BEIJING, Oct. 29 /PRNewswire-FirstCall/ -- Further to the company's Good Life China Corporation (GLCC) http://www.goodlifechina.com/ news announcement on various expansions and growth strategies the company is pleased to provide the following update on the current status and forward guidance.
At present, Haorizi Co., Ltd warehouse network (http://www.huozhan.com/) has in operation 3 branches and 3 distribution centers serving over 1,800 Huozhan proprietary outlet members and an additional 800 supplier members. in Hebei Province, there are more than 50,000 villages and towns with 70 million permanent residents. There is over 3,000 towns, 2,000 urban communities and 16 million permanent residents in Beijing alone. In the next 5 years, Haorizi Co., Ltd plans to invest and set up, up to 20 logistic distribution centers in Beijing, Tianjin and Hebei. There will be 20 additional braches providing information and logistic distribution service for 30,000 outlet members and 6,000 supplier members. At present, the company and its operating subsidiaries collectively earn the enterprise RMB 66.80 million yuan income from software licenses, (About 8.9 million USD) and an additional annual income of RMB 93.60 million yuan (About $12.4 million USD) from information maintenance services.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
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