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[herbalife13]

Good Life (Haorizi) is in fact a reverse merger

QUESTION:

The Press Releases from China indicate that Esprit is only acquiring an interest in Good Life. This does not sound lke a reverse merger at all. Why is there such a discrepency?

RESPONSE:

The Deal with Good Life (Haorizi) is in fact a reverse merger. Good life has tendered all of their shares in their private company in order to complete this deal. They will receive publicly traded, but restricted stock in exchange for these shares.The press releases in China were poorly translated, and coupled with their inexperience in the public market, it came out backwards.

In esssence, 100% of Good Life China shares will be traded under the new ticker symbol (once it is obtained) on the Pink Sheets, and Good Life is no longer a privately held company.