http://www.pinksheets.com/otciq/ajax/...ancialReportById.pdf?id=18569Good Life China (GLCC) Shareholder Update
–Filing-
BEIJING, China, Nov. 29 – Good Life China (GLCC ) (
www.goodlifechina.com) The following
filing is a management discussion filing and not a news release. Its purpose is to update or keep
the company’s shareholders informed on the progress of activities with the company. Further to
the company news release on the pending mining merger with Fun Foods Inc (Filing October 7
2008) the company has abandoned its aspirations to acquire or merge with this company. The
company has instead refocused on a much larger project and will announce the details shortly.
In a filing of July 15, 2008 and September 29 2008 where amongst other things the company’s
CEO continues to be frustrated with the market’s inability to reflect the true share of its security
the company contemplated an outright sale of one of its divisions namely its logistics and
warehousing facilities. The company has also abandoned its desire to sell its logistics and
warehousing divisions and instead will seek other remedies to increase its share values or at least
have the true values reflected in its security.
To that end ,the company intends to acquire a completely separate public company to complete
the spinoff. It intends to retain the same management officers and directors. The company
believes that through this spin- off of the logistics divisions without the process of a sale the
company can achieve a true value of all of its assets equally divided between these 2 public
entities.
The company is also seeking legal advice as to the ways and means to complete a forward share
distribution proceeds with its current shareholder base, in both publically traded companies.
Upon completion Good Life China will retain the IT division, licensing and membership base
while the new yet to be named public company will through this spinoff control the logistics and
the warehousing division.
Remunerating the company’s shareholders remains one of the managements top priorities.
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 Harbour 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.
CONTACT: corporate@goodlifechina.com