Good Life China Corporation (GLCC) Merger With Q-Mart Back on Track
December 16 2010 - 3:45PM
Marketwired
Good Life China Corporation (PINK SHEETS:
GLCC)(http://www.goodlifechina.com) management would like to
provide the following update to its shareholders and followers on
several corporate matters that have been in works during the
company's silent period. GLCC entered a silent period as a direct
result of being unable to reign in stock bashers who have plagued
its security. GLCC offers this update as a direct result of the
current recent developments with the company lawsuit against the
stock bashers. The company expects positive results and a
resolution shortly.
In this light, the company is considering taking the following
steps:
1) The company will subscribe to Pink Sheets and resume
reporting.
2) The company is considering the rescission of the 1000 : 1
stock reverse split planned by the management in previous
quarters.
3) Revive and renegotiate the merger with Q-Mart that took place
for a brief period in December 2009. Q-Mart is a viable chain of
retail convenience stores in China. Q-Mart convenience stores offer
their customers a wide range of goods and services with focus on
quality and convenience. The company grows continuously, and
presently operates more than 200 stores with over 600
employees.
The management is excited about the development of the US/UK
lawsuit and the effective enforcement proceedings in Canada. GLCC
management hopes for soon resolution, so it can implement this
3-point plan immediately.
The company acknowledges support of its long time followers and
is hopeful that this 3 step plan will breathe new life back in GLCC
in 2011.
Safe Harbor Statement
Information in this news release may contain statements about
future expectations, plans, prospects or performance of Good Life
China Corporation that constitute forward-looking statements for
purposes of the safe harbor provisions under the Private Securities
Litigation Reform Act of 1995. The words or phrases "can be,"
"expects," "may affect," "believed," "estimate," "project," and
similar words and phrases are intended to identify such
forward-looking statements. Good Life China Corporation cautions
you that any forward-looking information provided by or on behalf
of Good Life China Corporation is not a guarantee of future
performance. None of the information in this press release
constitutes or is intended as an offer to sell securities or
investment advice of any kind. Good Life China Corporation's actual
results may differ materially from those anticipated in such
forward-looking statements as a result of various important
factors, some of which are beyond Good Life China Corporation's
control. In addition to those discussed in Good Life China
Corporation's press releases, public filings, and statements by
Good Life China Corporation's management, including, but not
limited to, Good Life China Corporation's estimate of the
sufficiency of its existing capital resources, Good Life China
Corporation's ability to raise additional capital to fund future
operations, Good Life China Corporation's ability to repay its
existing indebtedness, the uncertainties involved in estimating
market opportunities and, in identifying contracts which match Good
Life China Corporation's capability to be awarded contracts. All
such forward-looking statements are current only as of the date on
which such statements were made. Good Life China Corporation does
not undertake any obligation to publicly update any forward-looking
statement to reflect events or circumstances after the date on
which any such statement is made or to reflect the occurrence of
unanticipated events.
Contacts: Investor Relations 1-647-426-1640
www.minamargroup.net/helpdesk Investor Relations Department Inquiry
www.minamargroup.net (IR) For (M&A) and Corporate Matters
www.minamargroup.com
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