MonArc Corp. (MONA:PK) in a new business line: Apparel fashion retail wholesale chain

Jan 15, 2010, 08:30 ET from MonArc Corporation (MONA)

BEIJING, China, Jan. 15 /PRNewswire-FirstCall/ - MonArc Corporation (MONA.PK; announces their China operations of EE Global, a subsidiary under Mona, has opened a new business line: high-end apparel fashion retail wholesale chain, through its China-based design studio Yezhifeng Media. The chain runs through high-end shopping malls and targets the growing number of rich people and upstarts in China who are the first group of people harvesting the rapidly rising Chinese economy. The strategic goal of this initiative is to leverage the design talents of its own commercial design studio, and also pilot its designs through its own chains before mass marketing to others, while also increasing revenue streams and making high profit margins, because we can charge much higher prices in those high-end malls and to those rich people as they are not price-sensitive. The two retail stores and one wholesale store, respectively in three high-end malls, have been opened in Shenzhen, China. The first three-months pilots of all three stores have been great successes and store traffic and profits are way beyond our expectations. One more new store will be opened in Wuhan, China soon. In the future, as our chain grows in China, beside promoting our own designs, the chain will also partner with worldwide great fashion brands in Europe and North America and resell and act as their agents in the Chinese market.

Safe Harbor Statement

Information in this news release may contain statements about future expectations, plans, prospects or performance of MonArc Corporation that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be", "expects", "may affect", "believed", "estimate", "project" and similar words and phrases are intended to identify such forward-looking statements. MonArc Corporation cautions you that any forward-looking information provided by or on behalf of MonArc Corporation is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. MonArc Corporation's actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond MonArc Corporation's control. In addition to those discussed in MonArc Corporation's press releases, public filings, and statements by MonArc Corporation's management, including, but not limited to, MonArc Corporation's estimate of the sufficiency of its existing capital resources, MonArc Corporation's ability to raise additional capital to fund future operations, MonArc Corporation's ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match MonArc Corporation's capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. MonArc Corporation does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.


SOURCE MonArc Corporation (MONA)