Good Life China Corporation (GLCC)

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PRAE, minutes into the VIDEO (http://www.brjt.cn/news/index.aspx) the subtitles read:

"In 2007 Beiguo department store ranked sixth in the best selling list of single retail enterprises..."

See how this relates to the GLCC PR ( Can you say $$$$$$$)!:

"BEIJING, China, May 23, 2008 /PRNewswire-FirstCall via COMTEX/ -- Goodlife China Corp (GLCC) and Beiguo Renbai Group Corp are pleased to announce that the 2 companies signed strategic cooperation agreement in Hebei.

Director of Hebei Supply and Marketing Cooperatives Zhang Yanhui, Deputy Director of Hebei Commerce Zhong Ji'an, Deputy Secretary General of Shijiazhuang Government Tang Huamin, Director of the Bureau of Commerce of Shijiazhuang City Kang Shunjing and other officers attended the signing ceremony.

Goodlife is a successful logistics service enterprise which introduces commodity to rural area and brings agricultural products to cities. Founded in 1998, the company has becomes one of the leading enterprises in the fields of agricultural products, production materials, and commodity of Hebei supply and marketing cooperatives. Goodlife has an advanced information service system of terminal network of supply and marketing for urban and rural chain, and e-business platform.

With the total assets of Yuan 150,000,000, it now establishes five subsidiaries in Beijing, Shijiazhuang, Cangzhou and other strategic locations. Goodlife engages in the logistics supply for terminal retail network of business chain faced urban and rural areas, and the establishment of B2B information platform these ten years, providing commodity suppliers service of storage, logistics distribution and information. It keeps 95% growth rate of development and now has three logistics distribution centers in Beijing, Shijiazhuang, and Cangzho.

Goodlife serves more than 500 suppliers and 1700 stores members, with storage and distribution sum reaching 500,000,000 RMB in 2007. In 2008, Goodlife plans to increase 500 supplier members around Beijing, Tianjin and Hebei, totally 1000; increase 1000 store members, totally 2006; establish 2 logistics distribution centers, annual sum of storage and distribution over 1 billion."



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Not a buy or sell recommendation; everything is IMO.

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