Company History
Monarc Corporation was formulated in 2000. The company acquired multiple subprime short term lending companies for the B2C marketplace doing business under the brand name "Cash Now" in 2003. The company also had an array of other financial products such as IFGX and Cash Next under development for the B2B marketplace; such as invoice discounting and factoring.
In 2005 the company suffered a setback with 4 consecutive strikes of hurricanes of 2005 while domiciled in Florida. Unable to operate on a day to day basis without interruptions we delisted from being am SEC reporting issuer soon after and consequently our stock was re ranked as an unsolicited stock. 2006 was our reconstructing year. The company used the time out to raise capital with the issuance of preferred convertible shares.
Soon after in January 2007 we resumed operations. With the sweeping changes in the subprime industry and with most of the States and Provinces restricting this product use the company looked at different industries. In 2007 we launched a Check 21 product and a Forex division and looked towards China as a growth market. In late 2007 we sold these aforementioned operating assets to a China based company. The proceeds of that sale were distributed to our shareholders.
In early 2008 we looked for another growth industry and decided to enter a specialized industry leasing industry being beverage control. We acquired 3 start up entities in the hospitality control industry. In December 2007, the controlling interest of Monarc was purchased by Brookcor Holdings; on all cash and stock basis. Those businesses were spun out several months later and the paid stock returned to the treasury. We identified a China based mass distribution company and completed a reverse merger with them through their Belize holding company Fulushu Limited in June 2008.
We continue operating these entities as we near completing of the development of our B2B product line. We are also currently in a process of filing certain documents to remove the warning sign from the Pink Sheets quotation system and to again become a solicited company, with future plans on becoming an SEC reporting issuer. We are also taking measures to raise the pink sheets ranking from "Yield limited information" to a "pink check mark status"
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