Flex-Power Inc. Announces Proposed Reverse Merger into Wholly Owned Subsidiary of FlexPower, Inc. (formerly, MonArc Corporation) - NBC12.com - Richmond, VA News

Flex-Power Inc. Announces Proposed Reverse Merger into Wholly Owned Subsidiary of FlexPower, Inc. (formerly, MonArc Corporation)

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SOURCE Flex-Power Inc.

Merger Would Allow Flex-Power Greater Access to Public Markets and Affords Investment Opportunity in its Common Stock as the Company Explores New Business Channels and Expansion Opportunities

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.

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