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MONA News MonArc Corp (MONA) Takes Legal Action Against Spam...
Thursday, July 3, 2008 8:03 AM

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News for 'MONA' - (MonArc Corp (MONA) Takes Legal Action Against Spammer - Stock Basher WPSnet)


BEIJING, July 3, 2008 /PRNewswire-FirstCall via COMTEX/ -- MonArc Corporation,
www.monacorporation.com (Pink Sheets: MONA). The issuer has been made aware of
certain spam and slanderous types of messages that appear to be originating from
the issuer's previous domain name. The issuer has identified the malicious
perpetrator as WPSnet International
(http://www.wpsnet.com/script/site/default.asp). It also appears that the Pink
Sheets has identified the perpetrator in the past and issued a "Caveat Emptor"
rating on WPSnet International with this verbiage: Spam - The security is the
subject of spam. Investigation of Fraud - There is a known investigation of
fraudulent activity committed by the company or insiders; including suspension
of trading of the perpetrators stock by the SEC. The issuer has received an
express apology from WPSnet International agent with a written formal apology to
be immediately forthcoming. No written apology was received by the issuer
despite several requests. The reasons for these malicious messages are still
unknown to the issuer, however it is clear to the issuer that the motives and
intent to discredit the issuers security and share price was WPS goal.

Notwithstanding, the issuer has instructed its corporate advisor in Toronto
Canada to commence legal proceedings forthwith against WPSnet International and
its principals. The issuer is aware that these types of false and misleading
messages serve only 1 purpose which is apparent on their face. The issuer being
an online Internet business takes these slanderous and false messages seriously.
Mr Yong Chan said "Preserving shareholder equity and rights is our top priority.
We do not intend to sit idle while this perpetrator engages in these types of
activities from Europe, where our security just happens to be short sold the
most." The issuer intends to expand the scope of its litigation against other
organizations that harbour these types of activities without further notice.

The common shares of the Company are currently listed in the USA (symbol MONA)
and the Frankfurt Stock Exchange (Xe:GZWM)





CONTACT: www.minamargroup.com/helpdesk



Safe Harbour Statement



Safe Harbor statement under the Private Securities Litigation Reform Act of
1995: Certain forward information contained in this release contains
forward-looking statements that involve risk and uncertainties, including but
not limited to, those relating to development and expansion activities, domestic
and global conditions, and market competition.

SOURCE MonArc Corporation (MONA)



www.prnewswire.com


Copyright (C) 2008 PR Newswire. All rights reserved

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