THE MUNSTA BOARD

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EEGI news, an old one of mine

Wednesday, December 09 2009 9:18 AM, EST Eline Entertainment Group Inc. (EEGI) Finalizes Merger China Education Company PR Newswire "US Press Releases "
HARBIN, China , Dec. 9 /PRNewswire-FirstCall/ - Eline Entertainment Group Inc. (EEGI), www.elineentertainment.com (temp web site) further to the company news release of Nov 11, 2009 where amongst other things the company announced its search for a suitable merger candidate the company is pleased to announce the completion of its merger with Innovation Investment Co., Ltd. ( Inn Group ). See http://www.ydwtz.com/eng/.

Innovation Investment Co. specializes in operating educational centres in North East China and specialty financial services. Founded in 1999, Innovation Education Group has developed into a conglomerate group enterprise consisting of Innovation Investment Co., Ltd ( Heilongjiang ), Innovation Investment Co., Ltd ( Guangzhou ), Innovation Management INC, Innovation Nursery School , Innovation Elite Nursery School (demonstration kindergarten of South China ), Innovation Elite Nursery School (demonstration kindergarten of Northeast China ), De Tian Enterprise Management Consulting Co., Ltd , Innovation Educational Science Research Institute .

The assets being vended in EEGI are valued at over 10 million dollars . EEGI intends to recapitalize to 888 million shares and pay about 780 million shares to the Inn Group for the asset, or approximately $2.5 million dollars .

Mrs. Wei Hong , the incoming CEO and a spokesperson for the Inn Group said, "We've met with the EEGI representatives to discuss the present position of our company. Because of the relatively low float of about 90 million shares in EEGI we are advised that the appreciation of EEGI stock with our merger, together with the mindset that all of our 780 million shares will be restricted; the 10 million dollar valuation would quickly be acknowledged by the market forces."

In other company news, EEGI currently has a "skull and bones" rank which stems from activities dating back to 2007 of the previous management. The company is working diligently to complete its financial filings with Pink Sheets including its Q3 report which should earn the company a "Yield" or the top 2 tier ranking with Pink Sheets.

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