MonArc Corp (MONA) Identifies Targeted Merger Company As PP365.Com

BEIJING, June 11 /PRNewswire-FirstCall/ - MonArc Corp (MONA) www.monacorporation.com is pleased to announce its targeted Chinese based merger company as PP365.com, (365) www.pp365.com. The 365 company is engaged primarily in the on line move and games distribution business in China. Mr. Yong Chen, the incoming CEO of MONA, said: "We are very pleased to be given this opportunity to make our business grow, and with the assistance of the existing MONA management and guidance, I think this is very possible. We are familiar with the background of MONA and the existing mortgage and entertainment control businesses that are being spun out which didn't quite take off as the management had envisioned. We are thankful to our IR corporate advisors at Mina Mar Group, Mr. Robert Xu who introduced us to the company and Mr. Winters whose guidance and experience in the public arena and who was pivotal in our decision to proceed further.

We see this merger as a new start for all of the new and existing shareholders of both MONA and PP365. I wish to add that all of the existing management of MONA has been quite civil and very cooperative in the transfer of control and the management posts. We are structuring this transaction to see Mr. Steen Elgaard remain in charge of the IFGX division and possibly even integrate and launch the Cash Next project. I on the other hand will be primarily focused on operating and managing the PP365.Com business on a day to day basis with our staff of 50 members consisting of hired technicians' customer service clerical and sales reps. PP365 operates in 3 offices: Beijing, Nanchang and Guangzhou China.

I want to use this opportunity to introduce our company and the potential it brings to the table to our new and existing shareholders. PP365.Com has been in business for the past 10 years. On the technical side we primarily are engaged in information technology sector. We specialize in peer to peer technology, we deploy Java and run a PHP database. On the financial and operational side we currently have 100 million (one hundred million) registered users. PP365 is ranked as top 5 PP software (like emute download software). Please see Alexa.Com (Alexa is an Amazon.Com company that ranks web page popularity) http://www.alexa.com/data/details/traffic_details/pp365.com. PP365.Com derives its traffic and income source as follows: China 91.3%, South Korea 6.6%, Malaysia 0.2%, Hong Kong 0.1%, Taiwan 0.1%. Pp365.com traffic rank in other countries is: China 4,220, South Korea 10,576, Hong Kong 78,910, Malaysia 104,597, Taiwan 181,215. On the marketing side of our operations, PP365 is sole agent for the Internet game "Sanguo" developed by Korean game developer and affiliate. Sanguo is a very popular game in China and throughout ASIA. PP365 year end is shaping out to show about 1.5 million USD profit, bottom line."

Mr. Yong Chen is a Jiagxi University graduate in mathematics, 46 years old, single, no children and makes his home in Beijing China.

In other company updates, the issuer will re returning about 225 million shares to the treasury from escrow held accounts for the spun off companies Syscon, Horescon and Brookcor, the current operating subsidiaries of MONA. The issuer will be updating the pink sheets as these events occur together with the new MONA web site reflecting the new operating subsidiary PP365.Com business.

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.

SOURCE MonArc Corporation (MONA)