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May 26, 2009 (FinancialWire) -- Mon Arc Corp. (OTC: MONA | Quote | Chart | News | PowerRating) said it has signed a share exchange agreement to acquire H&T Processing Ltd., a private Canadian seed and farm input wholesaler, with sales of just over $1.3 million CDN for the year ending December 31.
The acquisition was completed on an all-stock basis.
According to Mon Arc, H&T has in recent years expanded its physical plant and built handling facilities to increase capacities and broaden its product lineup beyond seeds to a variety of farm inputs including chemical products.
The company said that H&T has shown "significant growth" in top line revenues over the last two years.
Nevada-based Mon Arc's primary business is mass media distribution in China. The company's 365 unit is engaged primarily in on line games distribution business in China.
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Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).
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