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Good Life China (GLCC) Identifies
Shanghai IPO Merger Candidate
June 26, 2008
Goodlifechina(PINKSHEETS: GLCC) is pleased to identify Runtian
Spring Water Ltd. (Runtian) www.runtian.cn, as a possible company of
interest to the issuer. Runtian is a China mainland based company.
Mr Yang GLCC spokesperson said, "Runtian was introduced to us by our
IR Company Mina Mar Group, as one candidate to explore a possible
merger or a buyout with Good Life China. Just to be clear, we still
have the European Publicly traded company that continues to express
continued interest. Runtian comes to us as a complete surprise. It
is our understanding that Runtian began their initial public
offering process (IPO) in Shanghai China, which adds a new twist of
dynamics, and various possible options both companies will now have
at their disposal.
We understand that Runtian is a mineral water packager/distributor.
The company has a capitalization of 200 million Yuan, about 30
million USD, revenues of 2.5 billion Yuan or about $400 million
dollars. The company maintains operations in 21 of the 28 Provinces
of China, with 1600 authorized distributors and 26 branch offices.
Here in China they are a familiar brand name."
Mr Garr Winters the issuer's secretary, and its strategic corporate
advisor said: "My understanding is that Mina Mar Group is
positioning this to have either the European company or Runtian do
some sort of a consolidated mega merger into GLCC. The way it was
presented to me, and the way I understand it, immediately thereafter
GLCC would do an asset split off into one of their currently
available OTCBB bulletin board companies. This would result in a
form of a onetime special dividend payable to all of the common
shareholders of GLCC. Some assets would stay in GLCC and some in the
OTCBB Company.
It is my understanding that by doing this extra step the benefits
are three fold. Firstly, the dividends issued would force any short
position to cover. Secondly the common shareholders would receive or
retain both their existing GLCC stock plus they would get additional
free trading shares in the OTCBB Company. Lastly, it is common
knowledge in the industry, and from my personal previous experience
in dealing with them, that this IR Company is pro common shareholder
and encourages its clients to issue dividends to its common
shareholders. Stock traders, and traders, that regularly short
stocks are obviously irked by them, and rightfully so. As a
secretary, and the issuers strategic corporate advisor I endorse the
proposal as it was presented to me. The final decision rests with
the management, and the board members of GLCC in Beijing who are
awaiting their arrival, their presentation and recommendations."
The common shares of the Company are currently dually listed in the
USA Pink Sheets (symbol GLCC.PK) and the Frankfurt Stock Exchange
(Xe:L9X). The issuer is in good standings with Pink Sheets and
ranked as a "Current Information" filer with its security.
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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