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Good Life China Corp (GLCC) Narrows Targeted Merger Candidate To Organic Agricultural Industry

Tue. November 03, 2009; Posted: 08:45 AM
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Look up the PowerRating of GLCC and see how it has performed over the past week as well as the current proprietary PowerRating.

BEIJING, Nov 03, 2009 /PRNewswire-FirstCall via COMTEX/ -- GLCC | Quote | Chart | News | PowerRating -- Good Life China Corp. (GLCC; www.goodlifechina.com) has targeted a Chinese agricultural company for a merger. GLCC sees great opportunity in this merger as discussions continue to progress.

The newly targeted company has a great potential for GLCC's infrastructure and distribution expansion. This company operates substantial agricultural assets in rural China and produces various commodities for Chinese growing market. GLCC management foresees the merger as a great opportunity to raise value of GLCC's distribution and boost GLCC's production sector. GLCC operating subsidiaries Haorizi and Miluga already operate a well-developed distribution network, and the company would benefit greatly from a merger with this agricultural giant. Detailed talks about the possibility of further expansions are well underway.

All details of the proceedings will be reported, and documentation that might be of interest to public will be filed on Pink Sheets.

In Other company news, Garr Winters who has been instrumental in this possible merger has resigned as a Secretary of Good Life China Corp. GLCC values Mr. Winters' experience he had brought to the company. The news about his successor will also be announced on Pink Sheets shortly.

To receive future updates, via email including quarterly newsletters and company updates which may not be newsworthy however important to the reader and followers of the company please sign up today free at www.minamargroup.com/updates

Safe Harbor Statement

Information in this news release may contain statements about future expectations, plans, prospects or performance of Good Life China Corp. that constitute forward-looking statements for purposes of the Safe Harbor Provisions 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. Good Life China Corp. cautions you that any forward-looking information provided by or on behalf of Good Life China Corp. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Good Life China Corp.'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 Corp.'s control. In addition to those discussed in Good Life China Corp.'s press releases, public filings, and statements by Good Life China Corp.'s management, including, but not limited to, Good Life China Corp.'s estimate of the sufficiency of its existing capital resources, Good Life China Corp.'s ability to raise additional capital to fund future operations, Good Life China Corp.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Good Life China Corp.'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 Corp. 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.

CONTACT: For any investor relations matters, please contact www.minamargroup.net/helpdesk; Investor Relations Department Inquiry, www.minamargroup.net (IR); For (M&A) and Corporate Matters, www.minamargroup.com

SOURCE Good Life China Corporation

 
For full details for GLCC click here.

    


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