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Good Life China Corp (GLCC/GLCC.PK) Wrap Up:

Good Life China Corporation operates a chain of franchised convenience stores in Hebei Province, the People’s Republic of China. The company employs retail concepts, such as e-commerce enabled POS/back office systems. It operates approximately 1,730 stores. The company also has an agreement with Petro China Beijing to provide distribution services and information management system services for the convenience stores in the gas stations belonging to Petro China Beijing Marketing Company. In addition, the company offers online sub prime financial services, such as money lending, forex trading, and advanced electronic funds management. Good Life China Corporation was incorporated in 1998 and is...
www.goodlifechina.com
Founded in 1992

Good Life China Corp (GLCC:OTC)

Market Cap
1.7M
Total Revenue
5.5M
EBITDA
574.6K
DILUTED EPS TTM
--
P/E
--
P/S
1.1x
Return On Asset
--
Return On Equity
--
K = Thousands  M = Millions  B = Billions

GLCC Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

Key developments for Good Life China Corp (GLCC)

GLCC Eyeing Chinese Agricultural Company

Good Life China Corp. (GLCC) 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.

Good Life China Corp. Signs CNY 8 Million Contract

Good Life China Corp. announced that its Shenzhen Bread Co. Miluga (Miluga) completed an CNY 8 million ($1.1 million) contract of intentions during the very successful Shanghai Bakery Exhibition. The company is working to finalize the details and arrangement of the contract shortly.

Golden Dragon Holdings Inc. Signs Distribution Agreement with Haorizi Trade Corporation

Golden Dragon Holdings Inc. announced that it has signed a distribution and logistics agreement with the Haorizi Trade Corporation, a subsidiary of Good Life China Corp. Under this agreement, GDHI will commence the sales and marketing of its products in over 500 convenience stores operated by Haorizi in Beijing.

otc, otcbb, pinksheet, GLCC, ob Good Life China Corp

GLCC Competitors

Company Last Change
No competitor information is available for GLCC.
Market data is delayed at least 20 minutes.

Industry Analysis

Valuation GLCC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.1x
Price/Book 0.4x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.3x

GLCC

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GLCC transactions

Type
Date
Target
No transactions in the last 6 months.

More Recent News About Good Life China Corp

More news for GLCC

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

BEIJING, Nov. 3 /PRNewswire-FirstCall/ - 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 ...
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Good Life China Corp. (GLCC) Targets Two Separate China Companies for a Merger

Target merger companies report a combined income of over 20 million dollars BEIJING, Oct. 27 /PRNewswire-FirstCall/ - The Good Life China Corporation (GLCC; http://www.goodlifechina.com) announces that it entered into a business relationship discussion or transaction that will involve a merger with one of the two China based companies.The Good Life China Corporation (GLCC) and the two newly targeted companies, which do not wish to state their name at the present stage of negotiations, started talks and are in the process of signing the preliminary documentation for future cooperation.The merger-considering companies see a great potential in the Good Life China Corporation's highly developed infrastructure of Haorizi and Miluga, and regard this infrastructure as highly-competitive, organized and flexible. This infrastructure would add a great value to the already existing distribution base of these retail companies, and GLCC as an organization moving forward after the merger.The first targeted merger company is a China based retailer company with revenues in the 15 million USD range and profits in the range of 3 million USD. The second targeted candidate is an organic food manufacturing and processing plant. This company's revenues revolve around the 20 million USD mark. This candidate indicates profits of about 30%. Assets are in the 10 million USD range.The Good Life China Corporation's management feels that this is a material event and that its due diligence stage with the two new retail companies requires a public announcement.This merger is based on the targeted merger companies being able to mee...
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Good Life China (GLCC) Reorganizational Update and Split Off

BEIJING, Oct. 22 /PRNewswire-FirstCall/ - Good Life China Corporation http://www.goodlifechina.com (GLCC)'s Hoarizi Retail Chain Division is providing this update and this announcement to its shareholders regarding its reorganization progress and eventual split off (sale from GLCC). GLCC Hoarizi recently changed its model from a franchise one to a system licensing and ecommerce model. This infrastructure and fundamental change in GLCC Hoarizi division sidelined the operating subsidiary with its ability to provide timely updates. Ultimately the entire Hoarizi board members resigned from the GLCC board. Notwithstanding, Hoarizi continues to be part of the GLCC and is an integral part of its asset base. Hoarizi continues with "business as usual" and is pleased to report that the reorganization has completed successfully. For example, Hoarizi recently completed a cooperating agreement with "The Diao Brand Company". The company Diao Brand owns the title of "the first brand of Chinese Soap". As a brand of the Nice Group which annually produces 1 million tons of washing powder and has about 40% market share, 0.3 million tons of liquid detergent, 0.28 million tons of soap with more than 67% market share and 0.25 billion tubes of toothpaste.As the new management of GLCC explores various merger and split off proposals with other China based retails including those of Hoarizi for a split off, the current management will provide periodic updates such as this one to keep its shareholders and followers current. As GLCC management courts other retail China based merger candidates, the GLCC management reminds its shareholders that notwithstanding the curr...
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Good Life China Corporation (GLCC) Signs An 8 Million Yuan (1.1 Million USD) Contract

BEIJING, Sept. 23, 2009 (GLOBE NEWSWIRE) -- Good Life China Corporation www.goodlifechina.com (Pink Sheets:GLCC - News) announced that its Shenzhen Bread Co Miluga (Miluga) completed an 8 Million Yuan (1.1 Million USD) contract of intentions during the very successful Shanghai Bakery Exhibition. The company is working to finalize the details and arrangement of the contract shortly. This project has been in the works for some time now going back to our news release of May 12, 2009 to May 14th, 2009 where amongst other things the general manager of Miluga and other sales executives participated in the Shanghai Bakery Exhibition. The Shanghai New International Expo Center (SNIEC) is China's leading expo center, boasting state-of-the-art facilities. During the exhibition, the samples of Miluga products such as the Wife Cakes and Moon Cakes were displayed in all shapes, color, tastes and prices. The company was excited to see the high acceptance and appreciation by buyers and customers. The moon cake is the major cultural traditional food for the Mid-Autumn festival, one of the most important annual festivals for all Chinese people around the world. Moon cakes are one of the flagship food produ...
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Good Life China Corporation (GLCC) Food Industry Association Award

BEIJING, Sept. 4 /PRNewswire-FirstCall/ - Good Life China Corporation http://www.goodlifechina.com/ (GLCC) announced that its Shenzhen Bread Co Miluga. (Miluga) was awarded as one of the top ten moon-cake brand in Shenzhen by Shenzhen Food Industry Association. The moon-cake is the major cultural traditional food for the Mid-Autumn festival, one of the most important annual festivals for all Chinese around the world. Moon-cakes are one of the flagship food products of Miluga. Miluga generates significant revenue from moon-cake sales during Mid-Autumn festival each year. This is the fourth consecutive year to win this honor. This awarding is based on experts' assessment and open and fair evaluation of 70 moon-cake manufacturers organized by Shenzhen Food Industry Association. Miluga also has received the Award as "The Best taste".The Company anticipates making additional announcements re: major sales contracts in the coming weeks.Safe HarborInformation in this release may contain statements about future expectations, plans, prospects or performance of Good Life China Corporation that constitute forward-looking statements for purposes of the safe harbor Provision's 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. GLCC Corporation cautions you that any forward-looking information provided by or on behalf of Good Life China Corporation is not a guarantee of future performance. None of the information in this release constitutes or is intended ...
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Good Life China (GLCC) Renews Agreement with Ren Ren Le Department Stores

BEIJING, Aug. 28 /PRNewswire-FirstCall/ - Good Life China Corporation http://www.goodlifechina.com/ (GLCC) announced that its Shenzhen Bread Co. (Miluga) renewed the contract with Ren Ren Le Department Store for moon cake sales in 2009. Ren Ren Le Department Store is one of the biggest chain stores with 22 branches around Shenzhen. It is a popular super center and attracts a large number of consumers. The sales volume of moon cake can be expected to reach more than USD2 million.In other company updates; the company would like to use this opportunity to again welcome its shareholders to the company Expo being hosted by its corporate advisors Mina Mar Group and held today in Toronto Canada @ the Marriott Airport location 12-5 pm. The company will release images and video of the event on its corporate web site within the next several days.The Company anticipates making additional announcements re: major sales contracts in the coming weeks.Safe Harbor Information in this release may contain statements about future expectations, plans, prospects or performance of Good Life China Corporation that constitute forward-looking statements for purposes of the safe harbor Provision's 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. GLCC Corporation cautions you that any forward-looking information provided by or on behalf of Good Life China Corporation is not a guarantee of future performance. None of the information in this release constitutes or is i...
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Shareholders Conference - Exposition For GLCC, GLGT, MONA, HTDS, LDSR

TORONTO, Aug. 24 /PRNewswire-FirstCall/ - The following issuers with stock symbols GLCC, GLGT, MONA, HTDS and LDSR are pleased to announce that they will be holding a joint Shareholders Conference - Shareholders Exposition on August 28 starting at 12 noon and lasting until to 5:00 p.m.: Toronto Airport Marriott Hotel 901 Dixon Road, Toronto, ON M9W 1J5 Meeting Room 1 Tel 416-674-9400 http://www.marriott.com/hotels/travel/yyzot-toronto-marriott-airport The Shareholders Conference and Exposition is being hosted by Mina Mar Group, the issuers' corporate adviser and investor relations company. Miro Zecevic, CEO of Mina Mar Group (MMG), said "To the best of our knowledge and research a Shareholders Conference and a Shareholders Exposition is unheard of, and one of a kind event for a Pink Sheet listed company."We highly recommend that visitors register their attendance at http://www.minamargroup.com/multi-company-shareholders-conference.php although we anticipate a good turn out, we can only speculate as to the number of attendees at this point.It has been our experience that most speculative companies trading on Pink Sheets are reluctant to disclose any real and substantial information to their shareholders. The majority of our clients are from China, Eastern Europe and Canada. Usually these operating subsidiaries are merged wit...
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Beacon Equity Issues Trading Outlook for Good Life Group Corp.

DALLAS, Aug. 20, 2009 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring Good Life Group Corp. (Pink Sheets:GLCC - News). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision. The investment report on Good Life Group Corp. (Pink Sheets:GLCC - News) should be of particular interest to integrated oil and gas/convenience store operators: Marathon Oil Corp. (NYSE:MRO - News), Exxon Mobile Corp. (NYSE:XOM - News), Chevron Corp. (NYSE:...
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Good Life China (GLCC) Corporate Update

BEIJING, China, Aug. 18 /PRNewswire-FirstCall/ - Goodlife China Corporation (GLCC) www.goodlifechina.com (Good Life) The issuer responding to its shareholders, and followers requests to provide a corporate update on its corporate developments is pleased to provide the following report. Good Life continues to operate two operating subsidiaries namely Miluga and Haorizi.Miluga Corp Shenzhen City Jia Food Company is a one-stop integrated model of modern large-scale food production, and marketing enterprise. Founded in 1998, the company is headquartered in Bao'an. The company employs staff of more than 500 people, servicing more than 70 chain stores.Haorizi Good Life is a diversified international company active in China. China based operations represent the lion's share of revenue and profit, centered around a large and rapidly growing chain of convenience stores serving rural markets.Hoarizi has changed its business model from a franchised one to a licensing model. This change caused some trauma to the company's business model as evidenced by its share price. The company initially (in June 2008) expressed interest to be partitioned, and sold off in pieces ie spin off of the logistics division and subsequently to be sold on all cash basis, to a USA based company Eng America. http://www.reuters.com/article/pressRelease/idUS102871+14-Jul-2008+PRN20080714 Subsequently, that tra...
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