/C O R R E C T I O N from Source -- Good Life China Corporation/
15 Février 2009 - 10:37AM
PR Newswire (US)
In TO669, "Good Life China Corporation (GLCC) 2008 Preliminary
Financial Performance $580 million Gross Retail Sales", transmitted
on February 12, 2009 at 16:30e, the headline should have read "Good
Life China Corporation (GLCC) 2008 Preliminary Financial
Performance $58.1 Million Gross Retail Sales" and in the second
paragraph, third sentence the figure "$580 million dollars" should
be "$58.1 million dollars". Full corrected copy follows: BEIJING,
Feb. 12 /PRNewswire-FirstCall/ -- Good Life China Corporation
(GLCC) http://www.goodlifechina.com/ today after the market closed
is providing this summary of its initial preliminary 2008 year
statements to keep investors abreast of continuing developments
within the company. Subsequent to the recent Chinese New Year, the
Company has been working on its financial statements for the year
ending December 31, 2008. With the change this past year in the
company's business model, there have been a number of major
adjustments to the accounting principles of the Company. The total
amount of gross retail sales at the store level reached
approximately $58.1 million dollars this past year 2008. This
represents the value of all retail sales of goods and services
purchased by end-consumers at retail. The Company no longer
purchases the goods and services sold from suppliers and
distributors for resale on a wholesale basis, but instead generates
commissions from both retail and wholesale members based on the
value of goods delivered using its online trading platform, its
warehousing services and membership fees levied to access its
online trading platform and related information services. The
Company will issue its full financial results within the next 30 -
45 days, in accordance with Pink Sheet requirements. 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. 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
http://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.
Additionally, it is understood that upon completion of the spin-off
of the current operating company, there will be no liabilities or
litigation to consider, except as provided and documented by Trudy
Corp. The Company is currently designated current in its filings
with the SEC, the Delaware Secretary of State, and any expenses due
to its Transfer Agent. DATASOURCE: Good Life China Corporation
CONTACT:
Copyright