BEIJING, July 14 /PRNewswire-FirstCall/ - Good Life China Corporation, www.goodlifechina.com (Pink Sheets: GLCC) the issuer announces the name of the proposed European buy out company. That buyer's name is Eng America Corporation. The Eng America entity is in the process of changing its corporate name. The deal will involve both cash and stock. The issuer can disclose that Eng America is a USA based buyer that trades on the Frankfurt Xetra Exchange, and is quoted in Euro's and will trade in the 1.00 Euro range. The issuers IR Company Mina Mar Group is in China to discuss this proposal with the Good Life China head office in Beijing. The issuer did post some of the terms of the proposed buyout on pink sheets. Pending the outcome and decision of the issuers head office management, further updates will be filed or announced early next week.

The issuer's security persistently remains short sold. The issuer may conduct a share count recall slightly ahead of the closing date of the buyout so to insure that any, and all short sales of its security are promptly covered. A possible short seller has also been identified as per the issuer's filings on Pink Sheets.

The IR is making a recommendation of the sale to Eng America. Assuming the transactions closes as planned the current share structure of both the authorized and outstanding shares will remain undisturbed. The issuer has also received many inquiries from its followers vis-a-vis the issuer's intent to conduct a stock reverse split. The issuer is not surprised that these types of questions are arising and possibly generated by its short seller stock traders. Be that as it may, the issuer wishes to use this opportunity to assure its followers, and shareholders that there are no such plans of a stock reversal whatsoever for a good foreseeable future.

The common shares of the Company are currently dually listed in the USA Pink Sheets (symbol GLCC.PK) and the Frankfurt Stock Exchange (Xe:L9X). The issuer is in good standing with Pink Sheets and ranked as a "Current Information" filer with its security.

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