Monarchy Ventures Inc.

December 21, 2015 15:54 ET

Innovative New App Takes on Billionaire-Backed Industry

LAS VEGAS, NEVADA--(Marketwired - Dec. 21, 2015) - Monarchy Ventures Inc. (OTC:MONK) is pleased to announce it has acquired the worldwide marketing rights to a health and fitness app called 60K which is currently under development for iPhone, Android, tablets and desktop computers.

Unlike other health and fitness apps on the market, 60K does much more than just count calories and record physical activity. Although it will integrate seamlessly with the most popular wearable trackers like Fitbit™ and Jawbone™, its unique algorithm looks at the biological, physiological, and fitness profile of each user, designs a custom diet and fitness plan, and provides regular prompts as to when and what to do and eat throughout the day.

The average human lifespan is approximately 30,000 days, but with 60K the developers hope to double that. By following this simple app, available on a monthly subscription basis, users can prevent premature aging by slowing down and even reversing the aging process. In addition to the long term benefits, users will experience short term results such as lower blood pressure, glucose levels, and cholesterol while optimizing their heart rate and caloric intake.

Under the terms of the agreement, Monarchy will provide $100,000 in initial financing to complete the development of the app as well as for marketing the release of a prototype. The prototype is expected to be available for beta testing by January 31st. Once 60K is available for general release, Monarchy will conduct all the sales and marketing and take a share of the profits.

Furthermore, effective December 21, 2015, the Company appointed Andrey Smirnov, the owner of the intellectual property, to our Board of Directors. Said Mr. Smirnov, "I am excited to be joining forces with Monarchy to develop and promote this app. I recently read an article on Tech Insider that many of the big names in the technology sector, like the founders of Paypal, Oracle, Google, and Facebook, are investing heavily in anti-aging projects and I believe 60K will soon be a worthy contender in this marketplace."

Our Board of Directors intends to effect a name to better reflect this enhanced business direction of the Company. The name change will be submitted for review to the Financial Industry Regulatory Authority ("FINRA"). The Company anticipates announcing the completion of the FINRA review and the effectiveness of these changes in a subsequent press release.

The Tech Insider article referenced above is available at:

Notice Regarding Forward-Looking Statements

This press release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with intellectual property protection, marketing and sale, manufacturing and distribution and difficulties associated with obtaining financing on acceptable terms. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

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