BEIJING, May 23 /PRNewswire-FirstCall/ -- Goodlife China Corporation (GLCC) http://www.goodlifechina.com/ (Good Life) is pleased to announce the launch and opening of 5 new stores as of May 22, 2008. Three stores are located in Cangzhou, one is in Beijing, and the other one is in Shijiazhuang. In addition, four new suppliers signed up with Good Life China. Our transaction online reached (Yuan)930,000.00 ($133,000.00 USD) with the sum of distribution of (Yuan)660,000.00. ($95,000.00 USD). Mr. Yang, a company spokesperson, said, "Just so that our readers are clear these are 5 new locations in addition to the 15 we announced earlier this week".
The company has also recently commenced its on line marketing campaign for its North American operations with paid advertising links on portals such as franchiseworks.com and franchisesolutions.com to name a few. The marketing campaign produced immediate results with several new, and pending licensees already signed up. Our North American operations also received a beta version of the new on line software. "The software way overdue from the asset purchase period, is shaping out to be well worth the wait," said Mr. Peter Tate, Senior Vice President Sales & Marketing. "One of the unique features the software has is its self rotating lead, and loan distribution feature which essentially allows more loans to be processed, more quickly and approval time is drastically reduced. It would not surprise me if our http://www.moneylendingbusiness.com/ software becomes the industry leader very quickly." The company expects to take delivery of the full version no later than the 3rd quarter of this year.
In other company news, the company has ordered a NOBO list for the purposes of reconciling the corporations free trading share structure. The company intends to make its findings public at the earliest convenience, including its corporate plans and remedy plans regarding restoring its recently massively devaluated share price.
Some of the possible options currently under consideration were outlined in the company's May 10th 2008 news release.
About Good Life China Corporation.
Good Life China Corporation operates a rapidly growing chain of franchised convenience stores based in Hebei Province, China. It employs advanced retail concepts such as e-commerce enabled POS/back office systems, and achieves significant economies of scale on the supply side of the business. It will be expanding geographically to neighboring Provinces, as well as offering a growing number of additional products and services, such as financial products, as it moves forward.
The Company's North American operations comprise a number of online sub prime financial services, including; the Money Lending Business.com; Forex Trading; and Advanced Electronic Funds Management.
Safe Harbor Statement
Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to the ability to close transactions being contemplated, risks related to sales, continued acceptance of Good Life China Corporation's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Good Life China Corporation's periodic reports filed with the regulatory authorities.
