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Tuesday, May 06, 2014 12:57:44 PM
reverse merger with Monarc Corp. (OTCBB: MONA). The merger was completed on May 1st, 2014. The authorized shares
count will be reduced from 6 billion shares to 200 million shares. Flex Power will assume 54% of the authorized shares
count to be divided among insiders. 24% of the authorized shares will be distributed to the current shareholders.
Flex Power currently has revenues of $120 million annually. By going public, the firm wants to gain access to the capital
markets in hopes to extend the Flex Power name globally into emerging markets in China, Korea, India, Mexico, Spain,
Canada, United Kingdom, etc. The company intends to penetrate the diverse sports markets of the aforementioned
countries. Before the merger, Flex Power had already begun selling products internationally. With its patented
nanotechnology infused delivery system, the product outperforms many topical analgesic creams on the market and is set to
become a global brand within 2 years.
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