BEIJING, China, June 5 /PRNewswire-FirstCall/ -- Asiana Corporation (ASIC) http://www.asianacorporation.com/ is pleased to announce that it has signed a letter of intent (LOI) with Good Life China (GLCC.PK) to sell its IEXPAY division on an all cash basis. Mr. Xu Asiana CEO said, "This is an exciting time for us. This sale does not include our on line Chinese entertainment ticketing agency 1 800 buy piao http://www.1800buypiao.com/ which works similar to Ticket Master and other on line entertainment ticketing Companies. "In other company updates, the issuer should be in a position to file the legal opinion towards obtaining the current issuer status from Pink Sheets by the end of this week. The management expects to receive approval from pink sheets, and to obtain the current status by July 15, 2008. The issuer has also heard back positively from its market maker regarding its 15c211 filings, which when completed filed, and approved will elevate the issuer to being a solicited issuer. The "Warning Unsolicited" quotation will be removed from the issuer's quote on pink sheets. The management and its transfer agent Heritage Trust have also submitted certified copies of all documents requested by the issuer's market maker. "These are the last few steps as we await for a final approval from NASD." Mr Xu added, "We are certainly eager to close this deal; however, we do not wish to disturb or disrupt the obtaining of the solicited stock status. We intend to consult with our advisers and attempt to expedite these transactions as much 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. DATASOURCE: ASIANA Corporation CONTACT: http://www.minamargroup.com/helpdesk

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