Company History (from the company's website).
“We have realized one of the core competencies we have developed within MonArc, is the process of taking proven private companies public, providing growth opportunities to help them forward their business, and once they are ready to spread their wings, we can spin them off individually to generate their own long-term success”.
that is exactly the kind of company I would trust to be consistent:
Monarc Corporation was formulated in 2000. The company acquired multiple subprime short term lending companies for the B2C marketplace doing business under the brand name "Cash Now" in 2003. The company also had an array of other financial products such as IFGX and Cash Next under development for the B2B marketplace; such as invoice discounting and factoring.
In 2005 the company suffered a setback, when its head office in Florida was battered by 4 consecutive hurricanes. Without power, telephone or Internet access, the Company was unable to operate on a day to day basis. Due to this severe interruption in business, the Company delisted from being an SEC reporting issuer and consequently its stock began to trade on an unsolicited basis.
2006 became a year of restructuring and rebuilding the corporation. The company raised capital with the issuance of preferred convertible shares in order to rebuild its operational capabilities.
Soon after, in January 2007 we resumed operations. With the sweeping changes in the subprime industry and with most of the States and Provinces in North America moving to restrict our core business of pay day loans, the Company was forced to reinvent itself.
In 2007 we launched a Check 21 product (advanced electronic check clearing) services targeted to the transborder and international check market for U.S. denominated checks. A Forex division was also launched, and the Company first looked towards China as a growth market. In late 2007 MonArc sold most of its assets and subsidiaries to a China based company. Proceeds of that sale were distributed to our shareholders in the form of a stock dividend.
Near the end of 2007, we looked for another growth industry and decided to enter the specialized niche market for beverage control equipment for the hospitality industry, and related leasing of equipment to the industry. We acquired 3 promising start up entities. In addition, a controlling interest of Monarc was purchased by Brookcor Holdings, a lender to the commercial real estate market, on a cash and stock basis.
Those businesses ultimately proved to be disappointing, and they were spun out of MonArc several months later, with the paid stock returned to the treasury.
More significantly, the Company acquired Hebei Haorizi Stock Corporation (Good Life China), a fast-growing chain of convenience stores based in Hebei Province China. Numbering roughly 1,700 stores at the time, the Company was experiencing meteoric growth. Ultimately, MonArc was not in a position at that time to provide the funding desired by Good Life, and it was spun out in February in a reverse merger to become Good Life China Corporation (GLCC:PK) which has subsequently achieved Pink Checkmark status, and continues to thrive with over 3,300 stores in place at the time of writing.
In June, the Company completed a non-brokered private placement that raised $750,000 in restricted stock and share warrants. The Company acquired PP365.com, a Chinese Internet platform providing peer-to-peer content sharing services and online gaming featuring proprietary games developed in-house.
In July, it also acquired Beijing Innotrek Technology Co., an emerging growth China based ISP provider. Innotrek focuses on research and development of advanced broadband technology according to requirements of ISO 9000 to ensure quality of products developed. The company offers ‘Advanced Broadband Technology Installation Service’ for Hotels using its proprietary "Innotrek Intelligent Broadband LAN System", which combined Power Line Communication (PLC) with DSL technology and LAN technology to form a whole new Broadband technology platform.
During August and September of 2008, Company management, in conjunction with its financial and corporate advisors, revisited the Company’s business model from a completely new perspective. One of the core competencies identified by the Company was its experience in taking smaller, private company’s public, and then spinning them off. In a sense, the Company shared many similarities with a Business Development Company that is created to help grow small companies in the initial stages of their development.
With a growing network of financial consultants and government and private investors in the U.S., China and Europe; its extensive experience working to generate Investor Awareness for newly public companies; MonArc has decided to focus on that expertise. Importantly, instead of working with start-up and development stage companies, MonArc is in the position to work with mature operating companies that have meaningful revenues and established capabilities.
In essence, Good Life China was a watershed project, and the Company is now extremely well positioned in China to follow-through on larger projects with companies demonstrating superior financial performance who seek to go public in North America and Europe.
Current projects include a Chinese Marketing Company, engaged in the direct sales of herbal type cosmetically enhanced supplements. The Company currently has over 7,000 distributors, primarily in China, and is expanding internationally to a total of 18 countries across the globe.
Additionally, MonArc is initiating another project with Hubei Chuguan Industry Co. Ltd., which is a leading provider of oil vapor recovery technology in the Chinese market. This technology is already well-established in the West, and considered as a standard operating procedure for companies working with fossil based fuels, but still in the early growth stages in China.
MonArc shareholders can anticipating receiving stock dividends in these companies once they are sufficiently well-known and ready to trade on their own. At that point, the Companies are split off into shell companies, and MonArc shareholders have the opportunity to share in the success as they continue to grow.
comment: did the mean "...shareholders can , anticipating receiving stock dividends"...???
In total, there are now 5 project companies at various stages of development, and MonArc has plans to spin 2 off into OTCBB companies, another 2 into Pink Sheet companies, and the final one into a Frankfurt based shell.
MonArc is currently in the process of filing the necessary documents to become registered with market-makers and enjoy the status of trading as a solicited company. We are also taking measures to raise our Pink Sheets disclosure ranking from ‘Yield limited information’ to ‘pink check mark status’.
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