Monster Arts Inc (APPZ)

[mad72]

We are writing to advise you that our Board of Directors and shareholders holding a majority of our outstanding voting capital stock have approved: (i) an amendment to the articles of incorporation to increase the authorized shares of blank check preferred stock from 20,000,000 to 100,000,000 shares of blank check preferred stock, par value $0.001 (the “Preferred Stock Amendment”); and (ii) a reverse stock split of one for one hundred (1:200) of the shares of common stock of the Company (the "Reverse Stock Split").