Flexpower Inc. (FLXP)

[PennyMaven]

02.15.08Annnual and Quarterly Reports Dec. 31, 2007Posted in Announcements at 9:42 pm by admin

The Company is pleased to announce that it has issued its financial reports for the three months and year-ended Dec. 31, 2007.The statements can be viewed at http://pinksheets.com/pink/quote/quote.jsp?symbol=mona

The latest quarter reflects an operating loss of $336,601. The Company’s burn rate accelerated in the last quarter due to the acquisition of Good Life China.

In the notes to the Financial Statements, investors can review how the Good Life acquisition and reverse merger into TLGP will affect the companies, and the related issuance of stock.

In essence, MonArc’s (EFGO) special stock dividend will distribute a total of 14,000 million shares of TLGP, which have been valued at $0.70 each. This represents a total of $9.8 million in stock distributed to EFGO investors of record on February 1st, 2008.