Good Life China Corporation (GLCC) New Store Openings
4 minutes ago - Pr Newswire
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GLCC 0.0075 19.05%
As of 9:44 AM ET 8/26/08
Good Life China Corporation www.goodlifechina.com (GLCC.PK) is pleased to announce additional new store openings. A total of 19 stores have been opened within the last 10 days, including stores in Cangzhou, Shijiazhuang and a number of smaller villages. In addition, 3 new suppliers were added to the Good Life Corporation network.
While a number of major announcements regarding strategic alliances and acquisitions have been made in recent days, it is important to note that Good Life continues to generate organic growth with an ongoing stream of new store openings at a very aggressive pace.
When considered in light with the ongoing negotiations to acquire "The People Home" Chain (TPH), it is anticipated that Good Life may soon surpass 3,000 stores.
In other Company news, the Company has signed a strategic partnership agreement with Hebei Provincial General Supply and Marketing Cooperative Corp., after a successful meeting to discuss coordinating efforts in line with China's high priority "10,000 rural village and 1000 Townships" economic development policy to open modern retail stores in rural areas across China. This agreement can help accelerate Good Life's ongoing objective to achieve a store count of 4,000 convenience stores as quickly as possible.
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.
SOURCE Good Life China Corporation |
