Good Life China Corporation (GLCC)

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Good Life China (GLCC) & XE:L9X Expansion and Overview Update
Date : 06/20/2008 @ 10:44AM
Source : PR Newswire
Stock : (GLCC)
Quote : 0.033 -0.007 (-17.50%) @ 10:34AM
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Good Life China (GLCC) & XE:L9X Expansion and Overview Update





BEIJING, China, June 20 /PRNewswire-FirstCall/ -- Pink Sheets: GLCC http://www.goodlifechina.com/ . The issuer is providing this expansion and management update to its followers as a follow up. As of June 20 2008 there are 3 distribution centers in operation. The current number of franchise stores is 1811. The current number of Gas stations with Petro China Marketing company is 512. The current number of stores being serviced for Beijing SJJJF Supermarket Chain, (SJJ) is 550.

The issuer has set a very aggressive 3 year expansion plan to include a total of 19 logistics centers, handling approximately 8,000 vendors, 50,000 network shops, and distribution of more than 50 billion Yuan (nearly $7 billion USD) in products annually. The issuer has enjoyed meteoric growth rate over the last 10 years, becoming the largest chain store network of convenience stores in rural China. Current plans call for the Company to expand to 4,000 franchised stores in 2008, and reach upwards of up to 15,000 locations by the end of 2010.

In other corporate updates the issuer would like to use this opportunity to introduce its 3 additional key executives to its followers.

- Mr. Wen Peng Gui Vice President/E-commerce Manager of Hebei Good Life Business Ltd. Previously experiences and position include Development Manager of Hua Cheng, Branch of The People's Bank of China.

- Mr. Boaxin Yang is a graduate Renmin University, Business Administration and serves as Vice President and Logistics manager of Good Life Group. Ltd - Mr. Ming Zen, CTO of Good Life Group. Ph.D.&M.S. in computer Sciences, Beijing Univ.; B.S. in Computer Sciences, Zhejiang Univ.


The issuer expects to be in a position to announce its UK based corporate advisor, who specializes in mergers buyouts and corporate acquisitions, together with its Olympic sponsorship candidate and spokesperson by the end of the month.

Contact: http://www.minamargroup.com/helpdesk

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.

DATASOURCE: Good Life China Corporation


CONTACT: http://www.minamargroup.com/helpdesk