Good Life China Corporation (GLCC)

[breezin_chs]

JB and all, share structure.

In addition to Captskip's post, yesterday's Authorized Shares Update (below) is a concise statement of the share structure and makes it clear that GL is transparent, ambitious and unconscionably undervalued, IMO. Also, NO private placement financing.

Today we see that the company has ordered a NOBO list and that the NA operations are heating up.

Marine, thanks for the bullet points. Helpful. One correction: Good Life now has six logistics centers, up from three, which is a division that is its own profit center, much more than a support function.

So what's a few missing zeros (typo in update below). A/S reduced from 2.5B to 500M. O/S 169M (to be reduced to 150M?).

http://www.pinksheets.com/pink/quote/quote.jsp?symbol=glcc
Supplemental Information- Authorized Shares Update May 22, 2008

Beijing China — May, 22, 2008. Mr.Yang a spokesperson for the company is pleased to report that the issuer has reduced its authorized share structure from 2,500,000 to 500,000,000. The issuer also abandoned its plans to secure private placement financing. The outstanding share structure of approximately 169,000,000 remains the same. The GLCC management and its advisors are also looking at ways of reducing the outstanding share structure from 169,000,000 to about 150,000,000 with cash payments in lieu of stock and return of stock to the treasury.

In abundance of caution and to save the issuer from having to re issue additional clarifications on this topic, this recent reduction of authorized shares and upcoming planed reduction of outstanding shares does not mean a stock reversal or a stock split.

We have also heard back very favourably from Pink Sheets regarding our "current status" ranking progress. Our lawyer is in the process of completing the updated opinion letter as requested by the Pink Sheets compliance department. Although not required, we also plan on filing an updated Initial Disclosure document in the next quarter which should quell all the false rumours that the issuer or its principals are somehow engaged in a dilution or a share sale process. We are eager to demonstrate that the current sells have originated from the existing shareholder base and not from outside or unrelated sources.

Both the company and its advisors are monitoring our current artificially suppressed share values. We are confident that the market forces will acknowledge our company's values, our assets, our filings and in due time the market should simply correct itself, in our opinion.