Good Life China Corporation (GLCC)

[crazy horse 0]

Kylock like (GLCC) To Prepare Audits


BEIJING, China, June 24 /PRNewswire-FirstCall/ -- http://www.goodlifechina.com/ PINKSHEETS: GLCC.PK is pleased to announce that the company board has unanimously passed a resolution to move forward with preparing the audited financial statements. Mr. Yang, a company spokesperson, said, "Late last night we advised our corporate advisors that GLCC will begin the task of preparing audited statements. We have a number of USA and UK based corporate and accredited investors who have stepped up to the plate and expressed their serious intentions to fund GLCC to the tune of 10 to 20 million dollars for future expansions. It is our understanding that this is the first step needed towards obtaining any serious financing, then moving on to becoming an SEC reporting issuer and onwards to a higher exchange. The issuer is also considering the possibility of (once the audits are completed, filed, and approved) of spinning out some of its divisions - i.e the IT and or North American divisions - while the main asset based operating entity moves on with its aspirations of a higher exchange. Obviously our shareholders would be issued a new block of stock and be shareholders in both entities, moving forward. No pay date or a decision has been made on this, as of yet. At this point the GLCC management focus will be on getting the audited statements completed and filed so to begin the process of further advancement."

The common shares of the Company are currently listed in the USA Pink Sheets (symbol GLCC.PK) and the Frankfurt Stock Exchange (Xe:L9X) The issuer is in good standings with Pink Sheets and ranked as a "Current Information" filer with its security.

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

Safe Harbour Statement


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