Good Life China Corporation (GLCC): Post Unavailable Additional Informati...

PayDirt! · 2008-02-19T11:54:16.9200000Z

Good Life China Corporation (TLGP - pending new ticker symbol) (Frankfurt Ex. L9X) Closes Purchase of Assets MonArc Corporation - (MONA.PK) BEIJING, Feb 19, 2008 /PRNewswire-FirstCall via COMTEX/ -- Good Life China Corporation (TLGP) is pleased to announce that it has closed the purchase transaction of Mon Arc Corporation assets in an all stock transaction. Total consideration was 86 million common restricted shares of TLGP. The assets were valued at $60.2 million on the transaction date, February 15th, 2008. Purchased MONA assets included Good Life China, a chain of over 1,600 convenience stores in Hebei Province, China. This is the primary business unit and will account for the major portion of revenues and profits moving forward. Also acquired is the North American division, engaged in a diversified number of online sub prime financial services. These include: the Payday Loan Software division, Forex Trading and Check 21 Advanced Electronic Funds Management. Good Life China Corp CEO Ms. Dongmei Jia has said "We are very pleased with the completion of this transaction. We wish to thank the Mina Mar Group our advisor in this transaction for their hard work. Moving forward, we have instructed Mina Mar Group to assist us in aid of submitting updated information to the Pink Sheets later this week, to cover the period up to December 31st, 2007. This filing is currently being reviewed by previous TLGP management. The submission will include financial statements and all requested information to qualify for the Pink Sheets, Checkmark status. About Good Life China Corporation Good Life China Corporation operates a rapidly growing chain of franchised convenience stores based in Hebei Province, China. It employs advanced retail concepts such as e-commerce enabled POS/back office systems, and achieves significant economies of scale on the supply side of the business. It will be expanding geographically to neighboring Provinces, as well as offering a growing number of additional products and services, such as financial products, as it moves forward. North American operations include a diversified number of online sub prime financial services. These included: the Payday Loan Software division, Forex Trading, and Advanced Electronic Funds Management.

Good Life China Corporation (GLCC)

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Tuesday, 02/19/2008 6:54:16 AM

Tuesday, February 19, 2008 6:54:16 AM

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