Good Life China Corporation (GLCC) Logistics Candidate
December 29 2008 - 7:48AM
PR Newswire (US)
BEIJING, Dec. 29 /PRNewswire-FirstCall/ -- Good Life China
Corporation http://www.goodlifechina.com/ (GLCC) announced today
that it has identified 2 separate public companies which it will
acquire (or has began the acquisition process already). The
original targeted candidate is a UK based PLC company Robox A I PLC
description: Equity, ISIN GB00B2NPLL36, WKN A0NBLU, Symbol: 5RB
quoted on the German Deutsche-Boerse. http://deutsche-boerse.com/ .
The 2nd public company is a USA based issuer who came forth
unsolicited after the conclusion of the shareholders tele
conference held last week, and remains a possible option for the
issuer. Mr. Yves Yang, the company spokesperson, said, "The
company's management sees Robox as a great vehicle with its share
price of $1.00 as the best suitable option for its logistics
division. We are well underway with the Robox transaction, and
although the 2nd USA based company is attractive we can not release
its name until we have reached a more concrete ground with them.
Mr. Garr Winters, the company's Secretary, has advised Good Life
management and Ms. Jia, the company's CEO, that he intends to seek
legal guidance with a securities lawyer as to the best way to
provide the GLCC shareholder base with entry into Robox. The
options currently in consideration include a straight share
exchange agreement, free trading shares with some managed leak out
to prevent a rapid share decline and obviously with a significant
premium paid to all GLCC shareholders. Alternatively, a new share
distribution of Robox to the Good Life shareholders is an option.
In order to keep the dilution to a minimum Mr. Winters suggestion
that the key management of Good Life China follow his example and
receive no new shares of Robox. This proposal was accepted by the
Good Life board. (For services as a Secretary of Good Life China
Mr. Winters receives compensation of $1.00 per year plus stock for
services rendered. Mr. Winters is a philanthropist. He has never
sold any stock in the companies he acts as a Secretary or an
advisor and instead donates 100% these stock proceeds to charity)."
The issuer continues to work with the packaging company (see
filings on Pink Sheets) and distributions the issuer intends to
make to its broad shareholder base. Mr. Yves Yang added, "2009
indeed is shaping up to be a very promising year for Good Life
China. We anxiously await arrival of our advisors to the home
office here in Beijing in January to conclude all of these pending
business matters." In other company news, the issuer's corporate
advisor on behalf of the issuer has served notice to Westmount
Resources, an OTCBB quoted company, that Good Life China intends to
issue a statement of claim (a complaint in USA) in an Ontario,
Canada court for certain business matters, as per the issuers
filings and notice of intent dating back to May-June 2008 unless it
receives relief from Westmount or its direct managers. Mr. Yves
Yang concluded, "This was the original targeted merger or split off
company for our logistics division and after the transaction became
frustrated we looked at other markets and were introduced to Robox.
One way or another we remain committed to transforming Good Life
China into a larger more stronger entity." The issuer will provide
further details as they become available. 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. Get the Facts Right. The issuer works hard to continue
to keep our shareholders informed, and news is updated frequently
via Press Releases, Pink Sheet http://www.pinksheets.com/ filings,
and updates to our websites. Other websites not sponsored, or
recognized by the Company may provide misleading or disinformation
to investors in order to manipulate trading patterns for a given
stock. Always look for original content from trusted sources,
rather than relying on 'excerpts' or discussion boards that may not
give you the whole story. The Securities and Exchange Commission
requires financial institutions or brokerage firms to provide their
clients with documentation, describing the risks of investing in
penny stocks. CONTACT: CONTACT: DATASOURCE: Good Life China
Corporation CONTACT:
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