Flexpower Inc. (FLXP)

[CaptainD2u]

HEAR HERE, Regards,CaptD.
BEIJING, Oct 15, 2008 /PRNewswire-FirstCall via COMTEX/ --
www.monacorporation.com PINKSHEETS: MONA.PK is pleased to announce the company
is currently negotiating the acquisition and or a merger of a Peru-based mining
company. The Company in question has two properties under development. The first
is a gold resource, while the second is a promising copper exploration property.
Both are located in key areas of interest in the foothills of the Andes
mountains.

MonArc has entered into the due diligence stage of negotiations, and will be
providing more detail on the properties shortly, after management review is
completed.

Peru is an increasingly important natural resources market, with a number of
major mining corporations having made large investments in bringing gold mines
into production, perfectly timed with the rise of gold commodity prices, and
continued strength of gold, given the recent economic turmoil.

Company spokesperson Mary Yang commented, "Our initial review of the data and
presentations made by the mining company merit serious attention. If the data
proves out, this could be the next major undertaking for MonArc, and an
excellent way to add value to our shareholders. As investors following our stock
have seen, we have delivered a number of stock and cash dividends to MonArc
shareholders when we divest companies within our portfolio."

Our webmaster has been tasked with uploading pictures of these mining properties
onto the corporate website at this link
http://www.monacorporation.com/perugoldmine/