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This project has been in the works for some time now going back to our news release of May 12, 2009 to May 14th, 2009 where amongst other things the general manager of Miluga and other sales executives participated in the Shanghai Bakery Exhibition. The Shanghai New International Expo Center (SNIEC) is China's leading expo center, boasting state-of-the-art facilities. During the exhibition, the samples of Miluga products such as the Wife Cakes and Moon Cakes were displayed in all shapes, color, tastes and prices. The company was excited to see the high acceptance and appreciation by buyers and customers. The moon cake is the major cultural traditional food for the Mid-Autumn festival, one of the most important annual festivals for all Chinese people around the world. Moon cakes are one of the flagship food products of Miluga. Mr. Gary Wang, new spokesperson for Miluga, said, "Miluga generates significant revenue from moon cake sales during Mid-Autumn festival each year. The feedback during the exhibition was very positive. We clearly have the competitive advantage over our competitors' products."
In other company news, the company is in the process of merger discussions with several substantial China-based businesses and similar retailers. The company feels that this is a significant event that its followers should be made aware of ahead of the actual merger. Some of the targeted retailers have more significant operations in terms of assets, revenues and sheer size than both of the current operating subsidiaries combined; namely Hoarizi and Miluga. Preliminary discussions include vending out on cash and stock basis Hoarizi only. This new management decision stems from Hoarizi's inability to provide audited or auditable statements to meet GLCC's management's aspirations of becoming a reporting issuer and moving up to OTCBB. Miluga's status vis-a-vie auditable financial statements remains under review.
More updates will follow shortly.
Safe Harbor
Information in this release may contain statements about future expectations, plans, prospects or performance of Good Life China Corporation that constitute forward-looking statements for purposes of the safe harbor Provision's under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project," and similar words and phrases are intended to identify such forward-looking statements. GLCC Corporation cautions you that any forward-looking information provided by or on behalf of Good Life China Corporation is not a guarantee of future performance. None of the information in this release constitutes or is intended as an offer to sell securities or investment advice of any kind. Good Life China Corporation's actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Good Life China Corporation's control. In addition to those discussed in Good Life China Corporation's press releases, public filings, and statements by Good Life China Corporation's management, including, but not limited to, Good Life China Corporation's estimate of the sufficiency of its existing capital resources, Good Life China Corporation's ability to raise additional capital to fund future operations, GLCC Corporation's ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities and, in identifying contracts which match Good Life China Corporation's capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Good Life China Corporation does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Good Life China Corp.
CONTACT: Good Life China Corporation Miro Zecevic 647-504-6251 www.minamargroup.com/helpdesk
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