July 17, 2008 - 7:00 AM EDT
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GLCC 0.007 -0.001
Today 5d 1m 3m 1y 5y 10y
Good Life China Corporation (GLCC) New Store Openings
BEIJING, July 17 /PRNewswire-FirstCall/ - Good Life China Corporation www.goodlifechina.com Pink Sheets: GLCC) is (pleased to announce the new store openings. 8 new stores were launched recently. 3 are in Cangzhou, 2 are in Beijing, and 3 are in Shijiazhuang. In addition, 3 new suppliers were added to the Good Life Corporation network.
In other corporate updates, the issuer is in the process of compiling its 2nd Quarter financials which should be made available and filed on Pink Sheets the week of August 1st. The issuer concerned with the drastic decline in its share price, has identified an existing large shareholder (from The League Publishing days) through its transfer agent as one possible seller of its security. Their security was issued as restricted stock some 2 years ago and assigned as collateral, on a loan. The security recently matured, and was being sold by the assignee since around mid June, and not the actual shareholder. The issuer's advisors believe that the market will absorb these sales shortly. The issuer confirms that none of its principals participated in any sales and still control the original 80 million shares acquired in the reverse merger.
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
SOURCE Good Life China Corporation
Source: PR Newswire (July 17, 2008 - 7:00 AM EDT)
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close Email this News Article
Your Name
Your Email
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Friend's Email
Receive Copy: yes
GLCC 0.007 -0.001
Today 5d 1m 3m 1y 5y 10y
Good Life China Corporation (GLCC) New Store Openings
BEIJING, July 17 /PRNewswire-FirstCall/ - Good Life China Corporation www.goodlifechina.com Pink Sheets: GLCC) is (pleased to announce the new store openings. 8 new stores were launched recently. 3 are in Cangzhou, 2 are in Beijing, and 3 are in Shijiazhuang. In addition, 3 new suppliers were added to the Good Life Corporation network.
In other corporate updates, the issuer is in the process of compiling its 2nd Quarter financials which should be made available and filed on Pink Sheets the week of August 1st. The issuer concerned with the drastic decline in its share price, has identified an existing large shareholder (from The League Publishing days) through its transfer agent as one possible seller of its security. Their security was issued as restricted stock some 2 years ago and assigned as collateral, on a loan. The security recently matured, and was being sold by the assignee since around mid June, and not the actual shareholder. The issuer's advisors believe that the market will absorb these sales shortly. The issuer confirms that none of its principals participated in any sales and still control the original 80 million shares acquired in the reverse merger.
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
SOURCE Good Life China Corporation
Source: PR Newswire (July 17, 2008 - 7:00 AM EDT)
News by QuoteMedia