BEIJING, Nov. 25 /PRNewswire-FirstCall/ - Mon Arc Corporation www.monacorporation.com (MonArc) PINKSHEETS: MONA.PK MonArc management is pleased to announce this operational update to its shareholders and followers.
Mr. Alex Diaz, the company geologist and Andrea SA Co-President said, "Andrea SA project is not only an exploration opportunity, but a project in current production with the first full week's 24hr production producing in excess of 3 kg or 100 ounces of traditional Inca Gold and 1 kg of Silver. This is a spectacular result given production only began in August of this year, and is only processing about 50 tons per day.
All ore currently being processed at Andrea Gold SA production facility is averaging 12 grams per ton. This is extremely rare in the mining industry to be processing grades as high as this, along with the low wage environment, and modern, latest technology mill and floatation plant, continues to make this plant one of the most profitable operations anywhere in the world.
With current production this represents an expected profit in excess of 1m dollars per year, and with small changes being planned and shortly to be made to the plant, a 2 and 3 fold increase in the level of production is foreseeable. As we move forward with MONA we expect the net profit to reach 2-3 million dollars or a price earnings of around 5c per share. 10-15 million in profit is our projected and an achievable targeted goal within the next 2-3 years."
Safe Harbour statement under the Private Securities Litigation Reform Act of 1995: Certain forward 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.
Get the Facts Right. The issuer works hard to continue to keep our shareholders informed, and news is updated frequently via Press Releases, Pink Sheet www.pinksheets.com filings, and updates to our websites. Other websites not sponsored, or recognized by the Company may provide misleading or disinformation to investors in order to manipulate trading patterns for a given stock. Always look for original content from trusted sources, rather than relying on 'excerpts' or discussion boards that may not give you the whole story. The Securities and Exchange Commission requires financial institutions or brokerage firms to provide their clients with documentation, describing the risks of investing in penny stocks.
Tuesday, November 25, 2008
Monday, November 24, 2008
MonArc Corporation (MONA) Completes Peru Andrea SA Gold Mine Merger
BEIJING, Nov. 24 /PRNewswire-FirstCall/ - MonArc Corporation www.monacorporation.com PINKSHEETS: MONA.PK MonArc management is pleased to announce the closing of the merger with Andrea Gold SA. This merger adds considerable value to MONA shares with the currently operating and producing Gold plant in Northern Peru and associated gold leases have an estimated value of at least 4-5 million dollars.
Key staff of Andrea SA are Mr.Alex Diaz, himself a US trained geologist and his partner Mr.Pablo Rodriguez a qualified metallurgist. Together they have put together an excellent team of experienced mining people and the project is a credit to them. MonArc Corporation intends to name both individuals as one of its officers and board members of the company shortly.
This project is not only an exploration opportunity, but a project in current production with the first full week's 24hr production producing in excess of 3 kg or 100 ounces of traditional Inca Gold and 1 kg of Silver. This is a spectacular result given production only began in August of this year, and is only processing about 50 tons per day.
Given the closest processor in Peru is more than 600 miles from Andrea SA plant, this gives a huge advantage in sourcing ore, to supplement the ore from the company leases.
All ore currently being processed at Andrea Gold SA production facility is averaging 12 grams per ton, this is extremely rare in the mining industry to be processing grades as high as this, along with the low wage environment, and modern, latest technology mill and floatation plant, continues to make this plant one of the most profitable operations anywhere in the world.
Safe Harbour statement under the Private Securities Litigation Reform Act of 1995: Certain forward 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.
Get the Facts Right. The issuer works hard to continue to keep our shareholders informed, and news is updated frequently via Press Releases, Pink Sheet www.pinksheets.com filings, and updates to our websites. Other websites not sponsored, or recognized by the Company may provide misleading or disinformation to investors in order to manipulate trading patterns for a given stock. Always look for original content from trusted sources, rather than relying on 'excerpts' or discussion boards that may not give you the whole story. The Securities and Exchange Commission requires financial institutions or brokerage firms to provide their clients with documentation, describing the risks of investing in penny stocks.
Key staff of Andrea SA are Mr.Alex Diaz, himself a US trained geologist and his partner Mr.Pablo Rodriguez a qualified metallurgist. Together they have put together an excellent team of experienced mining people and the project is a credit to them. MonArc Corporation intends to name both individuals as one of its officers and board members of the company shortly.
This project is not only an exploration opportunity, but a project in current production with the first full week's 24hr production producing in excess of 3 kg or 100 ounces of traditional Inca Gold and 1 kg of Silver. This is a spectacular result given production only began in August of this year, and is only processing about 50 tons per day.
Given the closest processor in Peru is more than 600 miles from Andrea SA plant, this gives a huge advantage in sourcing ore, to supplement the ore from the company leases.
All ore currently being processed at Andrea Gold SA production facility is averaging 12 grams per ton, this is extremely rare in the mining industry to be processing grades as high as this, along with the low wage environment, and modern, latest technology mill and floatation plant, continues to make this plant one of the most profitable operations anywhere in the world.
Safe Harbour statement under the Private Securities Litigation Reform Act of 1995: Certain forward 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.
Get the Facts Right. The issuer works hard to continue to keep our shareholders informed, and news is updated frequently via Press Releases, Pink Sheet www.pinksheets.com filings, and updates to our websites. Other websites not sponsored, or recognized by the Company may provide misleading or disinformation to investors in order to manipulate trading patterns for a given stock. Always look for original content from trusted sources, rather than relying on 'excerpts' or discussion boards that may not give you the whole story. The Securities and Exchange Commission requires financial institutions or brokerage firms to provide their clients with documentation, describing the risks of investing in penny stocks.
Sunday, November 23, 2008
MonArc Corporation (MONA) Completes Peru Visit Andrea SA Gold Mine
BEIJING, Nov. 21 /PRNewswire-FirstCall/ - Mon Arc Corporation www.monacorporation.com PINKSHEETS: MONA.PK management representatives have completed their on-site inspection of the Andrea Gold mine operation in Peru.
While the MonArc team is still traveling they have been able to provide a top line summary of the results of their field work. The have had the opportunity to view the current operations of the mine, led by a geologist familiar with this particular gold play.
In addition, they were fully briefed on the status of the assays to date, and the progress being made to complete its form 43-101 filing, which will provide an analysis of the proven and probable reserves of the mine based on industry standard requirements.
MonArc CEO, Mr. Yong Chan advises; "Based on these initial reports, all parties are eager to finalize this acquisition. We are currently drawing up the necessary documents to complete the acquisition, and anticipate that the deal can close very shortly." Mr. Alex Diaz President of Andrea SA Mine in Peru (targeted merger company) said "We are pleased to have met the MONA management and their advisors and I'm particularly pleasantly impressed with MONA executive management and its corporate Secretary Mr. Winters. While we were approached by others for the merger and business cooperation Andrea SA and its managers feel that MONA is the best fit for all concerned."
The Company will provide additional updates as information continues to come in from the field, and expects to have the team back next Wednesday, the 26th of November.
Safe Harbour statement under the Private Securities Litigation Reform Act of 1995: Certain forward 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.
Get the Facts Right. The issuer works hard to continue to keep our shareholders informed, and news is updated frequently via Press Releases, Pink Sheet www.pinksheets.com filings, and updates to our websites. Other websites not sponsored, or recognized by the Company may provide misleading or disinformation to investors in order to manipulate trading patterns for a given stock. Always look for original content from trusted sources, rather than relying on 'excerpts' or discussion boards that may not give you the whole story. The Securities and Exchange Commission requires financial institutions or brokerage firms to provide their clients with documentation, describing the risks of investing in penny stocks.
While the MonArc team is still traveling they have been able to provide a top line summary of the results of their field work. The have had the opportunity to view the current operations of the mine, led by a geologist familiar with this particular gold play.
In addition, they were fully briefed on the status of the assays to date, and the progress being made to complete its form 43-101 filing, which will provide an analysis of the proven and probable reserves of the mine based on industry standard requirements.
MonArc CEO, Mr. Yong Chan advises; "Based on these initial reports, all parties are eager to finalize this acquisition. We are currently drawing up the necessary documents to complete the acquisition, and anticipate that the deal can close very shortly." Mr. Alex Diaz President of Andrea SA Mine in Peru (targeted merger company) said "We are pleased to have met the MONA management and their advisors and I'm particularly pleasantly impressed with MONA executive management and its corporate Secretary Mr. Winters. While we were approached by others for the merger and business cooperation Andrea SA and its managers feel that MONA is the best fit for all concerned."
The Company will provide additional updates as information continues to come in from the field, and expects to have the team back next Wednesday, the 26th of November.
Safe Harbour statement under the Private Securities Litigation Reform Act of 1995: Certain forward 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.
Get the Facts Right. The issuer works hard to continue to keep our shareholders informed, and news is updated frequently via Press Releases, Pink Sheet www.pinksheets.com filings, and updates to our websites. Other websites not sponsored, or recognized by the Company may provide misleading or disinformation to investors in order to manipulate trading patterns for a given stock. Always look for original content from trusted sources, rather than relying on 'excerpts' or discussion boards that may not give you the whole story. The Securities and Exchange Commission requires financial institutions or brokerage firms to provide their clients with documentation, describing the risks of investing in penny stocks.
Tuesday, November 18, 2008
New Asia Gold Corp. Begins Negotiations to Enter Into a Joint Venture Involving Gold Leases With Proven Gold Reserves
BOCA RATON, Fla., Nov. 18, 2008 (GLOBE NEWSWIRE) -- New Asia Gold Corp. (Other OTC:NWAG.PK - News) is pleased to announce that it has begun negotiations to enter into a Joint Venture with a U.S. exploration Company with existing gold leases in South America. The leases have proven gold reserves. New Asia Gold is examining existing data to evaluate the current proven reserves and the potential of the leases. Preliminary evaluations show that this is an excellent opportunity for the Company and could increase its reserves substantially.
New Asia Gold Corp. (NWAG) is a successful exploration company that has found and defined proven gold reserves of 330,000 ounces of gold with a value, after extraction costs, of US$282 million assuming an average gold price of $850 per ounce. The Company has further estimated probable reserves of 2.5 million ounces of gold based on independent engineering reports.
New Asia Gold Corp. trades in the United States on the NQB Pink Sheets under the symbol ``NWAG''. For further information please contact Nancy Goldman at (561) 962 4139 or go to http://www.newasiagold.com.
NOTE: Certain statements in this press release are ``forward-looking statements'' within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause results to differ materially. Such risks, uncertainties and other factors include but are not limited to new economic conditions and factors described in independent reports, company reports and other filings with regulatory bodies.
New Asia Gold Corp. (NWAG) is a successful exploration company that has found and defined proven gold reserves of 330,000 ounces of gold with a value, after extraction costs, of US$282 million assuming an average gold price of $850 per ounce. The Company has further estimated probable reserves of 2.5 million ounces of gold based on independent engineering reports.
New Asia Gold Corp. trades in the United States on the NQB Pink Sheets under the symbol ``NWAG''. For further information please contact Nancy Goldman at (561) 962 4139 or go to http://www.newasiagold.com.
NOTE: Certain statements in this press release are ``forward-looking statements'' within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause results to differ materially. Such risks, uncertainties and other factors include but are not limited to new economic conditions and factors described in independent reports, company reports and other filings with regulatory bodies.
Monday, November 17, 2008
New Asia Gold Defines Gold Mineralization in 6 Different Zones
BOCA RATON, Fla., Nov. 17, 2008 (GLOBE NEWSWIRE) -- New Asia Gold Corp (Other OTC:NWAG.PK - News) is pleased to announce that the company has delineated 6 different zones with what the company believes is commercial gold mineralization in each zone. Current proven reserves (330,000 ounces of gold) are based on only 3 of the 6 zones.
Further, in one of the zones that has been defined as a probable reserve the Company has a drill hole with 37 meters (110 ft.) of silicified rock with high grades of gold. This rock intersection with high grade gold is identical to the rock in the main silica cap where independent reports indicate that there is 180,000 ounces of proven gold. It is anticipated that the drilling program will increase the current proven reserves (330,000 ounces of gold) by at least double.
New Asia Gold Corp ``NWAG'' is a successful exploration Company that has found and defined proven gold reserves of 330,000 ounces of gold with a value after extraction costs of $282 million assuming an average gold price of $850 per ounce (analysts are predicting that the price of gold will exceed $1200 per ounce by the second quarter of 2009) and probable reserves of 2.5 million ounces of gold. The reserves are based on independent engineering reports.
New Asia Gold trades in the United States on the NQB pink sheets under the symbol ``NWAG.'' For further information, please contact Nancy Goldman at (561) 962 4139 or go to http://www.newasiagold.com.
NOTE: Certain statements in this press release are ``forward-looking statements'' within the meaning of the Private Securities Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause results to differ materially. Such risks, uncertainties and other factors include but are not limited to new economic conditions and factors described in independent reports, company reports and other filings with regulatory bodies.
Further, in one of the zones that has been defined as a probable reserve the Company has a drill hole with 37 meters (110 ft.) of silicified rock with high grades of gold. This rock intersection with high grade gold is identical to the rock in the main silica cap where independent reports indicate that there is 180,000 ounces of proven gold. It is anticipated that the drilling program will increase the current proven reserves (330,000 ounces of gold) by at least double.
New Asia Gold Corp ``NWAG'' is a successful exploration Company that has found and defined proven gold reserves of 330,000 ounces of gold with a value after extraction costs of $282 million assuming an average gold price of $850 per ounce (analysts are predicting that the price of gold will exceed $1200 per ounce by the second quarter of 2009) and probable reserves of 2.5 million ounces of gold. The reserves are based on independent engineering reports.
New Asia Gold trades in the United States on the NQB pink sheets under the symbol ``NWAG.'' For further information, please contact Nancy Goldman at (561) 962 4139 or go to http://www.newasiagold.com.
NOTE: Certain statements in this press release are ``forward-looking statements'' within the meaning of the Private Securities Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause results to differ materially. Such risks, uncertainties and other factors include but are not limited to new economic conditions and factors described in independent reports, company reports and other filings with regulatory bodies.
Monday, November 10, 2008
Good Life China (GLCC) Banking Progress.
BEIJING, Nov. 10 /PRNewswire-FirstCall/ - Good Life China Corporation http://www.goodlifechina.com/ (Pink Sheets: GLCC - News) the company issued a news release on or about July 2, 2008 where amongst other things it announced that it has completed the completion of the strategic partnership with Hebei branch of Agricultural Bank of China (ABC). This is an update to the aforementioned news release.
Haorizi and ABC, Hebei Branch has now successfully launched the ABC online banking service to the company's franchised outlets and to the companies B2B merchants. ABC will open accounts for the current suppliers and retailer members of Haorizi. Outlets can order, and make an immediate payment via USB-shield card at www.huozhan.com. This system is relatively easy and simple to operate. Moreover, it has a good reputation among members. The management feels this will represents improved cash flow and further earning revenue for Good Life China.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain forward 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.
Haorizi and ABC, Hebei Branch has now successfully launched the ABC online banking service to the company's franchised outlets and to the companies B2B merchants. ABC will open accounts for the current suppliers and retailer members of Haorizi. Outlets can order, and make an immediate payment via USB-shield card at www.huozhan.com. This system is relatively easy and simple to operate. Moreover, it has a good reputation among members. The management feels this will represents improved cash flow and further earning revenue for Good Life China.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain forward 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.
Sunday, November 9, 2008
Energy Finders announces to update its current Information
DALLAS, Nov. 7 /PRNewswire-FirstCall/ - ( OTC-EGYF.PK)
EnergyFinders announces that it has begun the process of updating relevant information about the new Corporate change.
The Company is currently updating the financial information for the last 2 fiscal years.
The Company expects to file all the current information as required by the "Pinksheets", in order to qualify for the "Current" category.
On behalf of the Board of Directors, we expect to become current as far as the filing are concerned in the near future.
FORWARD LOOKING STATEMENTS
The statements contained herein which are not historical are forward-looking statements that are subject to risk and uncertainties that could cause actual results to differ materially from those expressed, including but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's press releases.
Furthermore, the forward-looking statements contained in this news release are made as of the date of this news release, and, except as required by law, EnergyFinders does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
EnergyFinders announces that it has begun the process of updating relevant information about the new Corporate change.
The Company is currently updating the financial information for the last 2 fiscal years.
The Company expects to file all the current information as required by the "Pinksheets", in order to qualify for the "Current" category.
On behalf of the Board of Directors, we expect to become current as far as the filing are concerned in the near future.
FORWARD LOOKING STATEMENTS
The statements contained herein which are not historical are forward-looking statements that are subject to risk and uncertainties that could cause actual results to differ materially from those expressed, including but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's press releases.
Furthermore, the forward-looking statements contained in this news release are made as of the date of this news release, and, except as required by law, EnergyFinders does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
Thursday, November 6, 2008
Good Life China (GLCC) Provides Forward Guidance
BEIJING, Nov. 6 /PRNewswire-FirstCall/ - Good Life China Corporation www.goodlifechina.com (GLCC) is pleased to provide guidance regarding fourth quarter and annual results, based on new business model. This has been a transitional year, as the Company has almost completed a full transition from a wholesale/franchise retail distribution model to an advanced logistics and retail management services provider.
Net income, before taxes for the fourth quarter is anticipated to come in between $400,000 to $500,000 USD, with year end results of just under $1.7 million USD for the year.
Good Life China CEO, Dongmei Jia, notes; "This has been a ground breaking year for the Company. We expect to finish the year with comparable income numbers to last year's results. Given the radical changes in how the Company generates revenue, and recognizes profit, we are in an excellent position as we look forward to 2009. This is due to the fact that we are eliminating a great deal of variable costs in regards to a traditional wholesale retail distribution channel and our expectations are to achieve higher gross margins as our overall income continues to rise from both the supply side and retail members.
In addition, once we have more experience analyzing the numbers individually from each new profit center, we expect to be able to fine-tune the pricing grids, and optimize our billing models to further enhance profitability".
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain forward 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.
Net income, before taxes for the fourth quarter is anticipated to come in between $400,000 to $500,000 USD, with year end results of just under $1.7 million USD for the year.
Good Life China CEO, Dongmei Jia, notes; "This has been a ground breaking year for the Company. We expect to finish the year with comparable income numbers to last year's results. Given the radical changes in how the Company generates revenue, and recognizes profit, we are in an excellent position as we look forward to 2009. This is due to the fact that we are eliminating a great deal of variable costs in regards to a traditional wholesale retail distribution channel and our expectations are to achieve higher gross margins as our overall income continues to rise from both the supply side and retail members.
In addition, once we have more experience analyzing the numbers individually from each new profit center, we expect to be able to fine-tune the pricing grids, and optimize our billing models to further enhance profitability".
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain forward 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.
Wednesday, November 5, 2008
Good Life China (GLCC) Financial Highlights YTD Performance
BEIJING, Nov. 5 /PRNewswire-FirstCall/ - Good Life China Corporation www.goodlifechina.com (GLCC) after the markets closed today, is pleased to provide highlights in regards to its financial performance and general operations.
As of October, YTD financial performance has been segregated by major profit centers of the company.
Member Information Service: This represents fees paid by member organizations on the retail and supply side to use Good Life's e-commerce enabled retail platform. These revenues consist of an upfront membership fee, and ongoing monthly charges for continued access to Good Life's advanced retail distribution, logistics and retail POS systems. October revenue was $0.86 million RMB ($126,000 USD), with total YTD revenue of $6.7 million RMB ($981,000 USD).
Distribution Services: This includes logistics and shipping services, which are generally charged as a percentage of wholesale value of goods shipped through Good Life's retail distribution pipeline. Gross Revenue for the month of October was RMB $32 million yuan ($4.7 million USD), with YTD revenue of RMB $0.36 billion yuan ($52.7 million USD). Income from distribution services reached RMB 1.45 million yuan, with YTD results of RMB 17.84 million yuan ($2.6 million USD).
Net Company profit for the month was RMB 922,800 yuan ($135,000 USD), which brings the total YTD performance to RMB 9,824,400 yuan, or just over $1.4 million USD.
Good Life China CEO, Dongmei Jia, advised; "We continue to add new members on both the retail and supply side of the equation. We added an additional 73 retail outlets to our membership service, and more importantly, 32 new suppliers, bringing the total number of suppliers to roughly 650. With our new business model, we anticipate that up to 70% of our revenue may be generated from the supply side. Out finance and IT departments are working diligently on more upgrades to our retail platform and back end reporting systems. By the end of this quarter, we anticipate being in a position to do more sophisticated analysis on our financial performance and track additional metrics in terms of business performance".
Madam Jia adds; "With a net income anticipated to be in the territory of just under $2 million USD, we are a bit mystified why financial markets have our market capitalization at under $3 million. This isn't even a multiple of two times net earning. If the Company trades at a relatively low multiple of fifteen times earning, we would expect a market cap of over $25 million, nearly a tenfold increase in the value of our shares versus current trading levels. We are looking at options available to us to unlock much of this hidden value, to the benefit of our long-term shareholders".
Contact: 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.
Get the Facts Right. The issuer works hard to continue to keep our shareholders informed, and news is updated frequently via Press Releases, Pink Sheet www.pinksheets.com filings, and updates to our websites. Other websites not sponsored, or recognized by the Company may provide misleading or disinformation to investors in order to manipulate trading patterns for a given stock. Always look for original content from trusted sources, rather than relying on 'excerpts' or discussion boards that may not give you the whole story. The Securities and Exchange Commission requires financial institutions or brokerage firms to provide their clients with documentation describing the risks of investing in penny stocks.
As of October, YTD financial performance has been segregated by major profit centers of the company.
Member Information Service: This represents fees paid by member organizations on the retail and supply side to use Good Life's e-commerce enabled retail platform. These revenues consist of an upfront membership fee, and ongoing monthly charges for continued access to Good Life's advanced retail distribution, logistics and retail POS systems. October revenue was $0.86 million RMB ($126,000 USD), with total YTD revenue of $6.7 million RMB ($981,000 USD).
Distribution Services: This includes logistics and shipping services, which are generally charged as a percentage of wholesale value of goods shipped through Good Life's retail distribution pipeline. Gross Revenue for the month of October was RMB $32 million yuan ($4.7 million USD), with YTD revenue of RMB $0.36 billion yuan ($52.7 million USD). Income from distribution services reached RMB 1.45 million yuan, with YTD results of RMB 17.84 million yuan ($2.6 million USD).
Net Company profit for the month was RMB 922,800 yuan ($135,000 USD), which brings the total YTD performance to RMB 9,824,400 yuan, or just over $1.4 million USD.
Good Life China CEO, Dongmei Jia, advised; "We continue to add new members on both the retail and supply side of the equation. We added an additional 73 retail outlets to our membership service, and more importantly, 32 new suppliers, bringing the total number of suppliers to roughly 650. With our new business model, we anticipate that up to 70% of our revenue may be generated from the supply side. Out finance and IT departments are working diligently on more upgrades to our retail platform and back end reporting systems. By the end of this quarter, we anticipate being in a position to do more sophisticated analysis on our financial performance and track additional metrics in terms of business performance".
Madam Jia adds; "With a net income anticipated to be in the territory of just under $2 million USD, we are a bit mystified why financial markets have our market capitalization at under $3 million. This isn't even a multiple of two times net earning. If the Company trades at a relatively low multiple of fifteen times earning, we would expect a market cap of over $25 million, nearly a tenfold increase in the value of our shares versus current trading levels. We are looking at options available to us to unlock much of this hidden value, to the benefit of our long-term shareholders".
Contact: 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.
Get the Facts Right. The issuer works hard to continue to keep our shareholders informed, and news is updated frequently via Press Releases, Pink Sheet www.pinksheets.com filings, and updates to our websites. Other websites not sponsored, or recognized by the Company may provide misleading or disinformation to investors in order to manipulate trading patterns for a given stock. Always look for original content from trusted sources, rather than relying on 'excerpts' or discussion boards that may not give you the whole story. The Securities and Exchange Commission requires financial institutions or brokerage firms to provide their clients with documentation describing the risks of investing in penny stocks.
Tuesday, November 4, 2008
Good Life China (GLCC) China Ahead Of Rural Reform
BEIJING, Nov. 4 /PRNewswire-FirstCall/ - Further to the company's Good Life China Corporation* (GLCC) www.goodlifechina.com news announcement on various expansions and growth strategies the company is pleased to provide the following update on the current status. The following is a snippet and a quick summary of the filing the company completed on Pink Sheets.
On October 9, 2008, the Third Plenary Session of the 17th Central Committee of China was held in Beijing and what were discussed was how to push rural reform and development in China. The "# 1 Document" instructs agricultural and rural development issues.
The # 1 Document of the Central Government in 2008 puts forward the policies definitely, "strengthen rural market system construction, establish and improve big market and big distribution adjusting to modern agricultural development". # 1 Document also puts forward the promotion of information in rural areas, which has been emphasized for 4 consecutive years. Thus, in order to realize the idea of logistics in rural areas, it is vital to strongly advance the information of rural logistics.
As an enterprise of E-commerce and logistics service faced with Chinese market, Haorizi Co. Ltd. has almost 10-years experience of operation in rural market. It owns an information service system, a purchasing and selling terminal network linked between cities and towns and an E-commerce platform, which can provide rural retailers and suppliers with one-station service of E-commerce and logistics distribution, supplier members with intensive storage and logistics distribution service, lower distribution cost for suppliers and assist supplier members in expanding marketing channels to realize capital "zero-risk". The system can also enable outlet members to log in to www.huozhan.com to conveniently and efficiently complete online order and automatic replenishment without leaving outlets, offer quick and applicable digital outlet management system to help the members promote level of management, making profit and competitiveness, creating a rural security and consumption platform to bring surrounding rural people real and cheap daily articles of a full series.
The company believes that it is in a good position to take advantage of the No 1 Document and well ahead of any competitors servicing the rural areas.
The full summary of this document can be viewed under the "Filing Tab" by visiting Pink Sheets.Com symbol GLCC.
* In China Good Life China operates under the brand name Haorizi Co., Ltd and Huozhan Co Ltd.
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.
Get the Facts Right. The issuer works hard to continue to keep our shareholders informed, and news is updated frequently via Press Releases, Pink Sheet www.pinksheets.com filings, and updates to our websites. Other websites not sponsored, or recognized by the Company may provide misleading or disinformation to investors in order to manipulate trading patterns for a given stock. Always look for original content from trusted sources, rather than relying on 'excerpts' or discussion boards that may not give you the whole story. The Securities and Exchange Commission requires financial institutions or brokerage firms to provide their clients with documentation, describing the risks of investing in penny stocks.
On October 9, 2008, the Third Plenary Session of the 17th Central Committee of China was held in Beijing and what were discussed was how to push rural reform and development in China. The "# 1 Document" instructs agricultural and rural development issues.
The # 1 Document of the Central Government in 2008 puts forward the policies definitely, "strengthen rural market system construction, establish and improve big market and big distribution adjusting to modern agricultural development". # 1 Document also puts forward the promotion of information in rural areas, which has been emphasized for 4 consecutive years. Thus, in order to realize the idea of logistics in rural areas, it is vital to strongly advance the information of rural logistics.
As an enterprise of E-commerce and logistics service faced with Chinese market, Haorizi Co. Ltd. has almost 10-years experience of operation in rural market. It owns an information service system, a purchasing and selling terminal network linked between cities and towns and an E-commerce platform, which can provide rural retailers and suppliers with one-station service of E-commerce and logistics distribution, supplier members with intensive storage and logistics distribution service, lower distribution cost for suppliers and assist supplier members in expanding marketing channels to realize capital "zero-risk". The system can also enable outlet members to log in to www.huozhan.com to conveniently and efficiently complete online order and automatic replenishment without leaving outlets, offer quick and applicable digital outlet management system to help the members promote level of management, making profit and competitiveness, creating a rural security and consumption platform to bring surrounding rural people real and cheap daily articles of a full series.
The company believes that it is in a good position to take advantage of the No 1 Document and well ahead of any competitors servicing the rural areas.
The full summary of this document can be viewed under the "Filing Tab" by visiting Pink Sheets.Com symbol GLCC.
* In China Good Life China operates under the brand name Haorizi Co., Ltd and Huozhan Co Ltd.
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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Sunday, November 2, 2008
Certified Environmental Group Enters Joint Venture With Alzihad Group of Companies in a Six City Development Project
TORONTO, ONTARIO--(MARKET WIRE)--Oct 31, 2008 -- Certified Environmental Group, Inc (Other OTC:CENV.PK - News) today announced its Canadian subsidiary Global Life Holdings Inc. has entered into a Joint Venture company with Alzahid Group of Companies soon to be operating under the name of Alzahid Global Life Builders, located in Saudi Arabia.
Alzahid Group of Companies www.alzahidgroup.com operating since 1951 has evolved as a multi-billion dollar group of companies. Innovative and visionary they are excited to partner with CEG to execute environmentally friendly solutions to providing drinking water, building and power infrastructures for six new cities.
Lin Armstrong Sharwood President of Certified Environmental Group, explained "the Saudi Arabian and Middle East economy is booming, the opportunities seem endless as entire infrastructures for water, power and building will have to be created. Joining forces with Alzahid Group is a huge opportunity for this company and our shareholders with revenue projections that are not typical for a company just entering the public market".
Certified Environmental Group through our Canadian subsidiary Global Life Holdings Inc. produces a unique building system and ISO manufactured water purification plants powered by solar and or wind energy, perfect for the Saudi environment. CEG will join forces with Alzahid Group in the construction of six brand new cities. Cost effective and modular, CEG offers custom solutions that will generate incredible interest and growth for the next 15 years.
President Lin Armstrong Sharwood is expected to visit Alazhid company executives in Saudi Arabia in the next few weeks and will update shareholders as events unfold.
Certified Environmental Group develops and commercializes alternative energy solutions focusing on clean drinking water, power and shelter through its fully owned operating subsidiary Global Life Water. Visit us at www.certifiedenvironmentalgroup.com.
Safe Harbor: This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Certified Environmental Group Inc. to be materially different from the statements made herein.
Alzahid Group of Companies www.alzahidgroup.com operating since 1951 has evolved as a multi-billion dollar group of companies. Innovative and visionary they are excited to partner with CEG to execute environmentally friendly solutions to providing drinking water, building and power infrastructures for six new cities.
Lin Armstrong Sharwood President of Certified Environmental Group, explained "the Saudi Arabian and Middle East economy is booming, the opportunities seem endless as entire infrastructures for water, power and building will have to be created. Joining forces with Alzahid Group is a huge opportunity for this company and our shareholders with revenue projections that are not typical for a company just entering the public market".
Certified Environmental Group through our Canadian subsidiary Global Life Holdings Inc. produces a unique building system and ISO manufactured water purification plants powered by solar and or wind energy, perfect for the Saudi environment. CEG will join forces with Alzahid Group in the construction of six brand new cities. Cost effective and modular, CEG offers custom solutions that will generate incredible interest and growth for the next 15 years.
President Lin Armstrong Sharwood is expected to visit Alazhid company executives in Saudi Arabia in the next few weeks and will update shareholders as events unfold.
Certified Environmental Group develops and commercializes alternative energy solutions focusing on clean drinking water, power and shelter through its fully owned operating subsidiary Global Life Water. Visit us at www.certifiedenvironmentalgroup.com.
Safe Harbor: This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Certified Environmental Group Inc. to be materially different from the statements made herein.
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