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Jul 11, 2008
Pink OTC Markets News Service
Beijing, China— July 12, 2008 835 Am Beijing China - Good Life China Corporation, www.goodlifechina.com (Pink Sheets: GLCC) the issuer after the market closed today, announces the name of the proposed European buy out company.
That buyers name is Eng America Corporation. The Eng America entity is in the process of changing its corporate name. The issuer can disclose that Eng America is a USA based buyer that trades on the Frankfurt Xetra Exchange, and is quoted in Euro's and will trade in the 1.00 Euro range. The issuers IR Company Mina Mar Group is in China to discuss this proposal with the Good Life China head office in Beijing. The issuer did post some of the terms of the proposed buyout on pink sheets. Pending the outcome and decision of the issuers head office management, further updates will be filed or announced early next week.
In other corporate updates, the issuer takes this opportunity to advise its followers, and shareholders that it is it's investors relations (IR) firm Mina Mar Group who is spearheading heading the recently announced stock basher's lawsuit, against Investors Hub and its posters, and not the issuer GLCC itself. GLCC will be one of several named beneficiaries in the action. The IR has received assurances from several of its clients that they intend to join in the suit, and the IR is actively canvassing other issuers and inviting them to join in this lawsuit. The IR sees this as the only alternative to protect its clients, the clients security and their common shareholders from future abuse of these activities, which have gone on too long unchecked in the penny stock industry. The IR, has also retained a California USA based law firm LAW OFFICES OF ANDREW B. KAPLAN of San Diego California. This law firm is in addition to the Canadian law firm already engaged who has served the cease and desist letter to Investors Hub web site. The purpose of the USA lawyer is to further enlarge its scope of litigation against this web site, and its stock bashers who continue to slander the management and its officers, and who in the IR view have erased millions of assets off the issuer's books, and others alike.
It is the IR understanding that there are some California laws that allow shareholders to be held liable for their misbehaviors' and those that interfere in the company's ability to conduct commerce and trade. The IR will be recommending to the issuer to ask the courts to hold any proceeds of the sale that may be due to the named litigants in an escrow account as set off costs. The IR will also recommend to the issuer that a stock recall be made ahead of the closing of the buyout so to insure that any, and all short sales of its security are promptly covered.
The IR is making a recommendation of the sale to Eng America. The GLCC shareholders will remain owning their current GLCC stock plus will receive additional stock in Eng America as per the corporate filings of the issuer of July 9 2008. Assuming the deal is consummated and completed with Eng America GLCC will be made available to quire other assets and move in another direction. The IR has already received an express agreement from a Chinese based "Super Shopping Centre" (similar to Costco in USA for example) with 600 locations in China for a merger into GLCC.
The common shares of the Company are currently dually listed in the USA Pink Sheets (symbol GLCC.PK) and the Frankfurt Stock Exchange (Xe:L9X). The issuer is in good standings with Pink Sheets and ranked as a "Current Information" filer with its security.
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.
CONTACT www.minamargroup.com/helpdesk
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not Pink OTC Markets Inc. are solely responsible for the accuracy of such news releases.
pinksheets.com/pink/quote/quote.jsp?symbol=GLCC
Pink OTC Markets News Service
Beijing, China— July 12, 2008 835 Am Beijing China - Good Life China Corporation, www.goodlifechina.com (Pink Sheets: GLCC) the issuer after the market closed today, announces the name of the proposed European buy out company.
That buyers name is Eng America Corporation. The Eng America entity is in the process of changing its corporate name. The issuer can disclose that Eng America is a USA based buyer that trades on the Frankfurt Xetra Exchange, and is quoted in Euro's and will trade in the 1.00 Euro range. The issuers IR Company Mina Mar Group is in China to discuss this proposal with the Good Life China head office in Beijing. The issuer did post some of the terms of the proposed buyout on pink sheets. Pending the outcome and decision of the issuers head office management, further updates will be filed or announced early next week.
In other corporate updates, the issuer takes this opportunity to advise its followers, and shareholders that it is it's investors relations (IR) firm Mina Mar Group who is spearheading heading the recently announced stock basher's lawsuit, against Investors Hub and its posters, and not the issuer GLCC itself. GLCC will be one of several named beneficiaries in the action. The IR has received assurances from several of its clients that they intend to join in the suit, and the IR is actively canvassing other issuers and inviting them to join in this lawsuit. The IR sees this as the only alternative to protect its clients, the clients security and their common shareholders from future abuse of these activities, which have gone on too long unchecked in the penny stock industry. The IR, has also retained a California USA based law firm LAW OFFICES OF ANDREW B. KAPLAN of San Diego California. This law firm is in addition to the Canadian law firm already engaged who has served the cease and desist letter to Investors Hub web site. The purpose of the USA lawyer is to further enlarge its scope of litigation against this web site, and its stock bashers who continue to slander the management and its officers, and who in the IR view have erased millions of assets off the issuer's books, and others alike.
It is the IR understanding that there are some California laws that allow shareholders to be held liable for their misbehaviors' and those that interfere in the company's ability to conduct commerce and trade. The IR will be recommending to the issuer to ask the courts to hold any proceeds of the sale that may be due to the named litigants in an escrow account as set off costs. The IR will also recommend to the issuer that a stock recall be made ahead of the closing of the buyout so to insure that any, and all short sales of its security are promptly covered.
The IR is making a recommendation of the sale to Eng America. The GLCC shareholders will remain owning their current GLCC stock plus will receive additional stock in Eng America as per the corporate filings of the issuer of July 9 2008. Assuming the deal is consummated and completed with Eng America GLCC will be made available to quire other assets and move in another direction. The IR has already received an express agreement from a Chinese based "Super Shopping Centre" (similar to Costco in USA for example) with 600 locations in China for a merger into GLCC.
The common shares of the Company are currently dually listed in the USA Pink Sheets (symbol GLCC.PK) and the Frankfurt Stock Exchange (Xe:L9X). The issuer is in good standings with Pink Sheets and ranked as a "Current Information" filer with its security.
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.
CONTACT www.minamargroup.com/helpdesk
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not Pink OTC Markets Inc. are solely responsible for the accuracy of such news releases.
pinksheets.com/pink/quote/quote.jsp?symbol=GLCC
