MonArc (MONA) Anti-Dilution And 50 Million Share Buyback Program

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Fri Sep 5, 2008 6:40am EDT

BEIJING, Sept. 5 /PRNewswire-FirstCall/ - MonArc Corporation,
www.monacorporation.com, (Pink Sheets: MONA) the issuer announced today that
it has entered an agreement with several of the majority shareholders, that
the Company will not seek any sort of additional equity funding or any other
sort of financing that would create dilution in the Company's stock.
In addition, the Company plans to conduct a share buyback of no less than 50
million shares either on the open market or directly from the stakeholders,
and retire them back to the treasury.
The anti-dilution agreement is actually a lock up agreement. It is valid until
the spin-off of existing companies is completed and dividends have been issued
to current shareholders in accordance with the previously made announcements.
This encompasses the acquisitions of both the direct marketing company, MCD,
as well as the acquisition and spin off of the environmental oil services
company, Hubei Chuguan Industry Co. Ltd.
MonArc CEO Chan Yong told investors yesterday that; "We have made a series of
major announcements and have repositioned the Company and its core business
model in a very significant fashion. This agreement is designed to formally
address any uncertainty about the equity position of the Company and assure
current shareholders of a stable trading environment to avoid speculation
regarding any potential dilution.
We are also initiating a share buyback program of no less than 50 million
shares and their retirement to the treasury. Shortly we will post our actual
certified share count from our transfer agent, Heritage Trust on Pink Sheets
showing the current share structure sum and the updated share structure once
the buyback is completed. We feel very strongly that the Company is entering a
new era and that our shareholders can look forward in confidence to superior
performance of the Company's stock."
Mr.Garr Winters, the company's Secretary added, "Our stock target price aim is
as close to the post reverse stock split price of 0.20 cents per share or as
close as we can get to that goal. We acknowledge that there will be flippers
and profit takers along the way and rightfully so, however plans and measures
are being implemented as we speak that will see the greatest reward and return
returned to our long term followers which is long overdue.
We have made several promises to our followers over the last 24 months that
remain unfulfilled. For years, it has always been our corporate philosophy to
under-promise and over-deliver. It is our intent to demonstrate this and
restore our eroded values once and for all. Our new corporate business model
as per the Pink Sheet filings and interview that will soon be aired on various
media sources will be posted on our website shortly.

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@monarccorporation.com, Tel: (702) 508-4172, Investor
Relations

CONTACT: corporate@monarccorporation.com, Tel: (702) 508-4172, Investor
Relations

SOURCE  MonArc Corporation (MONA)

corporate@monarccorporation.com, Tel: (702) 508-4172, Investor Relations
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