BEIJING, Dec. 15 /PRNewswire-FirstCall/ - Good Life China Corporation www.goodlifechina.com (GLCC) has been undergoing a strategic review in anticipation of the Company's plans for 2009. The Company will be posting additional disclosures and updates on the Pink sheets as well as updates through press releases and on its website.
Company Chairwoman Dongmei Jia provided the following insights; "Our business continues to grow organically through new store 'members' and new suppliers who join our online e-commerce, logistics and distribution platform. Developing effective, modern infrastructure to improve the standard of living in rural China remains a high-profile agenda for all levels of government. We are proud to say that Good Life is looked upon as one of the leading companies implementing effective, leading-edge solutions that directly address these issues. As such, we benefit from government support (direct financial support and endorsements by various levels of government as a 'solutions provider'). In short, our business continues to grow and demonstrate growing profits.
However, we are relatively new to the U.S. capital markets, and it is obvious to us that the value being placed on the company's shares and the market capitalization seem to grossly understate our perception of the Company's true value. As a result, have been working with our North American counsel to develop a strategy to unlock value in the Company's common stock.
As previously announced, we are planning to spin-off our logistics operations to a separate public company, as the logistics operations is the largest company profit center, and its business model is highly scalable, with few constraints to accelerated growth. Our expectation is to provide direct participation to our shareholders in the new company.
We have also begun discussions with a North American based printing and packaging manufacturer with revenues in the 10 million dollar range and assets in the 6 million range, with the intent of establishing a formal cooperation agreement, or even a possible merger that will see synergies on both sides.
We believe it is vital to solicit input from our shareholders at this time, and we will be executing two initiatives in this regards within the next few days. We will be launching a shareholder questionnaire on our website within the next day or two to provide a valuable opportunity for our shareholders to provide feedback on our plans and future growth prospects.
In addition, we will be inviting up to 20 respondents to the questionnaire to join us for a conference call with our North American Investor Relations representatives to take place later this week.
As the year comes to a close, we are proud of the accomplishments made this year, and excited about our future prospects. We will continue to look for opportunities to provide additional guidance on our achievements and their impact on the bottom line looking forward towards 2009."
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.
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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