BEIJING, China, May 27 /PRNewswire-FirstCall/ -- Good Life China Corp is pleased to announce that it has completed its meetings and discussions with Mr. Gerhaman Mire, Director of German and East Asia Trade Relation Dept. The German delegation visited the headquarters of Goodlife in Hebei accompanied by Director of market system construction department of Hebei Commerce Ms. Ma Zhongyu, and the Deputy Director of International relation department of Hebei Commerce Mr. Gu Sanlong. Mr. Gerhaman Mire was particularly interested on the exploration of rural market by Goodlife. Mr Mire expressed praise to the mode of the e-business operation and logistics distribution of Good Life.
Ms. Dong Mai Jia, Good Life CEO, said "Good Life has entered into a tremendous growth stage. Just to put all of this in focus, our Distribution Turnover to Stores, from 2005 to the first quarter of 2008 are as follows:
- 2005: RMB 0.23 billion - 2006: RMB 0.42 billion - 2007: RMB 0.80 billion - First quarter of 2008: RMB 0.31 billion
We do not hide the fact that we are disturbed by the recent unexplained massive and rapid share price decline. We are exploring every opportunity to see our share price resumed or returned to its previous levels. This has become GLCC and our IR advisory team's top priority. If this means moving to another exchange, doing a spin off or a split off, we are examining all of our options as we move forward towards reaching our goals."
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.
http://www.goodlifechina.com/ 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.
