Good Life China Corporation (GLCC)

[S-BEES-BUMBLEBEE]

PANIC SELLING - LOL!!! ..FLOAT DECREASED and kept UNCHANGED!

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All shares issued pursuant to the placement will bear a legend restricting transfer until February 1, 2009.

Mr.Yang the company spokesperson said 'The private placement was completed with accredited investors including some existing, and new shareholders from USA, Canada, England and Hong Kong. Simply, the accredited investor term is defined by various securities laws that delineates investors permitted to invest in certain types of investments, such as limited partnerships, hedge funds and angel investor networks. The term generally includes wealthy individuals, and organizations such as a corporation, endowment or retirement plans. In the USA there are specific guidelines as to who is considered an accredited investor. The reason we bring this to our follower's attention is that the issuer has received a number of inquiries from novice investors who unknowingly believe or are told that the float has increased and that some sort of immediate dilution is in effect. In fact, it is quite the opposite. While the float did increase temporarily as old and seasoned restricted shares matured, it then significantly decreased to its current level as posted on Pink Sheets. This was achieved with warrants being issued as per the issuers filings. Again, this is worth repeating, this private placement was completed with RESTRICTED SHARES being issued, and this private placement will not affect the float for some time yet to come.

Participants in the private placement include current and existing shareholders. It includes several high net worth accredited investors, including the Woo family from Hong Kong who are engaged in real estate development in the Vancouver Canada and Hong Kong area. They are investing in GLCC in this private placement and in the open market and are the issuers strongest supporters. The proceeds of the issuance will be used to further advance existing projects and expansions of new locations. In addition it will be used to launch its Check21 services in China together with its micro loan services in rural China, through its existing 1,800 existing outlets. The issuer expects to generate significant revenues from this source of funding.
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GLTYA
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-imho-