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July 14, 2008 | Good Life China (GLCC) Eng America Corp Buy Out Proposal | BEIJING, July 14 /PRNewswire-FirstCall/ - Good Life China Corporation, www.goodlifechina.com (Pink Sheets: GLCC - News ) the issuer announces the name of the proposed European buy out company. That buyer's name is Eng America Corporation. The Eng America entity is in the process of changing its corporate name. The deal will involve both cash and stock. The issuer can disclose that Eng America is a USA based buyer that trades on the Frankfurt Xetra Exchange, and is quoted in Euro's and will trade in the 1.00 Euro range. The issuers IR Company Mina Mar Group is in China to discuss this proposal with the Good Life China head office in Beijing. The issuer did post some of the terms of the proposed buyout on pink sheets. Pending the outcome and decision of the issuers head office management, further updates will be filed or announced early next week. The issuer's security persistently remains short sold. The issuer may conduct a share count recall slightly ahead of the closing date of the buyout so to insure that any, and all short sales of its security are promptly covered. A possible short seller has also been identified as per the issuer's filings on Pink Sheets. The IR is making a recommendation of the sale to Eng America. Assuming the transactions closes as planned the current share structure of both the authorized and outstanding shares will remain undisturbed. The issuer has also received many inquiries from its followers vis-a-vis the issuer's intent to conduct a stock reverse split. The issuer is not surprised that these types of questions are arising and possibly generated by its short seller stock traders. Be that as it may, the issuer wishes to use this opportunity to assure its followers, and shareholders that there are no such plans of a stock reversal whatsoever for a good foreseeable future. The common shares of the Company are currently dually listed in the USA Pink Sheets (symbol GLCC.PK) and the Frankfurt Stock Exchange (Xe:L9X). The issuer is in good standing with Pink Sheets and ranked as a "Current Information" filer with its security. 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. CONTACT www.minamargroup.com/helpdesk Source: Good Life China Corporation | GOOD LIFE CHINA CORP ( GLCC ) Good Life China Corp. is a diversified international company active in North America and China. China based operations represent the lion's share of revenue and profit, centered around a large and rapidly growing chain of convenience stores serving rural markets. | | Recent Price | $.011 | | Market Capitalization | $1.84M | | Est Float | 42.4M | | Outstanding Shares | 168M | | Exchange | OTC.PK | Good Life China Corp. Good Life 1 Yonge Street Suite 1801 Toronto, Ontario M5E 1W7 Canada Phone: 800-365-4331 Fax: 866-455-6270 http://www.goodlifechina.com | - Good Life China has enjoyed meteoric growth rates over the last 10 years,growing from a mere 8 stores in 1999 to almost 1,800 in 2007 becoming the largest chain store network of convenience stores. 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.
- The Company has enjoyed meteoric growth rates over the last 10 years, growing from a mere 8 stores in 1999 to almost 1,800 in 2007, becoming the largest chain store network of convenience stores serving more than 2.4 million people in the rural areas of China.
- Net Profit is currently projected to exceed the fiscal plan of $2.29M million USD for the 2007 fiscal year by a significant margin, and increase to over $25 million USD by 2011.
| | Good Life China (GLCC) Completes Deal With ABC China Bank Good Life China recently announced thecompletion of the strategic partnership with Hebei branch of Agricultural Bank of China (ABC). The two parties will cooperate in e-business vista balance, Payday Loan for members, self-support circulation loan, and issue ABC-Goodlife member card. Good Life China has been approached for similar type of relationships with other financial banking institutions in China, and is currently working with the agent for Industrial Commercial Bank of China for a similar type of an arrangement. | Good Life China (GLCC) Goes to the Beach with USA Olympian Elaine Youngs Olympic beach volleyball bronze medalist and 2008 US Olympic hopeful Elaine 'EY' Youngs recently announced a new endorsement agreement with Good Life China Corporation. Youngs, a long time star of the professional beach volleyball circuit, is a 2004 Olympic bronze medalist who remains one of the top ranked players in the world. She and playing partner Nicole Branagh are considered serious medal contenders for the upcoming 2008 Olympic Games. "I'm particularly flattered to work with Haorizi and Good Life China," said Youngs. | | Good Life China Corp. (OTC.PK: GLCC) Chinese Operations Good Life Group Limited was incorporated in 1998, by founder Ms. Dongmei JIA, in conjunction with Hebei Province Supply and Market Association and other private investors, with contributed capital over $8 million USD. Established to develop convenience stores in rural areas within Hebei Province, the Company has been extremely successful. It has grown from a handful of stores to the largest chain of convenience stores with roughly 1,600 retail outlets serving more than 2.4 million people under the Haorizi retail banner in Hebei. The current run rate of gross sales generated within by the chain is over 800 RMB, or $107 million USD. The Company's five year plan is to reach gross sales 30 billion RMB, valued at just over $4 billion USD. This would see the chain grow to 20,000 retail locations, with roughly 20 logistics centers supporting these stores. The Company has met with great success serving the rural areas of Hebei Province, (population of 66 million). It is well-positioned to expand services from a simple retail model to a multi-service franchise system that delivers financial services to meet the specific needs of local farmers. As it does so, it will begin expanding geographically into key neighboring markets and targeted urban centers: - Beijing (Second largest and capital city of PRC. Population 15 million)
- Tianjin (Urban area is the third largest in China, after Shanghai and Beijing. Population: 10.4 million)
- Shandong Province (Population: 92 million)
- Henan Province (Population: 97 million)
- Shanxi Province (Population: 32 million)
- Jiangsu Province (Population: 70 million)
RETAIL STORES >From corporate stores to franchise model: As the Company has continued to grow, it has developed expertise in logistics, and has refocused corporate efforts to concentrate on the efficiencies generated through advanced, web-enabled systems and on the supply side as well as the retail distribution processes. In 2007, the Company moved forward from a corporate owned retail store strategy to a franchise system. All 1,600 stores have been converted to franchises, and are now operated by franchisees. Aggressive expansion of the retail footprint will be made on this basis. The franchise approach works incredibly efficiently. The Company has developed advanced logistics and efficient stock inventory, sales reporting and back end corporate software solutions, adopting many best practices used by major retailers in the Western world. The rate at which the Company can establish new retail locations is astonishing. Standard store sizes are 100 sq. meters per location. Retail outlets are based on a standardized format for the Haorizi convenience store banner. Store fixtures, computer systems, signage and stocking is achieved in a matter of days, rather than months. The chain will open nearly 600 new stores this year, and plans call for an accelerated pace for the next five years that is staggering; reaching 2,200 locations by the end of 2008. North American Operations North American operations will operate on an autonomous basis going forward. Management anticipates significant growth in top-line revenue going in to 2008, as new operations such as Check 21 services and Forex Trading begin to ramp up marketing and sales. The Company has established strong branding under the Cash Now banner, and has a large network of websites under this and other names generating traffic for it's web-enabled services. In 2007, the Company began a diversification program to leverage its core competencies into new markets. Efforts have been focused on Internet delivered financial services to a consumer market. Key attributes for this diversification in business opportunities that have the following attributes: - Consumer facing
- Financial Services related
- Internet delivered
SMALL LOAN LENDING The Company is a pioneer in the payday loan industry, and continues to develop the most comprehensive menu of services in the cash advance industry. Operations include licensing of a comprehensive suite of Internet-based payday loan and check cashing software and private label back end office systems for the sub prime market. The company's proven business model comprises operations in the U.S., Australian and Canadian markets. Goodlife offers complete turnkey solutions for Internet delivered payday loans. The Company's products are licensed to third parties as standalone businesses. Revenue is derived from the initial purchase of the software, and monthly administrative fees, creating an ongoing revenue stream. These fees are not royalties, and allow licensees to pursue aggressive growth without being weighed down by service fees that eat into their margins. PAYDAY EXPRESS The perfect solution for a home based Internet payday loan business without the expense of operating a retail storefront. PAYDAY EXPRESS offers powerful and robust functionality and features, such as reporting, exporting data, Trust Vault integration, electronic funds transfer (EFT) capabilities and a Credit Bureau interface feature. CHECK EXPRESS This product builds on the feature set of the Payday Express, but also includes the full functionality of Cash Now's booking engine, which provides the Company's proprietary credit evaluation software and services. It is designed to service payday loans as well as offering check cashing services. THE TRUST VAULT Goodlife's proprietary Trust Vault provides a secure online environment in which sensitive financial information and transaction data can be held in a secure manner. Loan processing and consumer information is provided and transacted within this secure vault. It is designed to be very consumer friendly and extremely simple to use. "Check 21" (Check Clearing for the 21st Century Act) is a U.S. federal law that became effective on October 28, 2004. It is designed to enable banks to handle more checks electronically, which should make check processing faster and more efficient. Under Check 21, banks can capture a picture of the front and back of the check along with the associated payment information and transmit this information electronically . The international check clearing market represents huge potential for growth. While Check 21 is being increasingly adopted in the United States, it is quite a new concept internationally. Checks drawn on a U.S. Account, for deposit in international markets often take 30-45 days to clear, and sometimes even longer. Cash Now 21 reduces the clearance time to a mere 3 business days or less. For foreign markets such as Asia and South America that have significant funds flow back and forth from the U.S., this becomes an invaluable asset. We are intent on being first to market with as non-financial institution to offer this service. Initial rollout of services is slated for the Chinese markets. There is very significant latent demand for this service and we have received an overwhelming response from preliminary discussions with Chinese banks for our service. Most Chinese banks handle significant numbers of U.S. denominated checks, whether payroll checks for U.S. citizens working in China, or for export related payments to international destinations. ADVANCED FOREX BY CASH NOW Advanced Forex by Cash Now is an introductory broker providing 24 hour access to a sophisticated trading platform, directly linked to the Interbank clearing systems, for active day traders. Heading the division is Peter Presland based at the Company's Florida office. The Foreign Exchange market, also referred to as the "Forex" or "FX" market is the largest financial market in the world, with a daily average turnover of US$1.9 trillion - 30 times larger than the combined volume of all U.S. equity markets. "Foreign Exchange" is the simultaneous buying of one currency and selling of another. Currencies are traded in pairs, for example Euro/US Dollar (EUR/USD) or US Dollar/Japanese Yen (USD/JPY). Industry estimates suggest that a full 95% of trading is speculative, and not tied to international trade. Advanced Forex works on a revenue sharing agreement with Advanced Markets. Traffic to the trading site will be driven by Cash Now which has a proven track record in this regard and create a client base of active traders. In addition, the large number of day traders who have been following developments in this area will now have access to the service. The Company has plans to switch to a new service provider and begin to diversify its Forex related services to include advanced charting and trading analysis software, as well as introducing managed trading and other value-added services in the upcoming quarters. LEADERSHIP Dongmei Jia, Chairman and CEO GOOD LIFE CHINA DIVISION Wenpeng GUI, Vice President, E-Commerce Baoxin Yang, Vice President, Logistics Guoying Zhang, CFO Ming Zen, CTO NORTH AMERICAN DIVISION Peter Presland, COO, Forex Trading Division Garr Winters, Secretary Peter Tate, Sr Vp, Money Lending Business Division Ron Mcari, Network Operations, Web Development |
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Update 07/17:
July 16, 2008 | GOOD LIFE CHINA CORP ( GLCC ) Good Life China Corp. is a diversified international company active in North America and China. China based operations represent the lion's share of revenue and profit, centered around a large and rapidly growing chain of convenience stores serving rural markets. | | Recent Price | $.08 | | Market Capitalization | $1.84M | | Est Float | 42.4M | | Outstanding Shares | 168M | | Exchange | OTC.PK | Good Life China Corp. Good Life 1 Yonge Street Suite 1801 Toronto, Ontario M5E 1W7 Canada Phone: 800-365-4331 Fax: 866-455-6270 http://www.goodlifechina.com | - Good Life China has enjoyed meteoric growth rates over the last 10 years,growing from a mere 8 stores in 1999 to almost 1,800 in 2007 becoming the largest chain store network of convenience stores. 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.
- The Company has enjoyed meteoric growth rates over the last 10 years, growing from a mere 8 stores in 1999 to almost 1,800 in 2007, becoming the largest chain store network of convenience stores serving more than 2.4 million people in the rural areas of China.
- Net Profit is currently projected to exceed the fiscal plan of $2.29M million USD for the 2007 fiscal year by a significant margin, and increase to over $25 million USD by 2011.
| | Good Life China (GLCC) Completes Deal With ABC China Bank Good Life China recently announced thecompletion of the strategic partnership with Hebei branch of Agricultural Bank of China (ABC). The two parties will cooperate in e-business vista balance, Payday Loan for members, self-support circulation loan, and issue ABC-Goodlife member card. Good Life China has been approached for similar type of relationships with other financial banking institutions in China, and is currently working with the agent for Industrial Commercial Bank of China for a similar type of an arrangement. | Good Life China (GLCC) Goes to the Beach with USA Olympian Elaine Youngs Olympic beach volleyball bronze medalist and 2008 US Olympic hopeful Elaine 'EY' Youngs recently announced a new endorsement agreement with Good Life China Corporation. Youngs, a long time star of the professional beach volleyball circuit, is a 2004 Olympic bronze medalist who remains one of the top ranked players in the world. She and playing partner Nicole Branagh are considered serious medal contenders for the upcoming 2008 Olympic Games. "I'm particularly flattered to work with Haorizi and Good Life China," said Youngs. | | Good Life China Corp. (OTC.PK: GLCC) Chinese Operations Good Life Group Limited was incorporated in 1998, by founder Ms. Dongmei JIA, in conjunction with Hebei Province Supply and Market Association and other private investors, with contributed capital over $8 million USD. Established to develop convenience stores in rural areas within Hebei Province, the Company has been extremely successful. It has grown from a handful of stores to the largest chain of convenience stores with roughly 1,600 retail outlets serving more than 2.4 million people under the Haorizi retail banner in Hebei. The current run rate of gross sales generated within by the chain is over 800 RMB, or $107 million USD. The Company's five year plan is to reach gross sales 30 billion RMB, valued at just over $4 billion USD. This would see the chain grow to 20,000 retail locations, with roughly 20 logistics centers supporting these stores. The Company has met with great success serving the rural areas of Hebei Province, (population of 66 million). It is well-positioned to expand services from a simple retail model to a multi-service franchise system that delivers financial services to meet the specific needs of local farmers. As it does so, it will begin expanding geographically into key neighboring markets and targeted urban centers: - Beijing (Second largest and capital city of PRC. Population 15 million)
- Tianjin (Urban area is the third largest in China, after Shanghai and Beijing. Population: 10.4 million)
- Shandong Province (Population: 92 million)
- Henan Province (Population: 97 million)
- Shanxi Province (Population: 32 million)
- Jiangsu Province (Population: 70 million)
RETAIL STORES >From corporate stores to franchise model: As the Company has continued to grow, it has developed expertise in logistics, and has refocused corporate efforts to concentrate on the efficiencies generated through advanced, web-enabled systems and on the supply side as well as the retail distribution processes. In 2007, the Company moved forward from a corporate owned retail store strategy to a franchise system. All 1,600 stores have been converted to franchises, and are now operated by franchisees. Aggressive expansion of the retail footprint will be made on this basis. The franchise approach works incredibly efficiently. The Company has developed advanced logistics and efficient stock inventory, sales reporting and back end corporate software solutions, adopting many best practices used by major retailers in the Western world. The rate at which the Company can establish new retail locations is astonishing. Standard store sizes are 100 sq. meters per location. Retail outlets are based on a standardized format for the Haorizi convenience store banner. Store fixtures, computer systems, signage and stocking is achieved in a matter of days, rather than months. The chain will open nearly 600 new stores this year, and plans call for an accelerated pace for the next five years that is staggering; reaching 2,200 locations by the end of 2008. North American Operations North American operations will operate on an autonomous basis going forward. Management anticipates significant growth in top-line revenue going in to 2008, as new operations such as Check 21 services and Forex Trading begin to ramp up marketing and sales. The Company has established strong branding under the Cash Now banner, and has a large network of websites under this and other names generating traffic for it's web-enabled services. In 2007, the Company began a diversification program to leverage its core competencies into new markets. Efforts have been focused on Internet delivered financial services to a consumer market. Key attributes for this diversification in business opportunities that have the following attributes: - Consumer facing
- Financial Services related
- Internet delivered
SMALL LOAN LENDING The Company is a pioneer in the payday loan industry, and continues to develop the most comprehensive menu of services in the cash advance industry. Operations include licensing of a comprehensive suite of Internet-based payday loan and check cashing software and private label back end office systems for the sub prime market. The company's proven business model comprises operations in the U.S., Australian and Canadian markets. Goodlife offers complete turnkey solutions for Internet delivered payday loans. The Company's products are licensed to third parties as standalone businesses. Revenue is derived from the initial purchase of the software, and monthly administrative fees, creating an ongoing revenue stream. These fees are not royalties, and allow licensees to pursue aggressive growth without being weighed down by service fees that eat into their margins. PAYDAY EXPRESS The perfect solution for a home based Internet payday loan business without the expense of operating a retail storefront. PAYDAY EXPRESS offers powerful and robust functionality and features, such as reporting, exporting data, Trust Vault integration, electronic funds transfer (EFT) capabilities and a Credit Bureau interface feature. CHECK EXPRESS This product builds on the feature set of the Payday Express, but also includes the full functionality of Cash Now's booking engine, which provides the Company's proprietary credit evaluation software and services. It is designed to service payday loans as well as offering check cashing services. THE TRUST VAULT Goodlife's proprietary Trust Vault provides a secure online environment in which sensitive financial information and transaction data can be held in a secure manner. Loan processing and consumer information is provided and transacted within this secure vault. It is designed to be very consumer friendly and extremely simple to use. "Check 21" (Check Clearing for the 21st Century Act) is a U.S. federal law that became effective on October 28, 2004. It is designed to enable banks to handle more checks electronically, which should make check processing faster and more efficient. Under Check 21, banks can capture a picture of the front and back of the check along with the associated payment information and transmit this information electronically . The international check clearing market represents huge potential for growth. While Check 21 is being increasingly adopted in the United States, it is quite a new concept internationally. Checks drawn on a U.S. Account, for deposit in international markets often take 30-45 days to clear, and sometimes even longer. Cash Now 21 reduces the clearance time to a mere 3 business days or less. For foreign markets such as Asia and South America that have significant funds flow back and forth from the U.S., this becomes an invaluable asset. We are intent on being first to market with as non-financial institution to offer this service. Initial rollout of services is slated for the Chinese markets. There is very significant latent demand for this service and we have received an overwhelming response from preliminary discussions with Chinese banks for our service. Most Chinese banks handle significant numbers of U.S. denominated checks, whether payroll checks for U.S. citizens working in China, or for export related payments to international destinations. ADVANCED FOREX BY CASH NOW Advanced Forex by Cash Now is an introductory broker providing 24 hour access to a sophisticated trading platform, directly linked to the Interbank clearing systems, for active day traders. Heading the division is Peter Presland based at the Company's Florida office. The Foreign Exchange market, also referred to as the "Forex" or "FX" market is the largest financial market in the world, with a daily average turnover of US$1.9 trillion - 30 times larger than the combined volume of all U.S. equity markets. "Foreign Exchange" is the simultaneous buying of one currency and selling of another. Currencies are traded in pairs, for example Euro/US Dollar (EUR/USD) or US Dollar/Japanese Yen (USD/JPY). Industry estimates suggest that a full 95% of trading is speculative, and not tied to international trade. Advanced Forex works on a revenue sharing agreement with Advanced Markets. Traffic to the trading site will be driven by Cash Now which has a proven track record in this regard and create a client base of active traders. In addition, the large number of day traders who have been following developments in this area will now have access to the service. The Company has plans to switch to a new service provider and begin to diversify its Forex related services to include advanced charting and trading analysis software, as well as introducing managed trading and other value-added services in the upcoming quarters. LEADERSHIP Dongmei Jia, Chairman and CEO GOOD LIFE CHINA DIVISION Wenpeng GUI, Vice President, E-Commerce Baoxin Yang, Vice President, Logistics Guoying Zhang, CFO Ming Zen, CTO NORTH AMERICAN DIVISION Peter Presland, COO, Forex Trading Division Garr Winters, Secretary Peter Tate, Sr Vp, Money Lending Business Division Ron Mcari, Network Operations, Web Development |
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Update 07/31:
July 30, 2008 | Good Life China (GLCC) Completes Agreement With China's Largest Small Ware | BEIJING, July 30 /PRNewswire-FirstCall/ - www.goodlifechina.com Pink Sheets GLCC - The company is pleased to announce that it has reached a marketing agreement with Zhuang International Small Fair Company. Good Life will be offering a variety of services and products through this business arrangement including outsourcing its IT services. The company will make further announcements on this shortly. Zheng International operates small fairs and the largest modern small ware wholesale market in North China. It covers the area of 80,000 square meters. The total building area is 200,000 square meters with two walking streets. The general investment is RMB 560,000,000, with 5,000 business stands, covering more than 17 formats like clothing, handicraft articles, sporting goods and similar. In other corporate updates, GLCC has appointed a new investor relations company, Bayley Associates, in Nevada, USA. The common shares of the issuer are currently dually 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 corporate@goodlifechina.com 1-702-508-4172 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. CONTACT: corporate@goodlifechina.com , (702) 508-4172 Source: Good Life China Corporation | GOOD LIFE CHINA CORP ( GLCC ) Good Life China Corp. is a diversified international company active in North America and China. China based operations represent the lion's share of revenue and profit, centered around a large and rapidly growing chain of convenience stores serving rural markets. | | Recent Price | $.01 | | Market Capitalization | $1.68M | | Est Float | 42.4M | | Outstanding Shares | 168M | | Exchange | OTC.PK | Good Life China Corp. Good Life 1 Yonge Street Suite 1801 Toronto, Ontario M5E 1W7 Canada Phone: 800-365-4331 Fax: 866-455-6270 http://www.goodlifechina.com | - Good Life China has enjoyed meteoric growth rates over the last 10 years,growing from a mere 8 stores in 1999 to almost 1,800 in 2007 becoming the largest chain store network of convenience stores. 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.
- The Company has enjoyed meteoric growth rates over the last 10 years, growing from a mere 8 stores in 1999 to almost 1,800 in 2007, becoming the largest chain store network of convenience stores serving more than 2.4 million people in the rural areas of China.
- Net Profit is currently projected to exceed the fiscal plan of $2.29M million USD for the 2007 fiscal year by a significant margin, and increase to over $25 million USD by 2011.
| | Good Life China (GLCC) Completes Deal With ABC China Bank Good Life China recently announced thecompletion of the strategic partnership with Hebei branch of Agricultural Bank of China (ABC). The two parties will cooperate in e-business vista balance, Payday Loan for members, self-support circulation loan, and issue ABC-Goodlife member card. Good Life China has been approached for similar type of relationships with other financial banking institutions in China, and is currently working with the agent for Industrial Commercial Bank of China for a similar type of an arrangement. | Good Life China (GLCC) Goes to the Beach with USA Olympian Elaine Youngs Olympic beach volleyball bronze medalist and 2008 US Olympic hopeful Elaine 'EY' Youngs recently announced a new endorsement agreement with Good Life China Corporation. Youngs, a long time star of the professional beach volleyball circuit, is a 2004 Olympic bronze medalist who remains one of the top ranked players in the world. She and playing partner Nicole Branagh are considered serious medal contenders for the upcoming 2008 Olympic Games. “I'm particularly flattered to work with Haorizi and Good Life China,” said Youngs. | | Good Life China Corp. (OTC.PK: GLCC) Chinese Operations Good Life Group Limited was incorporated in 1998, by founder Ms. Dongmei JIA, in conjunction with Hebei Province Supply and Market Association and other private investors, with contributed capital over $8 million USD. Established to develop convenience stores in rural areas within Hebei Province, the Company has been extremely successful. It has grown from a handful of stores to the largest chain of convenience stores with roughly 1,600 retail outlets serving more than 2.4 million people under the Haorizi retail banner in Hebei. The current run rate of gross sales generated within by the chain is over 800 RMB, or $107 million USD. The Company's five year plan is to reach gross sales 30 billion RMB, valued at just over $4 billion USD. This would see the chain grow to 20,000 retail locations, with roughly 20 logistics centers supporting these stores. The Company has met with great success serving the rural areas of Hebei Province, (population of 66 million). It is well-positioned to expand services from a simple retail model to a multi-service franchise system that delivers financial services to meet the specific needs of local farmers. As it does so, it will begin expanding geographically into key neighboring markets and targeted urban centers: - Beijing (Second largest and capital city of PRC. Population 15 million)
- Tianjin (Urban area is the third largest in China, after Shanghai and Beijing. Population: 10.4 million)
- Shandong Province (Population: 92 million)
- Henan Province (Population: 97 million)
- Shanxi Province (Population: 32 million)
- Jiangsu Province (Population: 70 million)
RETAIL STORES >From corporate stores to franchise model: As the Company has continued to grow, it has developed expertise in logistics, and has refocused corporate efforts to concentrate on the efficiencies generated through advanced, web-enabled systems and on the supply side as well as the retail distribution processes. In 2007, the Company moved forward from a corporate owned retail store strategy to a franchise system. All 1,600 stores have been converted to franchises, and are now operated by franchisees. Aggressive expansion of the retail footprint will be made on this basis. The franchise approach works incredibly efficiently. The Company has developed advanced logistics and efficient stock inventory, sales reporting and back end corporate software solutions, adopting many best practices used by major retailers in the Western world. The rate at which the Company can establish new retail locations is astonishing. Standard store sizes are 100 sq. meters per location. Retail outlets are based on a standardized format for the Haorizi convenience store banner. Store fixtures, computer systems, signage and stocking is achieved in a matter of days, rather than months. The chain will open nearly 600 new stores this year, and plans call for an accelerated pace for the next five years that is staggering; reaching 2,200 locations by the end of 2008. North American Operations North American operations will operate on an autonomous basis going forward. Management anticipates significant growth in top-line revenue going in to 2008, as new operations such as Check 21 services and Forex Trading begin to ramp up marketing and sales. The Company has established strong branding under the Cash Now banner, and has a large network of websites under this and other names generating traffic for it's web-enabled services. In 2007, the Company began a diversification program to leverage its core competencies into new markets. Efforts have been focused on Internet delivered financial services to a consumer market. Key attributes for this diversification in business opportunities that have the following attributes: - Consumer facing
- Financial Services related
- Internet delivered
SMALL LOAN LENDING The Company is a pioneer in the payday loan industry, and continues to develop the most comprehensive menu of services in the cash advance industry. Operations include licensing of a comprehensive suite of Internet-based payday loan and check cashing software and private label back end office systems for the sub prime market. The company's proven business model comprises operations in the U.S., Australian and Canadian markets. Goodlife offers complete turnkey solutions for Internet delivered payday loans. The Company's products are licensed to third parties as standalone businesses. Revenue is derived from the initial purchase of the software, and monthly administrative fees, creating an ongoing revenue stream. These fees are not royalties, and allow licensees to pursue aggressive growth without being weighed down by service fees that eat into their margins. PAYDAY EXPRESS The perfect solution for a home based Internet payday loan business without the expense of operating a retail storefront. PAYDAY EXPRESS offers powerful and robust functionality and features, such as reporting, exporting data, Trust Vault integration, electronic funds transfer (EFT) capabilities and a Credit Bureau interface feature. CHECK EXPRESS This product builds on the feature set of the Payday Express, but also includes the full functionality of Cash Now's booking engine, which provides the Company's proprietary credit evaluation software and services. It is designed to service payday loans as well as offering check cashing services. THE TRUST VAULT Goodlife's proprietary Trust Vault provides a secure online environment in which sensitive financial information and transaction data can be held in a secure manner. Loan processing and consumer information is provided and transacted within this secure vault. It is designed to be very consumer friendly and extremely simple to use. "Check 21" (Check Clearing for the 21st Century Act) is a U.S. federal law that became effective on October 28, 2004. It is designed to enable banks to handle more checks electronically, which should make check processing faster and more efficient. Under Check 21, banks can capture a picture of the front and back of the check along with the associated payment information and transmit this information electronically . The international check clearing market represents huge potential for growth. While Check 21 is being increasingly adopted in the United States, it is quite a new concept internationally. Checks drawn on a U.S. Account, for deposit in international markets often take 30-45 days to clear, and sometimes even longer. Cash Now 21 reduces the clearance time to a mere 3 business days or less. For foreign markets such as Asia and South America that have significant funds flow back and forth from the U.S., this becomes an invaluable asset. We are intent on being first to market with as non-financial institution to offer this service. Initial rollout of services is slated for the Chinese markets. There is very significant latent demand for this service and we have received an overwhelming response from preliminary discussions with Chinese banks for our service. Most Chinese banks handle significant numbers of U.S. denominated checks, whether payroll checks for U.S. citizens working in China, or for export related payments to international destinations. ADVANCED FOREX BY CASH NOW Advanced Forex by Cash Now is an introductory broker providing 24 hour access to a sophisticated trading platform, directly linked to the Interbank clearing systems, for active day traders. Heading the division is Peter Presland based at the Company's Florida office. The Foreign Exchange market, also referred to as the "Forex" or "FX" market is the largest financial market in the world, with a daily average turnover of US$1.9 trillion - 30 times larger than the combined volume of all U.S. equity markets. "Foreign Exchange" is the simultaneous buying of one currency and selling of another. Currencies are traded in pairs, for example Euro/US Dollar (EUR/USD) or US Dollar/Japanese Yen (USD/JPY). Industry estimates suggest that a full 95% of trading is speculative, and not tied to international trade. Advanced Forex works on a revenue sharing agreement with Advanced Markets. Traffic to the trading site will be driven by Cash Now which has a proven track record in this regard and create a client base of active traders. In addition, the large number of day traders who have been following developments in this area will now have access to the service. The Company has plans to switch to a new service provider and begin to diversify its Forex related services to include advanced charting and trading analysis software, as well as introducing managed trading and other value-added services in the upcoming quarters. LEADERSHIP Dongmei Jia, Chairman and CEO GOOD LIFE CHINA DIVISION Wenpeng GUI, Vice President, E-Commerce Baoxin Yang, Vice President, Logistics Guoying Zhang, CFO Ming Zen, CTO NORTH AMERICAN DIVISION Peter Presland, COO, Forex Trading Division Garr Winters, Secretary Peter Tate, Sr Vp, Money Lending Business Division Ron Mcari, Network Operations, Web Development |
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Update 10/01:
Issue# 984 | October 1, 2008 | | Good Life China Corp Completes Deal With Coco Cola Drink Co | BEIJING, Sept. 30 /PRNewswire-FirstCall/ - http://www.goodlifechina.com (Pink Sheets: GLCC - News) the issuer is pleased to announce that it has completed its transaction with Beijing Coco Cola Drink Co, Ltd. The agreement will allow the issuers operating subsidiary Huozhan Trade Inc (Huozhan) www.huozhan.com to carry 36 different products of Coco Cola. These products are available for viewing on the Huozhan web site. The issuer is pleased to announce that the revenue already stared to be generated by this contract is RMB 200,000 Yuan (About $ 28,500.00 USD) on a weekly basis. This news release is one of many follow up elaborations, as promised by the issuer on details which stem from the original CEO Message of released on Sept. 29, 2008 by Ms. Dongmei Jia. The issuer will shortly be updating its investors relations web site www.goodlifechina.com with content from www.huozhan.com in English well ahead of the upcoming TV campaign scheduled to run nationally in USA. 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 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. 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. CONTACT: corporate@goodlifechina.com
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Update 02/13:
Issue# 1188 | February 12, 2009 | | New Updated Featured Report on OTCReporter.com GLCC | | GOOD LIFE CHINA CORP ( GLCC ) Good Life China Corp. is a diversified international company active in North America and China. China based operations represent the lion's share of revenue and profit, centered around a large and rapidly growing chain of convenience stores serving rural markets. | | Recent Price | $.0004 | | Market Capitalization | $560K | | Est Float | 365M | | Outstanding Shares | 1.4B | | Exchange | OTC.PK | Good Life China Corp. Good Life 1 Yonge Street Suite 1801 Toronto, Ontario M5E 1W7 Canada Phone: 800-365-4331 Fax: 866-455-6270 http://www.goodlifechina.com | · Good Life China has enjoyed meteoric growth rates over the last 10 years,growing from a mere 8 stores in 1999 to almost 1,800 in 2007 becoming the largest chain store network of convenience stores. 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. · Net Profit is currently projected to exceed the fiscal plan of $2.29M million USD for the 2007 fiscal year by a significant margin, and increase to over $25 million USD by 2011. Similar Companies in Sector Starbucks Coffee produces and sells a range of ready-to-drink beverages. The business segments of the Company are United States, International and Global Consumer Products Group (CPG). The United States and International segments include Company-operated retail stores and certain components of specialty operations. (NASD: SBUX) Recent Price $20 Einstein Noah Restaurant Group, Inc., commenced operations as an operator and franchisor of coffee cafes in 1993, is an owner/operator, franchisor and licensor of bagel specialty restaurants in the United States. As of January 2, 2008, the Company has 612 restaurants in 35 states plus the District of Columbia primarily under the Einstein Bros. Bagels (Einstein Bros.), Noah's New York Bagels (Noah's) and Manhattan Bagel Company (Manhattan Bagel) brands. (NASD:BAGL) Recent Price $6.60 | | Shuanghui Group Signs Up With Good Life China Corporation GLCC) is pleased to announce that the Shuanghui Group has become a supply side member of Good Life's online trading platform, and will be using Good Life's warehousing and shipping services to cover the Shijiazhuang region. The Shuanghui Group (Shuanghui) is a large meat processing company with annual sales of over 20 billion RMB (approximately $3 billion USD), and modern meat processing facilities serving more than 200 sales branches in 31 municipalities, provinces and autonomous regions all over China | Good Life China Extends Financial Services to Rural China Good Life China Corporation has entered into strategic partnership with both the Cangzhou Ciji Microfinance Company and Shijiazhuang Rural Credit Cooperative. Good Life is taking a major step forward in expanding the portfolio of services offered to both consumers and suppliers and significantly enhancing the power and capabilities of its www.huozhan.com online trading and distribution platform for retail and supplier members. | | Good Life China Corp. (OTC.PK: GLCC) Chinese Operations Good Life Group Limited was incorporated in 1998, by founder Ms. Dongmei JIA, in conjunction with Hebei Province Supply and Market Association and other private investors, with contributed capital over $8 million USD. Established to develop convenience stores in rural areas within Hebei Province, the Company has been extremely successful. It has grown from a handful of stores to the largest chain of convenience stores with roughly 1,600 retail outlets serving more than 2.4 million people under the Haorizi retail banner in Hebei. The current run rate of gross sales generated within by the chain is over 800 RMB, or $107 million USD. The Company's five year plan is to reach gross sales 30 billion RMB, valued at just over $4 billion USD. This would see the chain grow to 20,000 retail locations, with roughly 20 logistics centers supporting these stores. The Company has met with great success serving the rural areas of Hebei Province, (population of 66 million). It is well-positioned to expand services from a simple retail model to a multi-service franchise system that delivers financial services to meet the specific needs of local farmers. As it does so, it will begin expanding geographically into key neighboring markets and targeted urban centers: - Beijing (Second largest and capital city of PRC. Population 15 million)
- Tianjin (Urban area is the third largest in China, after Shanghai and Beijing. Population: 10.4 million)
- Shandong Province (Population: 92 million)
- Henan Province (Population: 97 million)
- Shanxi Province (Population: 32 million)
- Jiangsu Province (Population: 70 million)
RETAIL STORES >From corporate stores to franchise model: As the Company has continued to grow, it has developed expertise in logistics, and has refocused corporate efforts to concentrate on the efficiencies generated through advanced, web-enabled systems and on the supply side as well as the retail distribution processes. In 2007, the Company moved forward from a corporate owned retail store strategy to a franchise system. All 1,600 stores have been converted to franchises, and are now operated by franchisees. Aggressive expansion of the retail footprint will be made on this basis. The franchise approach works incredibly efficiently. The Company has developed advanced logistics and efficient stock inventory, sales reporting and back end corporate software solutions, adopting many best practices used by major retailers in the Western world. The rate at which the Company can establish new retail locations is astonishing. Standard store sizes are 100 sq. meters per location. Retail outlets are based on a standardized format for the Haorizi convenience store banner. Store fixtures, computer systems, signage and stocking is achieved in a matter of days, rather than months. The chain will open nearly 600 new stores this year, and plans call for an accelerated pace for the next five years that is staggering; reaching 2,200 locations by the end of 2008. North American Operations North American Operations North American operations will operate on an autonomous basis going forward. Management anticipates significant growth in top-line revenue going in to 2008, as new operations such as Check 21 services and Forex Trading begin to ramp up marketing and sales. The Company has established strong branding under the Cash Now banner, and has a large network of websites under this and other names generating traffic for it's web-enabled services. In 2007, the Company began a diversification program to leverage its core competencies into new markets. Efforts have been focused on Internet delivered financial services to a consumer market. Key attributes for this diversification in business opportunities that have the following attributes: - Consumer facing
- Financial Services related
- Internet delivered
SMALL LOAN LENDING The Company is a pioneer in the payday loan industry, and continues to develop the most comprehensive menu of services in the cash advance industry. Operations include licensing of a comprehensive suite of Internet-based payday loan and check cashing software and private label back end office systems for the sub prime market. The company's proven business model comprises operations in the U.S., Australian and Canadian markets. Goodlife offers complete turnkey solutions for Internet delivered payday loans. The Company's products are licensed to third parties as standalone businesses. Revenue is derived from the initial purchase of the software, and monthly administrative fees, creating an ongoing revenue stream. These fees are not royalties, and allow licensees to pursue aggressive growth without being weighed down by service fees that eat into their margins. PAYDAY EXPRESS The perfect solution for a home based Internet payday loan business without the expense of operating a retail storefront. PAYDAY EXPRESS offers powerful and robust functionality and features, such as reporting, exporting data, Trust Vault integration, electronic funds transfer (EFT) capabilities and a Credit Bureau interface feature. CHECK EXPRESS This product builds on the feature set of the Payday Express, but also includes the full functionality of Cash Now's booking engine, which provides the Company's proprietary credit evaluation software and services. It is designed to service payday loans as well as offering check cashing services. THE TRUST VAULT Goodlife's proprietary Trust Vault provides a secure online environment in which sensitive financial information and transaction data can be held in a secure manner. Loan processing and consumer information is provided and transacted within this secure vault. It is designed to be very consumer friendly and extremely simple to use. "Check 21" (Check Clearing for the 21st Century Act) is a U.S. federal law that became effective on October 28, 2004. It is designed to enable banks to handle more checks electronically, which should make check processing faster and more efficient. Under Check 21, banks can capture a picture of the front and back of the check along with the associated payment information and transmit this information electronically . The international check clearing market represents huge potential for growth. While Check 21 is being increasingly adopted in the United States, it is quite a new concept internationally. Checks drawn on a U.S. Account, for deposit in international markets often take 30-45 days to clear, and sometimes even longer. Cash Now 21 reduces the clearance time to a mere 3 business days or less. For foreign markets such as Asia and South America that have significant funds flow back and forth from the U.S., this becomes an invaluable asset. We are intent on being first to market with as non-financial institution to offer this service. Initial rollout of services is slated for the Chinese markets. There is very significant latent demand for this service and we have received an overwhelming response from preliminary discussions with Chinese banks for our service. Most Chinese banks handle significant numbers of U.S. denominated checks, whether payroll checks for U.S. citizens working in China, or for export related payments to international destinations. ADVANCED FOREX BY CASH NOW Advanced Forex by Cash Now is an introductory broker providing 24 hour access to a sophisticated trading platform, directly linked to the Interbank clearing systems, for active day traders. Heading the division is Peter Presland based at the Company's Florida office. The Foreign Exchange market, also referred to as the "Forex" or "FX" market is the largest financial market in the world, with a daily average turnover of US$1.9 trillion - 30 times larger than the combined volume of all U.S. equity markets. "Foreign Exchange" is the simultaneous buying of one currency and selling of another. Currencies are traded in pairs, for example Euro/US Dollar (EUR/USD) or US Dollar/Japanese Yen (USD/JPY). Industry estimates suggest that a full 95% of trading is speculative, and not tied to international trade. Advanced Forex works on a revenue sharing agreement with Advanced Markets. Traffic to the trading site will be driven by Cash Now which has a proven track record in this regard and create a client base of active traders. In addition, the large number of day traders who have been following developments in this area will now have access to the service. The Company has plans to switch to a new service provider and begin to diversify its Forex related services to include advanced charting and trading analysis software, as well as introducing managed trading and other value-added services in the upcoming quarters. LEADERSHIP Chairman & CEO: Dongmei Jia - 2007 - Chairman & CEO Good Life
- 2006 - Present : President of Good Life Group Ltd.
- 2002 - 2003: MBA of Tsinghua University
- 1998 - 2006: Founder/ CEO/ Chairman of Hebei Cang Zhou Good Life Supermarket Ltd.
- 1988 - 1998: Founder/General Manager of Feitian Decoration Ltd.
GOOD LIFE CHINA DIVISION Vice President, E-Commerce Wenpeng GUI - 2005 - Present: Vice President/E-commerce Manager of Hebei Good Life Business Ltd.
- 2001 - 2005: COO of Beijing Jun He Online Technology Ltd.
- 1998 - 2000: Operation Manager of Beijing Zhong Gong Information Technology Ltd.
- 1997 - 1998: Development Manager of Hua Cheng, Branch of The People's Bank of China
Vice President, Logistics Baoxin Yang - 2007 - Present: Vice President /Logistics manager of Good Life Group. Ltd
- 1981 - 2007: Vice President /Purchasing manager of Beijing Chaoshifa Co.Ltd
- 1976 - 1980: Serve in the army
CFO Guoying Zhang - 2006 - present: CFO of Good Life Group. Ltd
- 2002 - 2006: Manager of Hebei Hongxiang Certified Public Accountants Co. Ltd
- 2002 - 1994: Cost manager of Shijiazhuang Interlining Factory
CTO Ming Zen - Ph.D.&M.S. in computer Sciences, Beijing Univ.; B.S. in Computer Sciences, Zhejiang Univ.
- 2001 - Present: CTO of Good Life Group. Ltd
- 2000 - 2001 Established internet construction materials purchasing platform
COO, Forex Trading Division Peter Presland Peter Presland has a long and proven track record in developing companies from start-up to financial success. He has over 35 years experience, covering the entire gamut of sales and marketing to managing his own business enterprises. Peter brings extensive knowledge of various core business practices. Over the past several years he has focused on Forex trading to develop and establish key trading skills and strategies. He will be an asset in furthering the Company's success story. Peter has a degree in Business Administration from London, England. He immigrated to the United States of America in 1969. Garr Winters, SECRETARY Garr has more than 30 years experience with bottom-line responsibility situations, starting out as a remarkably successful operator at Expo 67. In his long, successful career, Garr served as a CEO to a sub prime penny stock company and sits as a board member and advisor to many other small cap and micro cap companies. Garr has been instrumental in bringing various International deals to a fruition to the companies where he sits as a board member and most notably from Asian companies looking to enter USA markets. In his career Garr has also built a domestic manufacturing and import travel ware group, and took a leadership role in international satellite sales & marketing. He also developed adult vocational training programs with the Ontario and Canadian governments. Garr thrives on being where the action is. His worldwide travels and knowledge of many industries have created a network of associates, putting him in a strong position to make things happen and successfully complete any task Sr Vp, Money Lending Business Division Peter Tate Peter Tate has superior customer contact experience, with preference for business to business sales. He has experience in the advertising marketing industries for the past 25 years. Peter possesses strong relationship building skills and entrepreneurial drive. With exceptional presentation and communication skills, the ability to organize, plan, report effectively, and master all aspects of company solutions and products, Peter has become a great asset to the organization. Peter brings extensive knowledge of various core business practices to Good Life. Network Operations, Web Development Ron Mcari Ron has over 20 years of experience in the computing field including extensive industry and academic experience. He has earned a BCOM from Ryerson University and has various diplomas from business and E-Commerce. He has delivered professional business solutions in mission critical applications and backend data management. Ron is responsible for the entire Technical Department and is deeply involved in the maintenance and management of the entire IT structure for the Good Life group of companies. | - Good Life China Corporation (GLCC) 2008 Preliminary Financial Performance $580 million Gross Retail Sales
February 12, 2009 - New Updated Featured Report on OTCReporter.com GLCC
February 12, 2009 - Good Life China (GLCC) Extends Financial Services to Rural China
Janaury 30, 2009 - Good Life China (GLCC) Featured on Chinese National Television
January 27, 2009 - Ministry of Commerce Meets With Good Life China (GLCC)
January 22, 2009 - Good Life China (GLCC) Targets the Baked Goods Industry
January 14, 2009 - Volume Alert on GLCC and Percentage Gain HUGE!
January 9, 2009 - Good Life China (GLCC) Year End Revenues Up 400%
January 9, 2008 - Good Life China Corporation (GLCC) $ 1.3 Million Shareholders Distribution
January 5, 2008 - Good Life China Corporation (GLCC) Logistics Candidate Update
January 2, 2008
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GLCC:
This call was made
on 07/14/08
@ $0.011
| Rating: |
$0.011 (07/14/08)
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| Gain/Loss: |
n/a
in
1413 days
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