AI
Tuesday, January 01, 2008 10:41:56 PM
11.28.2007: Goldfish swallowing a whale.
Esprit CEO Garr Winters said, 'We are tremendously excited about this merger, which takes both companies to new heights. Good Life is growing at an incredible pace, and we have been extremely impressed with their business models, as well as their incredible growth rates. I would like to thank all members of our respective teams for their commitment and diligence in making this deal happen. This merger can best be described as a gold fish swallowing a whale. The sheer size, infrastructure and upside potential of Good Life is simply overwhelming. In my opinion with this merger firmly in place the sky is the limit for our newly formed company. The opportunities in China are just staggering and with this merger and with Ms. Dongmei Jia in the driver's seat we see a huge upside for the company and our shareholders.'
Good Life founder President and CEO Ms. Dongmei Jia has said we are extremely pleased with this merger as well. Although the two companies do business in 2 different countries our services are similar for the sub prime market. We both shared the vision to bring the linked businesses together through modern means of the Internet for the rural development in China. After six months of full time communications, negotiation, and meetings the two sides agreed to cooperate in the reorganization and the merger, believing that the two sides will further expand their business, and achieve even greater development for the benefit of the shareholders. The merger of Good Life with Esprit and our current logistics, business development and rural structures will allow a rapid development of trade and financing channels for the Good Life lending business services in the rural areas. The addition and experiences of Esprit bring us new concepts, a new business model (payday loans) and advanced management techniques for building a greater company and a great organization.
Esprit CEO Garr Winters said, 'We are tremendously excited about this merger, which takes both companies to new heights. Good Life is growing at an incredible pace, and we have been extremely impressed with their business models, as well as their incredible growth rates. I would like to thank all members of our respective teams for their commitment and diligence in making this deal happen. This merger can best be described as a gold fish swallowing a whale. The sheer size, infrastructure and upside potential of Good Life is simply overwhelming. In my opinion with this merger firmly in place the sky is the limit for our newly formed company. The opportunities in China are just staggering and with this merger and with Ms. Dongmei Jia in the driver's seat we see a huge upside for the company and our shareholders.'
Good Life founder President and CEO Ms. Dongmei Jia has said we are extremely pleased with this merger as well. Although the two companies do business in 2 different countries our services are similar for the sub prime market. We both shared the vision to bring the linked businesses together through modern means of the Internet for the rural development in China. After six months of full time communications, negotiation, and meetings the two sides agreed to cooperate in the reorganization and the merger, believing that the two sides will further expand their business, and achieve even greater development for the benefit of the shareholders. The merger of Good Life with Esprit and our current logistics, business development and rural structures will allow a rapid development of trade and financing channels for the Good Life lending business services in the rural areas. The addition and experiences of Esprit bring us new concepts, a new business model (payday loans) and advanced management techniques for building a greater company and a great organization.
