http://www.finanznachrichten.de/...chten-2008-09/artikel-11881467.asp29.09.2008 12:04
Good Life China (GLCC) CEO Message
BEIJING, Sept. 29 /PRNewswire-FirstCall/ -- Good Life China Corporation (News)
http://www.goodlifechina.com/ (GLCC.PK) CEO Dongmei Jia provided a summary update on Good Life China developments of interest to its shareholders, as detailed below.
To our Good Life Shareholders,
It is sometimes difficult to keep our North American investors completely apprised of the ongoing business developments we are achieving, being half way around the globe, and with the difficulties inherent not only with the differences in the manner in which business is conducted, but translating information into English as well.
We are hard at work on a number of exciting fronts, and I would like to take this opportunity to apprise our shareholders a brief summary of some of the business achievements we have been making. We will provide more detailed information on many of these items as we continue to make additional progress.
We have just officially opened the new Haorizi E-Commerce Platform System,
http://www.huozhan.com/ composed of seven subsystems: -
http://www.huozhan.com/ E-commerce system - online payment system - E-commerce data analysis system - digital outlet management system - supply chain management system - logistics management system - terminal sales settlement system.
From a macro strategic perspective, we have built a highly sophisticated end-to-end supply chain management platform that is designed as an open system to allow new members to 'plug-in' to our platform on both the retail and supply side of consumer and farm related products. As such, new members on either side of the equation can select from a variety of 'best of breed' products and services to improve and expand their businesses.
We have received another couple of awards in recognition of our advanced technology solutions, including: - "Quality and credit-worthiness double assurance enterprise of Hebei province" and; - "AAA class credit trade enterprise of Hebei province"
We have also been awarded financial grants from a number of government agencies to continue to develop advanced retail technology that will benefit China's rural markets.
From a store operations point of view, we continue to expand both through internal growth and through acquisitions. On a year to date basis, we opened a total of 726 new member stores, reaching a total of 2,325 current Haorizi stores. We also recently announced the addition of Shijiazhuang based "The People Home" (TPH) chain with 625 additional stores. Additionally, we reached a preliminary distribution agreement with Xinle Shengshi supply and marketing chain business Co., Ltd. to provide distribution and logistics support for the 180 stores in their chain. In Beijing alone, there are 200 store members currently placing orders via our new online platform, and we expect that over 2,000 outlets will order online by the end of this fiscal year.
So far this year, we have added a total of 380 new suppliers to our supply chain management system, more than doubling the number of suppliers to 620. We will provide more specific data regarding the economic value of a number of major additions in the near future.
Our suppliers are offered a complete selection of advanced support for every aspect of logistics and distribution, and depending on the supplier, they may access Good Life services for warehousing, distribution, online payments, e-commerce data analysis, digital outlet management system, and related services.
Our distribution activities processed nearly $49,000,000 USD worth of goods at the wholesale level. Our net margin for this quarter is projected to be $1.3 million USD.
Importantly, Good Life has arranged another visit from our exclusive corporate advisors Mina Mar Group and our new investment relations company The Investors Line
http://www.theinvestorsline.com/ to visit our company in mid-October. Our legal advisors both here in China, Europe and USA are impressed with our corporate advisors ability and willingness to stand in the line of fire, and confront those that are interfering in our ability to conduct commerce and trade. They have greatly assisted us, in growing our company, meeting our objectives and reaching our targeted goals. We are advised that this is a potentially a landmark case, of interest to all OTC investors. We wish to express our gratitude by arranging a third party to issue PR to a much broader audience either through a government channel, or stock analysts in support of their valiant efforts. Further plans may include a media kit to also accompany the third party announcement.
The mid October visit will afford the team the opportunity to sit down one-on-one with our executives to go through our business operations and results, strategic initiatives etc; to obtain first-hand knowledge of our achievements to date, and our corporate objectives and strategies moving forward. We feel this is an important process, as they can review our operations first-hand and better communicate our business developments to our shareholders. Some of this content will be incorporated in the upcoming TV broadcasts scheduled several months ago.
As we head into the last quarter of this year, we are extremely well-positioned to continue to grow our business aggressively, and demonstrate outstanding performance on behalf of our shareholders.
Sincerely, Dongmei Jia, CEO
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 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.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain 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.
CONTACT: corporate@goodlifechina.com
CONTACT: corporate@goodlifechina.com
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