BEIJING, April 16 /PRNewswire-FirstCall/ - Good Life China Corporation
(GLCC) is pleased to announce the opening of 50 new stores in Beijing, and 80
new stores in the city of Cangzhou China. Cangzhou's is about 180 km from
Beijing. This brings the total number of stores for Good Life China to 1,730.
The company has also entered into an agreement with Petro China Beijing,
to provide distribution services, and information management system services
for the convenience stores, in the gas stations belonging to Petro China
Beijing Marketing Company. Good Life China will also offer management training
and guidance service for the stores located in the gas stations. Currently
there are more than 500 locations in operation.
In other company news, the company is pleased to announce that it has
received its new trading symbol L9X on the Frankfurt exchange Deutsche-Boerse
http://deutsche-boerse.com. The company has also distributed a onetime special
dividend for the asset purchase for its North American division.
About Good Life China Corporation
Good Life China Corporation operates a rapidly growing chain of franchised
convenience stores based in Hebei Province, China. It employs advanced retail
concepts such as e-commerce enabled POS/back office systems, and achieves
significant economies of scale on the supply side of the business. It will be
expanding geographically to neighboring Provinces as well as offering a
growing number of additional products and services, such as financial
products, as it moves forward.
North American operations include a diversified number of online subprime
financial services. These included: the Payday Loan Software division; Forex
Trading; and Advanced Electronic Funds Management.
Safe Harbor Statement
Information in this press release may contain 'forward-looking
statements.' Statements describing objectives or goals or the Company's future
plans are also forward-looking statements and are subject to risks and
uncertainties, including the financial performance of the Company and market
valuations of its stock, which could cause actual results to differ materially
from those anticipated. Forward-looking statements in this news release are
made pursuant to the 'Safe Harbor' provisions of the United States Private
Securities Litigation Reform Act of 1995. Investors are cautioned that such
forward-looking statements involve risks and uncertainties, including, without
limitation, risks relating to the ability to close transactions being
contemplated, risks related to sales, continued acceptance of Good Life China
Corporation's products, increased levels of competition, technological
changes, dependence on intellectual property rights and other risks detailed
from time to time in Good Life China Corporation's periodic reports filed with
the regulatory authorities.
SOURCE Good Life China
www.goodlifechina.com
