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GLCC News Good Life China (GLCC) Further Reduces Outstanding...
Wednesday, June 18, 2008 4:46 PM

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News for 'GLCC' - (Good Life China (GLCC) Further Reduces Outstanding, The Float And The Short List)


TORONTO, June 18, 2008 /PRNewswire-FirstCall via COMTEX/ -- Good Life China
Corp Pink Sheets: GLCC.PK www.goodlifechina.com is pleased to announce after the
market has closed that it was successful in its task to further reduce its
outstanding share structure, the float and the short sellers covering their
position. The issuer intends to post the true certified copy of its outstanding
share structure from the transfer agent Heritage Trust on pink sheets.com
shortly. The issuer successfully reduced its float count from 71.5 million to
about 43.3 million. This was achieved by recently announced warrants and
options. The issuer has also identified its source of shorting, as offshore. The
issuer's IR firm has been on the telephone contacting many broker-dealers
advising them of how it wants its security managed. The issuer is using this
opportunity to rescind its European only release sent out today. The issuer has
no plans on securing any "secondary financing" and extends its gratitude to all
the offers. The issuer today also passed a resolution to reduce its authorized
shares to 200 million shares should it deem necessary, without further notice.

Safe Harbor statement under the Private Securities Litigation Reform Act of
1995: Certain forward information contained in this release contains
forward-looking statements that involve risk and uncertainties, including but
not limited to, those relating to development and expansion activities, domestic
and global conditions, and market competition.

SOURCE Good Life China Corporation



www.prnewswire.com


Copyright (C) 2008 PR Newswire. All rights reserved

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KEYWORD: Ontario

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