MonArc Corporation (MONA) News
MonArc Corp (MONA) Takes Legal Action Against Spammer - Stock Basher WPSnet
BEIJING, July 3 PRNewswire-FirstCall - MonArc Corporation, www.monacorporation.com (Pink Sheets: MONA). The issuer has been made aware of certain spam and slanderous types of messages that appear to be originating from the issuer's previous domain name. The issuer has identified the malicious perpetrator as WPSnet International (http://www.wpsnet.com/script/site/default.asp). It also appears that the Pink Sheets has identified the perpetrator in the past and issued a "Caveat Emptor" rating on WPSnet International with this verbiage: Spam - The security is the subject of spam. Investigation of Fraud - There is a known investigation of fraudulent activity committed by the company or insiders; including suspension of trading of the perpetrators stock by the SEC. The issuer has received an express apology from WPSnet International agent with a written formal apology to be immediately forthcoming. No written apology was received by the issuer despite several requests. The reasons for these malicious messages are still unknown to the issuer, however it is clear to the issuer that the motives and intent to discredit the issuers security and share price was WPS goal.
Notwithstanding, the issuer has instructed its corporate advisor in Toronto Canada to commence legal proceedings forthwith against WPSnet International and its principals. The issuer is aware that these types of false and misleading messages serve only 1 purpose which is apparent on their face. The issuer being an online Internet business takes these slanderous and false messages seriously. Mr Yong Chan said "Preserving shareholder equity and rights is our top priority. We do not intend to sit idle while this perpetrator engages in these types of activities from Europe, where our security just happens to be short sold the most." The issuer intends to expand the scope of its litigation against other organizations that harbour these types of activities without further notice.
The common shares of the Company are currently listed in the USA (symbol MONA) and the Frankfurt Stock Exchange (Xe:GZWM)
CONTACT: www.minamargroup.com/helpdesk 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.
SOURCE MonArc Corporation (MONA)
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