Monarc Corporation (MONA) Corporate Update
Henderson, NV (MMD Newswire) Sept 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.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of Monarc Corp. that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project," and similar words and phrases are intended to identify such forward-looking statements. Monarc Corp. cautions you that any forward-looking information provided by or on behalf of Monarc Corp. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Monarc Corp.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Monarc Corp.'s control. In addition to those discussed in Monarc Corp.'s press releases, public filings, and statements by Monarc Corp.'s management, including, but not limited to, Monarc Corp.'s estimate of the sufficiency of its existing capital resources, Monarc Corp.'s ability to raise additional capital to fund future operations, Monarc Corp.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities and, in identifying contracts which match Monarc Corp.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Monarc Corp. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
CONTACT:
http://www.monacorporation.com/contact.html
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.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of Monarc Corp. that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project," and similar words and phrases are intended to identify such forward-looking statements. Monarc Corp. cautions you that any forward-looking information provided by or on behalf of Monarc Corp. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Monarc Corp.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Monarc Corp.'s control. In addition to those discussed in Monarc Corp.'s press releases, public filings, and statements by Monarc Corp.'s management, including, but not limited to, Monarc Corp.'s estimate of the sufficiency of its existing capital resources, Monarc Corp.'s ability to raise additional capital to fund future operations, Monarc Corp.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities and, in identifying contracts which match Monarc Corp.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Monarc Corp. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
CONTACT:
http://www.monacorporation.com/contact.html
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