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earthrhino · 2008-01-02T14:12:27.9400000Z

No problem, BEIJING, China, Jan. 1 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (EFGO.PK) www.espritfinancialgroup.com, DBA Good Life China www.goodlifechina.com announced today that it has finalized and completed the acquisition of Hebei Haorizi Company Ltd. Esprit CEO Garr Winters advised, 'We are very pleased to make this announcement. This transaction was a complex one given the fact that Good Life is based in China, and under Chinese law, a Special Purpose Corporation (SPC) is required to facilitate the merge. We must thank Good Life CEO Dongmei Jia and the rest of her management team for working with us in a very harmonious way.' The Mina Mar Group www.minamargroup.com was also singled out as being of great assistance in structuring the deal, and helping set up the Belize based SPC and other US filings in a very efficient manner. Their consulting assistance on the regulatory requirements was pivotal to the success of this merger. The transaction has been structured in the following manner: - Asia Pacific Enterprises Limited, a special purpose company incorporated in Belize, has completed the purchase of 100% of Hebei Haorizi Company Ltd. Asia Pacific has appointed Good Life management to act as officers and directors of the corporation. - Esprit Financial Group has completed the acquisition of 100% of Asia Pacific Enterprises Limited. Winters added, 'Good Life is now officially open for business as a public Company in North America. This is a very significant accomplishment, particularly in light of the complex legal process, and the tight time frame within which we have been able to complete all of the filings in 3 different jurisdictions. 'In order to complete these aforementioned transactions, together with the previously announced pending transactions the Company is undergoing a recapitalization process. The first step will see the Company issuing 1 share of Esprit for every 1,000 shares currently outstanding. This will be done by having the Company's Transfer Agent cancel all share certificates currently outstanding, and reissuing new share certificates to provide assurance that the public float accurately reflects the true share position.'