BERKELEY, Calif., May 13, 2014 /PRNewswire/ -- Flex-Power Inc.
("Flex-Power") a California
consumer products corporation that makes and markets innovative
pain relief products that address the growing needs of the athletic
community and baby boomers, today announced that its Board of
Directors has approved a plan to go public by reverse merger with
FlexPower, Inc., a Nevada
corporation, formerly MonArc Corporation, (OTCQB: MONAD),
(hereinafter, "FLXP") (the "Transaction").
By the Transaction via proposed Plan of Exchange ("Exchange"),
FLXP desires to acquire Flex-Power and the Flex-Power shareholders
desire that Flex-Power be acquired by FLXP. FLXP would acquire 100%
of the capital shares of Flex-Power in exchange for an issuance by
FLXP of 19,200,000 shares of Common Stock of FLXP to Flex-Power
Shareholders. The Exchange will give Flex-Power Shareholders a
'controlling interest' in FLXP representing approximately 97.6% of
the issued and outstanding Common Stock of FLXP. Documentation was
filed with FINRA to announce a name and symbol change of the former
MonArc Corporation as well as a one-to-10,000 reverse split to
provide a capital structure aligned with long-term growth
potential. As of the open of business on May
12, 2014, MonArc Corporation is now FlexPower, Inc. and the
temporary stock symbol is 'MONAD.' On June
9, 2014, the new stock symbol will be 'FLXP.'
Flex-Power products have earned the respect of the sports and
medical community, receiving strong endorsement from professional
athletes, team athletic trainers and healthcare professionals. Some
of the greatest athletes in the world use Flex-Power on a daily
basis and many are investors and brand ambassadors. The Company is
also proud of its partnerships with organizations that support
health-related causes, athletes and fitness including DANSKIN®
Triathlon Series, Iron Girl®, National Academy of Sports Medicine,
Trek Women Triathlon Series, USA
Weightlifting, Women's Premier Soccer League, and ZOOMA Women's
Race Series to name a few.
Flex-Power Daily Pain Relief Creams are greaseless, stainless
creams with a clean and pleasant scent. They contain no medicine
smell and are formulated without parabens. They are used by
athletes pre-activity to warm up muscles for optimal performance
and after activity for recovery from muscle, joint and arthritis
pain. Each product relies on a unique set of active ingredients and
delivery system involving the use of liposomes, tiny envelopes that
pass through the skin to carry medicine directly to the area of
pain. Athletes appreciate the gradual penetrating heat sensation of
Flex-Power creams. Flex-Power creams comply with FDA guidelines for
over-the-counter products and are available for sale at
www.flexpower.com and select retailers.
Cautionary Note Regarding Forward-Looking Statements
This document includes forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include, but are not limited to,
statements about the plans, objectives, expectations and intentions
of FLXP and Flex-Power. These statements are based on the current
expectations and beliefs of FLXP and Flex-Power's Management and
may be subject to uncertainty and changes in circumstances. FLXP
and Flex-Power Management caution readers that any forward-looking
information is not a guarantee of future performance and that
actual results may vary materially from those expressed or implied
by the statements herein, or by changes in economic, business,
competitive, technological, strategic and/or regulatory factors.
FLXP and Flex-Power are under no obligation to, and expressly
disclaim any obligation to update or alter these forward-looking
statements, whether as a result of new information, future events,
or otherwise.
SOURCE Flex-Power Inc.