Good Life China (GLCC) Finalizes the Merger with China Based Convenience Store Chain Operator "Q Mart"
03 Dezember 2009 - 7:02PM
PR Newswire (US)
Merger Finalized GLCC and Wandiantong Trade Co. Ltd. Q Mart
BEIJING, Dec. 3 /PRNewswire-FirstCall/ -- Good Life China Corp.
(GLCC; http://www.goodlifechina.com/) further to the company
filings of December 2 namely appointment of new officers and
Directors', together with a news release of November 3, 2009, where
amongst other things GLCC announced it is targeting a merger with
one of two companies namely a Chinese agricultural company, or a
China based retail convenience chain operator. The company is
pleased to announce that it has finalized a merger with a China
Based Convenience Store Chain Operator Wandiantong Trade Co. Ltd.
D.B.A "Q Mart" http://www.qmartcorporation.com/ (English Site) and
http://www.wandiantong.com/ (China Site). The board of GLCC
scrutinized the Wandiantong Trade Co. Ltd.'s accomplishments of the
past few years in the retail sector and decided that a merger with
this strong retailer offers the best prospects for GLCC's growth
and increase of shareholder value. With the head office in
Shenzhen, the Wandiantong Trade Co. Ltd.
(http://www.qmartcorporation.com/; http://www.wandiantong.com/)
operates several hundred convenience stores under the brand name
"Q-Mart" in Southern China. The company is a part of a larger
conglomerate which focuses on logistics, franchising, supply chain
management and similar retail based services. The merger of GLCC
and Wandiantong Trade Co. Ltd. will not disturb the existing share
structure. QMart is acquiring the control block or all of the
common and preferred shares of Haorizi Trade Company, the current
operating subsidiary of GLCC on all cash basis. As part of its
internal restructuring, GLCC commenced the process of appointing
new officers and directors, including the appointment of the new
CEO Mr. Zhidong He and new CFO Mr. Jing Wang. See filings Pink
Sheets Dec 2 2009. The new GLCC management, acknowledges the hard
work, input and assistance of Mr. Garr Winters, GLCC' Prior officer
- Director and Advisor who originally introduced QMart while an
officer and was pivotal in the merger assistance to GLCC. Mr.
Winters received no compensation for his involvement. Other company
plans include a name change and write down, write off or sale of
any non-performing assets of GLCC. The company will shortly update
other filings with Pink Sheets of this transaction. To receive
future updates, via email including quarterly newsletters and
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at http://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 http://www.minamargroup.net/helpdesk; Investor
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DATASOURCE: Good Life China Corporation CONTACT: For any investor
relations matters, please contact
http://www.minamargroup.net/helpdesk; Investor Relations Department
Inquiry, http://www.minamargroup.net/ (IR); For (M&A) and
Corporate Matters, http://www.minamargroup.com/
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