Flexpower Inc. (FLXP)

[crazy horse 0]

Nov. 17 a series of dividend payments previously announced very shortly as well.

BEIJING, Nov. 17 /PRNewswire-FirstCall/ -- Mon Arc Corporation http://www.monacorporation.com/ PINKSHEETS: MONA.PK is pleased to announce that it has completed its due diligence on the Peru mining project and that it is in the final stages of finalizing the transaction with the principals of the Peru mining project. The company will issue various due diligence reports and its findings via filings on pink Sheets on this project to its shareholders and followers. This will also be followed up with a new web site that is entirely mining based.

The company expects to close this transaction within the next 7-10 days and does not foresee any delays or complications.

Mr.Yves Yang a spokesperson with the company said as previously announced "We continue discussions with an already established mining company who continues to express serious interest in our new Peruvian mine venture. Talks are also on going with a Chinese educational school for the PP365.Com assets. We remain focused and are moving on both fronts with both of these deals, meaning sale of assets of PP365 and merger with the Peruvian mining company. Realistically speaking it is quite possible that both of these transactions may very well come to fruition by the end of this quarter"

The company will provide further updates as they become available. The company also expects to make a series of dividend payments previously announced very shortly as well.

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CONTACT: For corporate matters contact:

DATASOURCE: MonArc Corporation (MONA)

CONTACT: For corporate matters contact:

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