up to 5 separate dividends in cash and stock
MonArc (MONA) Business Development Corporation New Business Model
Thursday September 18, 9:40 am ET
BEIJING, Sept. 18 /PRNewswire-FirstCall/ - MonArc Corporation, www.monacorporation.com, (MONA.PK) is pleased to announce that it has updated its website to provide a more detailed perspective on its recently announced new business model as a Business Development Corporation (BDC).
MONA CEO Yong Chen advised; "We have undergone a 'big picture' analysis of our corporate strengths and weaknesses. The outcome is a clear change in direction in what we consider to be our core business. In essence, see ourselves as a hybrid type of incubator for Chinese private companies seeking to go public. However, unlike a typical incubator, we only intend to work with companies that already have proven success, demonstrable growth capabilities and are well past the development stage. Returning visitors should refresh their web browsers to see the new information, on our corporate web site.
Frankly, this year was a bit of a learning curve that ultimately led us to this point. There were certainly a few missteps, but overall, we are very excited about the near future.
The most recent two projects we have announced, Chinese Marketing Company (Sino-Medica) and Hubei Chuguan Industry Co. Ltd. are successful, well-established companies in their respective markets. We are talking multi-million dollar asset bases, top line revenues in the millions and very serious growth opportunities.
We will be adding more information regarding specific projects in the coming weeks. In the mean time we felt it was a strong priority to provide more information regarding the Company's new direction.
Our shareholders can expect up to 5 separate dividends in cash and stock from these transactions as we move projects towards completion in the coming months. Not to tip our hand, however initial numbers that are coming back indicate a factor pay out of 20 to 30 times greater than the current share price of MONA as a return in cash and stock to our long time shareholders and followers. This is in addition to the first dividend distribution for Good Life China, (GLCC) issued earlier this year".
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.
CONTACT: corporate@monacorporation.com;
Telephone USA: (702) 508-4172, Mark Hamilton, Investor Relations
CONTACT: corporate@monacorporation.com; Telephone USA: (702) 508-4172, Mark Hamilton, Investor Relations
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