Good Life China Corp (GLCC) Narrows Targeted Merger Candidate To Organic Agricultural Industry
November 03 2009 - 8:45AM
PR Newswire (US)
BEIJING, Nov. 3 /PRNewswire-FirstCall/ -- Good Life China Corp.
(GLCC; http://www.goodlifechina.com/) has targeted a Chinese
agricultural company for a merger. GLCC sees great opportunity in
this merger as discussions continue to progress. The newly targeted
company has a great potential for GLCC's infrastructure and
distribution expansion. This company operates substantial
agricultural assets in rural China and produces various commodities
for Chinese growing market. GLCC management foresees the merger as
a great opportunity to raise value of GLCC's distribution and boost
GLCC's production sector. GLCC operating subsidiaries Haorizi and
Miluga already operate a well-developed distribution network, and
the company would benefit greatly from a merger with this
agricultural giant. Detailed talks about the possibility of further
expansions are well underway. All details of the proceedings will
be reported, and documentation that might be of interest to public
will be filed on Pink Sheets. In Other company news, Garr Winters
who has been instrumental in this possible merger has resigned as a
Secretary of Good Life China Corp. GLCC values Mr. Winters'
experience he had brought to the company. The news about his
successor will also be announced on Pink Sheets shortly. To receive
future updates, via email including quarterly newsletters and
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at http://www.minamargroup.com/updates Safe Harbor Statement
Information in this news release may contain statements about
future expectations, plans, prospects or performance of Good Life
China Corp. 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 Corp. cautions you that
any forward-looking information provided by or on behalf of Good
Life China Corp. 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 Corp.'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
Corp.'s control. In addition to those discussed in Good Life China
Corp.'s press releases, public filings, and statements by Good Life
China Corp.'s management, including, but not limited to, Good Life
China Corp.'s estimate of the sufficiency of its existing capital
resources, Good Life China Corp.'s ability to raise additional
capital to fund future operations, Good Life China Corp.'s ability
to repay its existing indebtedness, the uncertainties involved in
estimating market opportunities, and in identifying contracts which
match Good Life China Corp.'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 Corp. 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. CONTACT: For any investor relations matters,
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DATASOURCE: Good Life China Corporation CONTACT: For any investor
relations matters, please contact
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