Monar's Definitive Agreement Gives Company Nationwide Footprint in Transportation Industry
October 24 2013 - 2:03PM
Marketwired
Monar's Definitive Agreement Gives Company Nationwide Footprint in
Transportation Industry
Monar International Gives Guidance on Definitive Agreement With
National Leasing & Brokerage Inc., LLC
RANCHO CUCAMONGA, CA--(Marketwired - Oct 24, 2013) - Monar
International Inc. (OTCQB: MNAI) announced this week that it has
reached agreement to acquire National Leasing and Brokerage Inc.,
LLC (NLB). NLB has 8 offices strategically located in the
lower 48 states allowing them to move units from coast to coast.
This nationwide footprint will allow Monar to begin implementing
its new strategic direction to identify acquisition targets in
transportation services, primarily in the US market. Priority
sectors include auto/vehicle transport, drive away services, fleet
management, truck manufactured movements, etc.
NLB uses dispatching operators to strategically move units
efficiently across the United States, they have customized computer
software to allow for internet based billing and mileage
computation. These competitive advantages will help allow us to
roll up similar businesses, which are referred to as "Mom and Pop"
operations.
"By acquiring National Leasing and Brokerage, Inc., LLC, (NLB),
we now have the ability to acquire similar type of businesses or
even the assets of smaller competitors." said Robert Clarke,
President and CEO at Monar International.
John McDonald, Founder of National Leasing and Brokerage stated;
"I have over 30 years' experience in the drive away industry and
consolidating some of my competitors will provide us with cost
synergies and greater profitability. We are one of the few drive
away service companies with a nationwide footprint."
About Monar
International
Monar International Inc. is developing energy technologies and
transportation services in various markets. The company was
incorporated in 2009.
About National Leasing
& Brokerage
National Leasing & Brokerage is a transportation service
provider. The Company is primarily focused on drive-away
logistics management services. They operate within all 48
contiguous states and have a non-union workforce and utilize
independent contractor drivers.
Forward Looking
Statements
This release contains statements that appear in a number of
places in this release and include all statements that are not
statements of historical fact regarding the intent, belief or
current expectations of Monar International, Inc., its directors or
its officers with respect to, among other things: (i) financing
plans; (ii) trends affecting its financial condition or results of
operations; (iii) growth strategy and operating strategy. The words
"may," "would," "will," "expect," "estimate," "can," "believe,"
"potential" and similar expressions and variations thereof are
intended to identify forward-looking statements. Investors are
cautioned that any such forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties, many of which are beyond Monar International, Inc.'s
ability to control, and that actual results may differ materially
from those projected in the forward-looking statements as a result
of various factors. More information about the potential factors
that could affect the business and financial results is and will be
included in Monar International, Inc.'s filings with the Securities
and Exchange Commission.
Company Contact Information: Contact: Robert Clarke E-mail:
ir@monarinc.com Tel: 213-985-1939 Monar International Inc. 7365
Carnelian Street, Suite 119 Rancho Cucamonga, CA. 91730