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Good Life China GLCC NEWS
Business Update

BEIJING, China, June 5, 2008 /PRNewswire-FirstCall via COMTEX/ -- Pink Sheets: GLCC.PK, www.goodlifechina.com is pleased to provide the following update to its shareholders and followers.
Ms. Doi Mai Jia CEO of GLCC said, "In our earlier news release we have identified a small growth China based company Asiana Corporation (ASIC.PK) to whom we were looking to sell our Check21 division. I have met with Mr.Xu the CEO of Asiana, and on the second look we are now actually considering buying Asiana company as a whole on a all cash basis. Asiana enjoys the benefit of being licensed as an investment firm in China, and one of its assets is its rare Chinese issued Investment Company license. This license with a transfer value limit of 1.5 million dollars, can easily be upgraded to 100 or 500 million dollars now that it is active and in business. This alone would open up a whole new marketplace for GLCC with our Check21 capabilities, and with Asiana money transfer and payment services. I wish to stress again that this deal subject to further due diligence, will be done on a all cash basis. We do not wish to disturb our current share structure and our price per share; which has been on a bit of a roller coaster ride lately.

"On that note we wish to invite our shareholders and followers to preview a web cast interview conducted with GLCC on www.emergingissuer.com

"The direct link to the interview can be found by visiting this link directly:


http://www.emergingissuer.com/index.php?option=com_content&task=view&id=76&Itemid=27

"GLCC is a dually listed issuer on Pink Sheets and in Frankfurt and it is our hope that this mailer of Emerging Issuer will shed some more spot light on our stock. The mailer is being sent by the issuers IR Company to several million European only investing audience."

In other company updates, Mr.Yang a company spokesperson said, "Although we are taking every measure to bring attention to our company and our stock, this certainly is not a bad time for us as a company to begin a gradual buyback program at these levels. Although we have the resources to buy up the entire float, our goal is not to own the entire float or to drive our price too high, too fast artificially. Instead, we are looking at offering steadfast support that can be built upon. What we mean by that is the type of support that other long term investors can begin to buy in a healthy environment."

The company intends to make further updates on this topic together with numbers.

Safe Harbor Statement

Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to the ability to close transactions being contemplated, risks related to sales, continued acceptance of Good Life China Corporation's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Good Life China Corporation's periodic reports filed with the regulatory authorities.

SOURCE Good Life China Corporation



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Not a buy or sell recommendation; everything is IMO.

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