is a private Canadian seed and farm input wholesaler, with sales of just over $1.3 million CDN ($1.17M USD) for the year ending December 31, 2008.

The acquisition was completed on an all-stock basis.

In recent years, H & T has expanded its physical plant and built handling facilities to increase capacities and broaden its product lineup beyond seeds to a variety of farm inputs including chemical products. It has shown significant growth in top line revenues over the last two years. Background information from H & T corporate literature will be posted on Pink Sheets shortly.

H & T requests that all inquiries from existing shareholders and followers be directed to the company’s investor relations representative Phone 1 860-819-3746 and or consultant@theinvestorsline.com and not to the operating subsidiary H & T directly.

In other corporate updates, the management is pleased to advise that the closing (sale) of its I.T.I. Bio-Tech operating subsidiary division is undergoing its final review(s). The management expects to make the announcement of that transaction shortly, and provide further details of the transaction at that time.

One of the ongoing aspirations of MONA is to obtain a lead market maker with the filing of a 15c2-11 so that MonArc securities can trade on a fully solicited basis. Amongst other things, recent changes in the industry have made audited financial statements a pre-requisite by market makers prior to such a filing. The Issuer is optimistic that it will be able to provide satisfactory audited financial statements for H&T Processing as the new operating entity within MonArc to facilitate this process. The company expects to begin this 15c2-11 process shortly.

Further updates on these transactions and various outstanding and previously announced dividend distributions will be forthcoming as developments unfold.