Good Life China (GLCC.PK) Share Structure Update
June 03 2008 - 8:00AM
PR Newswire (US)
BEIJING, June 3 /PRNewswire-FirstCall/ -- PINKSHEETS: GLCC
http://www.goodlifechina.com/ is pleased to announce that further
to its previous news release of May 29, 2008 the company has
successfully reduced its authorized shares to 450 million shares
from 500 million. Mr. Yang, a company spokesperson, said, "Just to
be clear, as this is worth repeating, this 50 million authorized
share structure reduction is in addition to the recently announced
and completed authorized share reduction, where GLCC reduced its
authorized count from 2.5 billion to 500 million. GLCC corporate
filings can be seen by visiting this State of Nevada web site link:
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.
aspx?lx8nvq=QDiLpmPY4yoHczGIW%252f1sNQ%253d%253d Our outstanding
share structure remains undisturbed. At present, insiders (Asia
Pacific Enterprises a Belize Company) owns 80 million shares of
GLCC. The pink sheets and our corporate web site will be updated
shortly to reflect the same." In other company updates, the issuer
has identified and targeted a Chinese based company trading on pink
sheets as a suitable purchaser for some of its North American
assets. Mr. Yang added, "They come highly recommended, and the fact
that they are just an hour or so away from Beijing by plane, makes
overseeing our assets that much easier. The corporate decision has
been made to spin off part of these assets and pay the entire sum
to our shareholders as a one time special dividend. All that
remains is for us to finalize the deal and we will make a detailed
announcement including the name of the buyer shortly." 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. DATASOURCE: Good Life China
Corporation CONTACT: http://www.minamargroup.com/helpdesk
Copyright