Target merger companies report a combined income of over 20 million dollars BEIJING, Oct. 27 /PRNewswire-FirstCall/ -- The Good Life China Corporation (GLCC; http://www.goodlifechina.com/) announces that it entered into a business relationship discussion or transaction that will involve a merger with one of the two China based companies. The Good Life China Corporation (GLCC) and the two newly targeted companies, which do not wish to state their name at the present stage of negotiations, started talks and are in the process of signing the preliminary documentation for future cooperation. The merger-considering companies see a great potential in the Good Life China Corporation's highly developed infrastructure of Haorizi and Miluga, and regard this infrastructure as highly-competitive, organized and flexible. This infrastructure would add a great value to the already existing distribution base of these retail companies, and GLCC as an organization moving forward after the merger. The first targeted merger company is a China based retailer company with revenues in the 15 million USD range and profits in the range of 3 million USD. The second targeted candidate is an organic food manufacturing and processing plant. This company's revenues revolve around the 20 million USD mark. This candidate indicates profits of about 30%. Assets are in the 10 million USD range. The Good Life China Corporation's management feels that this is a material event and that its due diligence stage with the two new retail companies requires a public announcement. This merger is based on the targeted merger companies being able to meet and exceed both management and long-term shareholders reasonable expectations. The GLCC management works in concert with its preferred shareholders and its M&A advisors on this merger and develops a complex preferred share exchange arrangement. The result will see GLCC's current (both common and preferred) share structure unchanged and undisturbed after the merger. The targeted merger candidates would over time acquire the preferred shares and have an option to convert these preferred shares at a significantly higher strike price than what GLCC is currently trading at. The targeted merger candidates hope to benefit from this merger and increase their revenues. To be included in GLCC's email database for press releases and industry updates, please subscribe at or opt in with your email address at this link http://www.minamargroup.com/updates/. Safe Harbor Statement Information in this news release may contain statements about future expectations, plans, prospects or performance of Good Life China Corp. 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 Corp. cautions you that any forward-looking information provided by or on behalf of Good Life China Corp. 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 Corp.'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 Corp.'s control. In addition to those discussed in Good Life China Corp.'s press releases, public filings, and statements by Good Life China Corp.'s management, including, but not limited to, Good Life China Corp.'s estimate of the sufficiency of its existing capital resources, Good Life China Corp.'s ability to raise additional capital to fund future operations, Good Life China Corp.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Good Life China Corp.'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 Corp. 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. CONTACT: http://www.minamargroup.com/helpdesk DATASOURCE: Good Life China Corporation CONTACT: http://www.minamargroup.com/helpdesk

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