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Thursday, June 19, 2008 5:49:32 PM
As Portwood stated and the Company stated
Questions about the float were answered!
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.
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