Management of Sunnylife Global Clarifies China Hospital Group's Intended Distribution of Its Shares to SNYL Shareholders
January 27 2006 - 9:00AM
PR Newswire (US)
LOS ANGELES, Jan. 27 /PRNewswire-FirstCall/ -- In an announcement
by Sunnylife Global, Inc. (OTC:SNYL) today the Company clarified
the term "dividend" previously stated in its news release to read
as a "distribution" intended by China Hospital Group, Inc. to the
shareholders of record of Sunnylife Global, Inc. as of Feb 1st
2006. Further, in response to shareholder inquiries, management
issued a clarification of the terms of distribution set by China
Hospital Group, Inc. The Company said that the distribution is not
a corporate action of Sunnylife Global, Inc., but rather a decision
by China Hospital Group, Inc. to distribute a percentage of its
capitalized shares to the shareholders of Sunnylife Global. The
ratio of the intended distribution is one share of China Hospital
Group, Inc. for every 6 shares of Sunnylife Global held by the
shareholders of record on February 1st 2006. China Hospital Group,
Inc. is a California privately-held corporation and its stock is
not currently listed on any exchange. China Hospital Group is not a
subsidiary or a spin off of Sunnylife Global and there is no
consideration to be paid from Sunnylife or its shareholders. China
Hospital Group, Inc. is in the business of medical equipment
leasing and wholesale supplies. Sunnylife Global and China Hospital
Group have entered into a five-year contract for China Hospital
Group to supply all of Sunnylife's leasing programs needed for the
modernization and upgrade of the hospitals in China. TransCapital /
Sun-Cal Finance Inc., headquartered in Reston, Virginia in the
Washington, DC metropolitan area, have jointly issued a letter of
intent to provide $7 million of leased medical equipment to each
hospital designated by Sunnylife Global pursuant to their agreement
with the World Friendship Hospital Group and the Chinese
authorities. About Sunnylife Global, Inc. Sunnylife Global, Inc.
has developed a Health Care Management System (HCMS) in conjunction
with the Chinese Government Authorities that will result in
delivering superior quality health care management to its members.
The Company is in multiple joint-venture agreements with the World
Friendship Hospital Group to renovate and revitalize China's older
hospital facilities in order to meet the current International
standard. Sunnylife has developed the HCMS to meet that standard
and is planning to launch in the very near future. In addition, the
Company has patented natural, environmentally safe and economically
affordable products which it plans to introduce to Chinese
customers through seven different joint venture companies in China.
Sunnylife represents an organization staffed with professional
experts in product research, quality acceptance testing, and market
development for service to China and the global markets. For more
information, please visit http://www.sunnylifeglobal.com/ Safe
Harbor Statement The statements contained herein, which are not
historical, are forward- looking statements that are subject to
risks and uncertainties that could cause actual results to differ
materially from those expressed in the forward- looking statements.
All forward-looking statements attributable to the Company, or
persons acting for the Company, are expressly qualified in their
entirety by these cautionary statements. Contact: Investor
Relations Fran Daniels, President Financial Sciences of America
(310) 278-4413 DATASOURCE: Sunnylife Global, Inc. CONTACT: Fran
Daniels, President of Financial Sciences of America,
+1-310-278-4413, , for Sunnylife Global, Inc. Web site:
http://www.sunnylifeglobal.com/
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