GLCC hebt ab +335%
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BEIJING, Oct 06, 2008 /PRNewswire-FirstCall via COMTEX/ -- http://www.goodlifechina.com (Pink Sheets: GLCC - News) the issuer is pleased to announce that it has reached an agreement in principle to acquire a North American "Power Candy Manufacturer".
The company Fun Energy Foods (www.funenergyfoods.com) produces many kinds of energy supplements and energy type products. The specific product Good Life is looking at is the "Kick Butt" power ballz (http://www.buykickbutt.com).
Madam Jia Good Life CEO said "We are awaiting our corporate advisors arrival here in China mid-October before we make a decision to move forward with this transaction. As previously announced, we had no intention of again entering the North American markets. This is a deal that was brought to us by our corporate advisors, with a potential to acquire this company, and its assets for a fraction of its value. We are presented an opportunity to pay pennies on the dollar for the assets of this venture. Right now we are very optimistic about the product, and its future prospects. We know that we can introduce and begin distribution of this product to more than 3,000 of our locations, very easily. We are also eager to learn about their Chinese based machine manufacturing capabilities. We see great synergies here, and we see great potential. We know Fun Energy Foods, has made some great strides with this product, and we know that they have the product in many well known North American chain type stores.
This is a mid size manufacturing company in a growth stage. The current credit crunch has affected many in this field. We intend to close this transaction on all cash basis, and make it a WIN-WIN for both sides and hopefully our new North American division success will find its way to our shareholders.
In other corporate news, on 9-30-2008 we announced the deal with "Coco Cola" as outlined in that news release. We received many inquiries asking if this was a typo or should it have read Coca Cola. The company we have the agreement with is called CocO cola (O not A) as originally announced. This is a Beijing mid size beverage company".
Get the Facts Right. The issuer works hard to continue to keep our shareholders informed, and news is updated frequently via Press Releases, Pink Sheet (www.pinksheets.com) filings, and updates to our websites. Other websites not sponsored, or recognized by the Company may provide misleading or disinformation to investors in order to manipulate trading patterns for a given stock. Always look for original content from trusted sources, rather than relying on 'excerpts' or discussion boards that may not give you the whole story. The Securities and Exchange Commission requires financial institutions or brokerage firms to provide their clients with documentation, describing the risks of investing in penny stocks.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain 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.
Contact: corporate@goodlifechina.com
CONTACT: corporate@goodlifechina.com
SOURCE Good Life China Corporation
www.prnewswire.com
Copyright (C) 2008 PR Newswire
BEIJING, Oct 08, 2008 /PRNewswire-FirstCall via COMTEX/ -- http://www.goodlifechina.com (Pink Sheets: GLCC - News) the issuer is pleased to announce that it is continuing its due diligence process with Fun Foods and its Kick Butt division. The issuer will file a pdf management discussion and information package of this planned merger with Pink Sheets under the "FILINGS TAB", and also on its corporate web site www.goodlifechina.com with a link called "MANAGEMENT DISCUSSION PROPOSED MERGER". The issuer feels that this is a good way to disseminate information to its shareholders and followers in a timely fashion.
CEO Ms. Dongmei Jia said, "We are looking at this project and the merger from a different perspective. We see great potential with this product and this company. We know the energy supplement industry is big and lucrative; however this product is quite unique and may serve a niche market. We estimate that this division alone within the next 12 months has the potential of doing 5 to 7 million dollars in revenues with some proper marketing and distribution channels. We feel that we can fill that gap and are taking a bullish look on this venture. Simply put, the more we look at it and dissect it the more this deal makes sense."
The issuer expects to be in a position to make some sort of a concrete decision on this transaction within the next 7 to 10 days.
Get the Facts Right. The issuer works hard to continue to keep our shareholders informed, and news is updated frequently via Press Releases, Pink Sheet www.pinksheets.com filings, and updates to our websites. Other websites not sponsored, or recognized by the Company may provide misleading or disinformation to investors in order to manipulate trading patterns for a given stock. Always look for original content from trusted sources, rather than relying on 'excerpts' or discussion boards that may not give you the whole story. The Securities and Exchange Commission requires financial institutions or brokerage firms to provide their clients with documentation, describing the risks of investing in penny stocks.
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.
Contact: corporate@goodlifechina.com
CONTACT: Contact: corporate@goodlifechina.com
SOURCE Good Life China Corporation
www.prnewswire.com
Copyright (C) 2008 PR Newswire. All rights reserved
-0-
INDUSTRY KEYWORD: OTC
SUBJECT CODE: TNM
Tuesday October 14, 9:04 am ET
BEIJING, China, Oct. 14 /PRNewswire-FirstCall/ - www.goodlifechina.com - Good Life China (GLCC) operating subsidiary Haorizi Co. Ltd has completed its infrastructure and network sharing adaptation with Hebei Agricultural Production Materials Co. Ltd. (HAPMCL)
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HAPMCL is one of the leading Commerce & Trade companies designated in the Five-Year Plan period by The People's Government of Hebei Province. The company has a production capacity of nearly 10,000 tons of chemical fertilizer and more than 5000 tons of pesticide, making annual sales value up to RMB 1.9 billion Yuan. Good Life through Haorizi will furnish HAPMCL with the information service system, that includes and is combined with a management system for a supply chain and online orders. This agreement with HAPMCL will supply it and its and approximately 130 subsidiary companies with complete solutions that relate to supply chain and information service management.
GLCC CEO madam Jia said "This is a significant agreement. In summary this cooperation agreement will allow us to bring an additional 130 HAPMCL chain stores to Haorizi. This could add several millions of dollars to our top and bottom line. I do not wish to speculate on the exact amount but it is safe to say that we at Haorizi and our parent GLCC with one single swoop just increased our overall location count by about 5%. Our model is quite simple, the more locations and the more stores we can open up under our umbrella, or our back office the greater our revenue streams grow. There is currently RMB 1.9 billion Yuan on the table as revenues that have the potential of flowing through Hoarizi and to the benefit to all of us at Good Life China (GLCC)."
Get the Facts Right. The issuer works hard to continue to keep our shareholders informed, and news is updated frequently via Press Releases, Pink Sheet www.pinksheets.com filings, and updates to our websites. Other websites not sponsored, or recognized by the Company may provide misleading or disinformation to investors in order to manipulate trading patterns for a given stock. Always look for original content from trusted sources, rather than relying on 'excerpts' or discussion boards that may not give you the whole story. The Securities and Exchange Commission requires financial institutions or brokerage firms to provide their clients with documentation, describing the risks of investing in penny stocks.
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.
Contact: corporate@goodlifechina.com
CONTACT: Contact: corporate@goodlifechina.com
"There is currently RMB 1.9 billion Yuan on the table as revenues that have the potential of flowing through Hoarizi [sic] and to the benefit to all of us at Good Life China (GLCC)."
1,900,000,000.00 CNY = 278,115,263.00 USD
Date : 10/17/2008 @ 8:08AM
Source : PR Newswire
Stock : (GLCC)
Quote : 0.004 0.0 (0.00%) @ 8:07AM
Good Life China (GLCC) to Spin Off Logistics Division valued at $1.5 million U.S.
BEIJING, Oct. 17 /PRNewswire-FirstCall/ -- Good Life China Corporation http://www.goodlifechina.com/ (GLCC.PK) is pleased to announce that it intends to spin off its logistics division to a Chinese based buyer, an operating subsidiary of a USA based publicly traded company.
Company CEO Dongmei Jia explains "To those that have been following Good Life for a while now, and as per our previous filings, it is no secret that we have been seeking a buyer for our logistics division for some time now. As previously announced, the Good Life has transitioned away from being a traditional franchised retail store chain. We have developed an innovative and highly sophisticated end-to-end supply chain management platform, from which it generates revenue from both the supply side and retail side of the business.
"This has eliminated financial risks and tight margins normally associated with a traditional retail chain business model, as the Company does not take title to products that move through the retail distribution channel. Instead, the Company charges both its store members and suppliers fees for using its advanced logistics, warehousing and related e-commerce functions. With the evolution of our business model, we have therefore decided to recognize this new reality, and split off this division into a separate publicly traded company. Frankly, we do not feel that the Company's current market capitalization properly reflects the true value of the Company. This move is designed to unlock the true value of the underlying business, and allow the market to place a valuation more in line with the fundamental economic performance of Good Life as a whole".
The Company has reached a preliminary agreement with a China based company. The deal is tentatively valued at $1.5 million U.S. This will be comprised of a cash payment of $300,000 and stock issuance of the purchaser's company. We are also considering our corporate advisor Mina Mar Group proposal that part of this purchase price be returned to our USA based shareholders who have held their position for at least a couple of months in the form of a 1 time special dividend, in addition to the dividend already scheduled for a payout by the end of the 4th quarter."
In other corporate news: the issuer has posted a copy of a TV ad which will begin airing shortly nationwide on its corporate web site http://www.goodlifechina.com/; click on the "as seen on TV" icon.
Safe Harbour 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.
Get the Facts Right. The issuer works hard to continue to keep our shareholders informed, and news is updated frequently via Press Releases, Pink Sheet http://www.pinksheets.com/ filings, and updates to our websites. Other websites not sponsored, or recognized by the Company may provide misleading or disinformation to investors in order to manipulate trading patterns for a given stock. Always look for original content from trusted sources, rather than relying on 'excerpts' or discussion boards that may not give you the whole story. The Securities and Exchange Commission requires financial institutions or brokerage firms to provide their clients with documentation, describing the risks of investing in penny stocks.
CONTACT:
DATASOURCE: Good Life China Corporation
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20.10.2008 15:39
Good Life China (GLCC) to Convert to New Business Model by Year's End
BEIJING, Oct. 20 /PRNewswire-FirstCall/ -- Chairman Dongmei Jia of Good Life Corporation http://www.goodlifechina.com/ (GLCC.PK) announced that conversion to the new business model should be completed by end of the 4th quarter.
As the Company has continued to experience geometric growth, management has realized that the point is approaching at which the Company will have to revamp and enlarge its head office management group, and the organization will gradually suffer from typically, large company 'bloat'.
Chaiman Jia notes, "We have run lean, and focused. We were starting to see some of the potential downside of our incredible growth pattern. No matter how you slice it, more people means more meetings, more coordination between different departments, and more fat around the 'corporate middle'.
We have grown this quickly based on our software development capabilities, that have allowed to bring new suppliers and franchisees on line and get them fully productive in a very short time. As our retail channel management platform has grown in sophistication, we realize there if we remove ourselves from the middle of the wholesale distribution channel, we can connect suppliers to retailers directly, and act as a pipeline for which we charge fees for the goods flowing through the pipe.
Along the same lines of thinking, providing turnkey franchise systems is time and resource intensive. We are stripping down the model to a membership approach. Retailers will purchase membership, typically for 3 years, and ongoing monthly platform access fees. We see greater revenue potential and lower expenses with this new model. Our pilot project has returned exceptional results so far.
Suppliers will be charged to purchase our supply side software package, and pay for logistics and warehousing. We expect that the supply side will account for a majority of our revenues under this new approach, and most particularly, logistics services.
Taking this logic further, it makes good sense to split-out the logistics services division into a separate company, as this will be a high-value, high growth and high profitability source of revenue, and we want to recognize fair market value for it in the investment marketplace."
The Company will be releasing additional updates about this business model conversion in the very near future. We will also be releasing new and updated pictures of our operations on our corporate web site shortly, which is something that our shareholders have been asking for.
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.
Get the Facts Right. The issuer works hard to continue to keep our shareholders informed, and news is updated frequently via Press Releases, Pink Sheet http://www.pinksheets.com/ filings, and updates to our websites. Other websites not sponsored, or recognized by the Company may provide misleading or disinformation to investors in order to manipulate trading patterns for a given stock. Always look for original content from trusted sources, rather than relying on 'excerpts' or discussion boards that may not give you the whole story. The Securities and Exchange Commission requires financial institutions or brokerage firms to provide their clients with documentation, describing the risks of investing in penny stocks.
CONTACT: corporate@goodlifechina.com
BEIJING, Oct 22, 2008 /PRNewswire-FirstCall via COMTEX/ -- Deputy General Manager Zhou Yi of Good Life China Corporation www.goodlifechina.com (GLCC.PK) provided more details of Good Life China's advances in its new approach to business.
The Company is moving away from a traditional "franchise retail store model" and is on the verge of re-inventing itself with membership and licensing rights to maximize gross revenues and significantly mitigate the business risk associated with traditional retail models.
Haorizi* New Retail Model takes Good Life out of the middleman position in terms of ownership of the products sold through its retail distribution network. In its place, the Company will generate revenue from its advanced retail distribution channel management and e-commerce platform. A comprehensive integrated trading platform provides advanced functionality for retailers and suppliers alike. The platform has a retail facing access service for retail operators, a supply side facing program for suppliers, and a back office system for Good Life itself.
On the retail side, traditional franchise fees are being phased out and replaced by subscription or membership fees charged to retail outlets to become a Good Life retailer. These fees can typically be paid on an instalment basis. Membership normally runs for a 3 year period and can then be renewed on an ongoing basis for additional 3 year terms.
This provides retailers with access to Good Life's sophisticated retail trading and e-commerce enabled platform, as well as access to hundreds of suppliers and thousands of products which would normally be beyond the capabilities of individual storekeepers.
In addition, there are monthly system access fees to provide maintenance on ongoing upgrades to the retail trading platform.
On the Supply Side of the equation, suppliers can become Good Life member suppliers in a similar fashion. They pay an upfront fee for the proprietary software developed by Good Life and then pay for periodic updates to the software platform as it continues to add new service capabilities and functionality.
Revenue comes from a combination of Software purchase and upgrade fees, and payments services, which are based on a percentage of gross wholesale value of products shipped through Good Life's retail network. These are negotiated on a contract basis with each member supplier. Supplier billing cycles are paid weekly.
The Company is in the final stages of switching over its retail network to the new system and the supplier base is essentially already converted to the new system.
Zhou Yi notes, "We will have much more detailed analysis available within roughly 3 - 4 months time, once the transition is completed and we have some history with the new system. Importantly, the approach remains flexible, so we can adjust fees where we see an imbalance and optimize the approach over the longer term."
*Haorizi is the retail banner under which the Company conducts business in China.
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.
Get the Facts Right. The issuer works hard to continue to keep our shareholders informed, and news is updated frequently via Press Releases, Pink Sheet www.pinksheets.com filings, and updates to our websites. Other websites not sponsored, or recognized by the Company may provide misleading or disinformation to investors in order to manipulate trading patterns for a given stock. Always look for original content from trusted sources, rather than relying on 'excerpts' or discussion boards that may not give you the whole story. The Securities and Exchange Commission requires financial institutions or brokerage firms to provide their clients with documentation, describing the risks of investing in penny stocks.
CONTACT: corporate@goodlifechina.com
SOURCE Good Life China Corporation
www.prnewswire.com
Copyright (C) 2008 PR Newswire. All rights reserved
-0-
KEYWORD: Ontario
INDUSTRY KEYWORD: OTC
SUBJECT CODE: ZHA
Wird die Anzahl der Haorizi-Shops nun neben dem neuen Geschäftsmodell weiter ausgebaut oder umgekehrt, zu Gunsten der neuen Geschäftsidee schrumpfen?
Hat jemand den Durchblick? Welche Auswirkungen auf Kursziele wären zu erwarten, falls ausschließlich auf das neue Modell umgesattelt wird?
Danke für die Antwort eines Weitsichtigen im voraus!
Aber es geht derzeit fast allen so, die künftigen Gewinner sind entweder die heutigen "Aussitzer" mit Ausdauer oder Käufer. Andersrum, wer jetzt verkauft (aus freien Stücken oder Zwang) kann nur verlieren, es sei denn, dass er vor dem nächsten Hypo nochmal rechtzeitig wiedereinsteigt!
29.10.2008 12:08
Good Life China (GLCC) Starts TV Broadcast in USA
BEIJING, Oct. 29 /PRNewswire-FirstCall/ -- Further to the issuer's Good Life China Corporation (News) (GLCC) http://www.goodlifechina.com/ news announcement of Aug. 29 2008 where amongst other things, the issuer announces that it has finished production on a multi-media advertising campaign that will include TV, and online rich media; the issuer is pleased to provide this further update.
These ads will begin to air on or about October 30 2008. The inserts shall run 4 times a day, 5 days a week M-F for two weeks beginning October 30 2008.
For a detailed list of schedules TV stations and all other matters please see this direct link directly at http://www.pinksheets.com/otciq/ajax/...ancialReportById.pdf?id=17985
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.
Get the Facts Right. The issuer works hard to continue to keep our shareholders informed, and news is updated frequently via Press Releases, Pink Sheet http://www.pinksheets.com/ filings, and updates to our websites. Other websites not sponsored, or recognized by the Company may provide misleading or disinformation to investors in order to manipulate trading patterns for a given stock. Always look for original content from trusted sources, rather than relying on 'excerpts' or discussion boards that may not give you the whole story. The Securities and Exchange Commission requires financial institutions or brokerage firms to provide their clients with documentation, describing the risks of investing in penny stocks.
CONTACT: corporate@goodlifechina.com
29.10.2008 18:35
Good Life China (GLCC) Current and Forward Guidance
BEIJING, Oct. 29 /PRNewswire-FirstCall/ -- Further to the company's Good Life China Corporation (News) (GLCC) http://www.goodlifechina.com/ news announcement on various expansions and growth strategies the company is pleased to provide the following update on the current status and forward guidance.
At present, Haorizi Co., Ltd warehouse network (http://www.huozhan.com/) has in operation 3 branches and 3 distribution centers serving over 1,800 Huozhan proprietary outlet members and an additional 800 supplier members. in Hebei Province, there are more than 50,000 villages and towns with 70 million permanent residents. There is over 3,000 towns, 2,000 urban communities and 16Â million permanent residents in Beijing alone. In the next 5 years, Haorizi Co., Ltd plans to invest and set up, up to 20 logistic distribution centers in Beijing, Tianjin and Hebei. There will be 20 additional braches providing information and logistic distribution service for 30,000 outlet members and 6,000 supplier members. At present, the company and its operating subsidiaries collectively earn the enterprise RMB 66.80 million yuan income from software licenses, (About 8.9 million USD) and an additional annual income of RMB 93.60Â million yuan (About $12.4 million USD) from information maintenance services.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain 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.
Get the Facts Right. The issuer works hard to continue to keep our shareholders informed, and news is updated frequently via Press Releases, Pink Sheet http://www.pinksheets.com/ filings, and updates to our websites. Other websites not sponsored, or recognized by the Company may provide misleading or disinformation to investors in order to manipulate trading patterns for a given stock. Always look for original content from trusted sources, rather than relying on 'excerpts' or discussion boards that may not give you the whole story. The Securities and Exchange Commission requires financial institutions or brokerage firms to provide their clients with documentation, describing the risks of investing in penny stocks.
CONTACT: corporate@goodlifechina.com