Press Release Source: Good Life China Corporation
Good Life China (GLCC) Management Update For The Month Of May 2008
Tuesday June 3, 1:09 pm ET
BEIJING, China, June 3 /PRNewswire-FirstCall/ - Pink Sheets: GLCC.PK, www.goodlifechina.com is pleased to announce the following update for the month of May 2008
- 26 new stores were launched in Beijing, the total transaction is
RMB6,078,700, income is RMB269,100, profit is RMB146,600.
- GLCC has commenced bringing stores of SJJJF online. So far 12 are
integrated the transaction is RMB216,000, distribution income is
RMB9,700.
- There are 5 convenient stores of the gas stations of Petro China
online, with transactions of RMB104,000.
- 50 new stores were successfully launched in Cangzhou, with the
transaction volume of RMB9,766,700, income is RMB451,000, profit is
RMB254,100.
- GLCC has also launched 29 new stores in Shijiazhuang, the transaction
volume in RMB 4,674,000, income is RMB220,600, profit is RMB 126,400.
All sums above are reported in Chinese Yuan and are converted to US dollars in the company financial statements filed with Pink Sheets.
About SJJJF: SJJ controls a powerful network of retail supermarket chains in the whole country of mainland China, with strong presence in Beijing and surrounding areas. At present, SJJ has 550 chain stores, including 24 direct stores and 426 franchised stores. The stores located in 15 districts, and counties of Beijing, currently control 83.33% market share of Beijing districts and counties. The joint agreement calls for Good Life to provide logistics distribution and information services to SJJ, on a revenue sharing basis.
GLCC continues to integrate additional SJJJF and Petro China locations to its network.
About Good Life China Corporation.
Good Life China Corporation operates a rapidly growing chain of franchised convenience stores based in Hebei Province, China. It employs advanced retail concepts such as e-commerce enabled POS/back office systems, and achieves significant economies of scale on the supply side of the business. It will be expanding geographically to neighboring Provinces, as well as offering a growing number of additional products and services, such as financial products, as it moves forward.
The Company's North American operations comprise a number of online sub prime financial services, including: the Money Lending Business.com; Forex Trading; and Advanced Electronic Funds Management.
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.
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Source: Good Life China Corporation
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