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MonArc Corp (MONA) PP365 Exclusive Korea Agreement

2008-07-16 05:45:00

    BEIJING, July 16 /EMWNews-FirstCall/ - MonArc Corporation 6:30 AM

EST, (Pink Sheets: MONA). The issuer is pleased to

announce that it has successfully negotiated an exclusive agreement with

the South Korea WEAVER INTERACTIVE INC online game developer 3guo. PP3656

will become the China mainland exclusive distributor for Weaver. PP365 will

with its preparatory technology begin offering sub distributors both

retail, and online with joint source coding that will ensure it receives

its revenue share portion of the online games from the sub distributors.

The issuer plans to launch a beta test of this technology by next week so

to immediately commence earning revenues.

    In other corporate updates, the issuer will post further info on the

Innotrek the broadband merger candidate on its corporate web site, including images, powerpoint and a business plan.

The issuer also intends to seek a buyer of its North American operations so

that the company can truly be focused on the technology sector of mainland

China operations, and not be defocused by other existing divisions. The

issuer has identified a Swiss based holding group with a publicly traded

start up company that has expressed serious interest in acquiring MONA's

North American assets, and operations. That issuer trades in Germany, on

the Frankfurt small cap exchange. The issuer will provide further details

on this and the sub licensing testing shortly.

    The common shares of the Company are currently listed in the USA

(symbol MONA) and the Frankfurt Stock Exchange (Xe:GZWM).

CONTACT: Safe Harbour Statement 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.

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