Good Life China Corporation News

Good Life China (GLCC) Acquires Multi China Bank Marketing Agreement

BEIJING, July 28 PRNewswire-FirstCall - www.goodlifechina.com Pink Sheets GLCC. The company is pleased to announce that it has acquired certain marketing rights that will allow it to offer various bank related services throughout rural China through its already existing 1800 locations.

The company has already recently signed one such agreement with Industrial Commercial bank of China. Other signed up banks include China Merchant Bank, China Construction Bank and China Union Pay.

In other corporate updates, the company has rejected the previously announced Asian buyers buy out proposal. The offer presented was part cash and part stock of about 3.9 cents per share. The company is also seeking to renegotiate its existing contract with its corporate advisor Mina Mar Group, which will involve one time cash, and or a stock charge. These charges will appear on the company's next quarterly statements.

The common shares of the issuer 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.

CONTACT www.minamargroup.com/helpdesk

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.

CONTACT: www.minamargroup.com/helpdesk

SOURCE Good Life China Corporation

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