You need to upgrade your Flash Player
Home arrow News arrow MVTG Announces Creation of Mantra China Limited.
MVTG Announces Creation of Mantra China Limited. PDF Print E-mail

Seattle, WA, June 18, 2008: Mantra Venture Group Ltd. (“Mantra” –OTCBB: MVTG—FSE: 5MV) is pleased to announce that it has established Mantra China Limited, a Hong Kong company, to develop and market Mantra’s technologies and services throughout Asia.  Mantra China is a joint venture between Mantra and two Hong Kong based partners, Green China Developments Limited and Gateview Group Limited.  Mantra holds a 51% stake in the new venture.

OTCBB: MVTG – FSE: 5MV

“Mantra China will be the vehicle for the Mantra group of companies to establish a strong brand presence in Asia, identify new markets for our products, and build strategic alliances with technology developers, manufacturers and financiers”, says Dan Funaro, member of Mantra’s Corporate Advisory Board.  Mr. Funaro goes on to say, “the new venture also aims to establish Mantra as a North American distributor of innovative green technologies developed and produced in Asia.” 

Mantra China is already in negotiations to acquire exclusive North American distribution rights to a line of solar power LED products produced in China.  “There are an abundance of opportunities available here in North America to market and distribute these innovative products”, says Larry Kristof, President and C.E.O. of Mantra, “we have identified many sectors such as government, business and individual consumers who will benefit tremendously from the use of these products, both in terms of cost-savings and also in terms of reducing their carbon footprint.”

About Mantra:
Mantra, through its group of sustainable energy, carbon reduction and consumer product subsidiaries, is active in the green technology marketplace with an innovative, multi-faceted approach focused on profitability through sustainability.  By aggressively seeking out new technologies and innovating solutions for a cleaner earth for everyone, Mantra intends to provide a highly profitable, socially and environmentally responsible investment for its shareholders. 

Mantra is a public company quoted on the OTC BB under the symbol MVTG and on the Frankfurt Stock Exchange under the symbol 5MV.  For more information please visit us at www.mantraenergy.com.

Forward-Looking Statements:
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Mantra Venture Group's filings with the Securities and Exchange Commission which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.

Contact: Terry Johnston
Investor Relations
Phone: 604 267 3022
Email:  This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
Website: http://www.mantraenergy.com