http://www.finanznachrichten.de/...008-operational-activities-008.htm
23.12.2008 15:09
Good Life China (GLCC) 2008 Operational Activities
BEIJING, Dec. 23 /PRNewswire-FirstCall/ -- Good Life China Corp. (News) (Good Life China, or the "Company") (GLCC) announced today that the Company completed its annual report for 2008. The following is a summary of operational activity
GLCC is a diversified international company active in China. The company focused large and rapidly growing chain of convenience stores serving rural markets.
Good Life's grew from 8 stores in 1999 to almost 2,200 in 2008, becoming the largest chain store network of convenience stores serving more than 2.4 million people in the rural areas of China. In mid 2008 the company changed its model from franchising to licensing.
Net Profit in 2008 exceeded the fiscal plan of $6.29M million USD for the 2008 fiscal year by a significant margin, and forecast to increase to over $25 million USD by 2011.
Also in 2008 Good Life benefitted from certain policy changes when the Central Government put forth policies that strengthened rural market system construction, establish and improve big market and big distribution. A major thrust to improve rural commodity circulation network, and the emphasis to push forward marketing to Thousands of Villages and Townships further improved policy support system. Creating new financing channel development with a Line of credit of 100 billion Yuan (about $14.6 billion USD) with a preferential rate were other big developments for 2008.
This last year also saw a major development in its E-Commerce sector which has a 10 year track record of gainful operating experience. With the companies E-service system which links purchasing and selling terminal network to cities and towns in a E-commerce platform, which can provide retailers and suppliers with one-station service. The benefits which are "zero-risk". Also, the system also enables outlet members to log in to http://www.huozhan.com/ and conveniently and efficiently to complete an online order and automatic replenishment without leaving outlets.
Throughout 2008 Good Life has monopolized the Chinese consumer markets in rural areas. No other company operation was able to provide full service to clients, especially those from rural areas. Haorizi Co., Ltd has a business of putting logistics, distribution, information and capital flow into a platform, meeting the clients' requirements from various aspects.
With continued support from the Chinese government as well as the Ministry of Commerce forecasters see 2009 as an even bigger fiscal success.
Throughout the year, Haorizi Co., Ltd warehouse network has maintained 3 branches and 3 distribution centers. These structures currently serve over 1,800 outlet members and 800 supplier members. In the next 5 years, Haorizi Co., Ltd plans to invest and set 20 logistic distribution centers in Beijing, Tianjin and Hebei and 20 braches (http://www.huozhan.com/) providing information and logistic distribution service for 30,000 outlet members and 6,000 supplier members, which expectedly brings the enterprise RMB 66.80 million yuan income from software licenses, annual income of RMB 1 billion yuan from logistics and annual income of RMB93.60 million yuan from information maintenance.
The management has set its sights on spinning out the logistics division (http://www.huozhan.com/) from GLCC into a separate publicly traded vehicle and paying out those proceeds to its wide shareholder base in a form of a onetime benefit. The end result will see all GLCC shareholders retaining their current position plus receiving a second equally same position in the second publicly traded vehicle. The company has instructed its corporate advisors Mina Mar Group to find this targeted vehicle and formulate the transaction. Several possible candidates have been identified so far.
There are more than 50,000 villages and towns and 70 million permanent residents in Hebei Province, and over 3,000 villages and towns, 2,000 urban communities and 16 million permanent residents in Beijing, thus the development space of the market is huge.
Another of the big developments came in 2008 with a Supplier Member Zhenji Group: engaged in producing various spices, which are mainly green quality products, which mainly covered the sales network in the leading cities of Hebei Province and the extensive rural markets could not become involved in. Broadening sales channel and providing good bargains and increased distribution. In addition, the promotion of e-commerce platform not only won profits but also expanded markets for the two parties, with our logistics saving distribution costs for the Zhenji Group.
The staff and management of GLCC wish to extend all of our friends and followers, all the best during this Christmas and New Year holidays. We remind our shareholders that GLCC is conducting 2 conference calls today December 23 2008. One is at 11:00AM EST and the second at 2:00PM EST. The content of these calls will be the same, and if you cannot join us for one, please join us for the other.
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.
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 filings (http://www.pinksheets.com/), 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: http://www.goodlifechina.com/ -----------
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