Shenzhen Bread Co. Lands signs cooperation agreement with well known
retailer
BEIJING, March 5 /PRNewswire-FirstCall/ - Good Life China Corporation http://www.goodlifechina.com/ (GLCC) today after the market closed announced that its Shenzhen Bread Co. (Miluga) subsidiary has signed a cooperation agreement with Wal-Mart in Shenzhen for the purchase of a wide variety of bakery products. The products include traditional baked products as well as an agreement for Miluga's very popular moon cakes.
Wal-mart Stores is one of the biggest and most exclusive chain stores in Hubei Province, having more than 11 branch stores around Shenzhen alone. Importantly, it is a testament to Miluga's production capabilities and quality control that it is able to meet the strict standards of Wal-Mart. Key factors that gave Miluga the competitive edge include superior product quality, excellent service and on-time delivery.
Gross revenues by Wal-Mart from the sales of Miluga's mooncakes alone are projected to reach more than two million RMB annually.
The Company anticipates making additional announcements re: major sales contracts in the coming weeks.
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.
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