diese zwei abschnitte der meldung kann man gar nicht oft genug lesen.... GLCC CEO Dong Mai Jia said, "This is a mammoth contract for our logistical division and GLCC organization as a whole. We will be issuing further details of this transaction over the next couple of days, to allow the markets to simply absorb the magnitude of this transaction, and what this all means to GLCC, and our shareholders. Our expansion plans continue to be on target and show no signs of slowing down. The reserves we currently have in place, and the financial backing from our traditional sources indicate sustainability of growth for a prolonged period of time. This financial backing does not include several substantial proposals received from USA and Canadian corporate investors which we are currently entertaining. To sum it up, we are in great shape to reach our 20,000 store location by 2011, including our plans of building a total of 19 logistics centers, handling approximately 8,000 vendors, 50,000 network shops, and handling distribution of more than 50 billion yuan (nearly $7 billion USD) in products annually." In other company news, GLCC announces today that the Company has passed a resolution to further reduce the authorized share structure currently at 500 million shares to 450 million shares. Mr. Yang, a company spokesperson, said, "Just to be clear this 50 million authorized share structure reduction is in addition to the recently announced and completed authorized share reduction, where GLCC reduced its authorized count from 2.5 billion to 500 million. GLCC is determined to see its share price returned to its proper and current valuation. As it stands now, with GLCC closing at just over 6 cents a share on May 28th 2008, the company has enough resources on hand to retire the entire 70 to 80 million float in a combination of free trading and restricted shares currently held by outsiders. If this means that this is the only way for us to receive satisfaction and reach our goals, this is an option available to us. Good Life is a serious and a determined company that enjoys close working relationships with other companies of same status and our share price needs to reflect this," concluded Mr Yang. |
