Good Life China Corporation

December 16, 2010 15:46 ET

Good Life China Corporation (GLCC) Merger With Q-Mart Back on Track

BEIJING, CHINA--(Marketwire - Dec. 16, 2010) - Good Life China Corporation (PINK SHEETS:GLCC)( management would like to provide the following update to its shareholders and followers on several corporate matters that have been in works during the company's silent period. GLCC entered a silent period as a direct result of being unable to reign in stock bashers who have plagued its security. GLCC offers this update as a direct result of the current recent developments with the company lawsuit against the stock bashers. The company expects positive results and a resolution shortly.

In this light, the company is considering taking the following steps:

1) The company will subscribe to Pink Sheets and resume reporting.

2) The company is considering the rescission of the 1000 : 1 stock reverse split planned by the management in previous quarters.

3) Revive and renegotiate the merger with Q-Mart that took place for a brief period in December 2009. Q-Mart is a viable chain of retail convenience stores in China. Q-Mart convenience stores offer their customers a wide range of goods and services with focus on quality and convenience. The company grows continuously, and presently operates more than 200 stores with over 600 employees.

The management is excited about the development of the US/UK lawsuit and the effective enforcement proceedings in Canada. GLCC management hopes for soon resolution, so it can implement this 3-point plan immediately.

The company acknowledges support of its long time followers and is hopeful that this 3 step plan will breathe new life back in GLCC in 2011.

Safe Harbor Statement

Information in this news 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 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 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 press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Good Life China Corporation'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 Corporation's control. In addition to those discussed in Good Life China Corporation's press releases, public filings, and statements by Good Life China Corporation's management, including, but not limited to, Good Life China Corporation's estimate of the sufficiency of its existing capital resources, Good Life China Corporation's ability to raise additional capital to fund future operations, Good Life China Corporation's ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities and, in identifying contracts which match Good Life China Corporation'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 Corporation 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.

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