MonArc Corporation (MONA) Announces Planned Sale of Assets to (RMDM)
October 13 2008 - 7:39AM
PR Newswire (US)
BEIJING, China, Oct. 13 /PRNewswire-FirstCall/ --
monacorporation.com PINKSHEETS: MONA.PK is pleased to announce the
company is currently in discussions to sell both of its operating
divisions PP365.Com (China game developer) and its rights to
Innotreck (A China based broadband provider) on a cash and stock
basis to RMDM Entertainment Group Inc (RMDM)
http://www.rmdmgroup.com/ MONA management has also identified a new
possible operating subsidiary in the exploration industry. The MONA
management intend to release further info on the exploration deal
including posting pictures of the infrastructure shortly. As
previously announced MONA intends to pay out the proceeds of this
transaction to its shareholders in a form of a 1 time special
dividend. This will be the 5th dividend in cash and stock MONA will
have paid out by December 31, 2008 For corporate matters contact:
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: For corporate matters
contact: DATASOURCE: MonArc Corporation (MONA) CONTACT: For
corporate matters contact:
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