Good Life China (GLCC.PK) Signs Logistics Agreement With Century Happy Families Chain Stores China
Tuesday June 10, 9:00 am ET
BEIJING, June 10 /PRNewswire-FirstCall/ - Pink Sheets: GLCC.PK,
www.goodlifechina.com is pleased to announce that it has completed a logistics agreement and information technology services with Century Happy Families Chain Stores Limited. At present Century Happy Families Company has 550 chain stores, 24 bistros and 426 franchises. The stores are primarily located in 15 districts and counties of Beijing China.
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Ms. Doi Mai Jia CEO of Good Life China said "This logistics agreement fits like a glove with our previously announced Petro China agreement. It simply straightens, and enhances our logistics capabilities and will provide us with good upward potential to build our logistics division. We start the week with 2 new stores in Beijing plus 2 new suppliers.
In other company updates, Mr. Yang a spokesperson for the issuer said "We were advised late Friday June 6 2008 of some confusion that came about in our share structure count. We wish to affirm and confirm to our shareholders that our share count remains UNCHANGED and undisturbed at 168,518,988. Our share structure has not changed since Good Life China completed its reverse merger, asset purchase, and entered the public arena.
We know that GLCC is listed on the Rule 3210 with Nasdaq Trader (see link)
http://www.nasdaqtrader.com/Trader.aspx?id=RegSHOThreshold. This may have something to do with the orchestrated confusion, and obviously explains our un-relentless critic's true motives. Our understanding of this rule is that firms are required to close out within 35 consecutive settlement days any previously "grandfathered" fail-to-deliver positions in a non-reporting threshold security. We also note that as of October 15, 2007, firms will have 35, rather than 13, consecutive settlement days to close out fails to deliver resulting from sales of non-reporting threshold securities pursuant to SEC Rule 144. This may also shed some light and the reasoning our shareholders cannot trade GLCC stock online (without placing a telephone order) and the damper that appears to be suffocating our share price free movement.
The issuer is in the process of retaining legal council to address these matters, with the governing bodies. Our corporate advisor tells us that, it is common knowledge in the industry that these critics or stock bashers activities will significantly intensify as this 35 day deadline approaches, in an effort to achieve their self serving goals.
These individuals usually prey on new and unsuspecting retail investors with their dark propaganda, innuendos and Meta messages. Clearly these bashers are embraced on chat or message type Investor boards that cater to the same mindset and agenda. These spyware type message boards delete factual and supporting posts, links and messages yet allow these so called critics posts to remain and flourish. GLCC management, and its corporate advisors wish to bring the following SEC news announcement to its shareholders which is self explanatory. The announcement may also shed some light on the issues surrounding GLCC and issuers alike.
http://www.youtube.com/watch?v=uljXIodzPcAGLCC management and its advisors remind its shareholders that they remain committed. We wish to use this opportunity to affirm, and assure our followers that GLCC intends to seek legal and other guidance to have these unfounded critics - bashers, and those offering them refuge reined in. The management intends to immediately seek guidance from other industry leaders on different ways, and means to have these aforementioned and clearly artificial dampers lifted; which needless to say are artificially choking GLCC share price. The issuer intends to have both matters dealt with at the earliest.
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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Source: Good Life China Corporation
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