About Good Life China Good Life is one of most successful and fastest growing chain of Convenience Stores in rural areas of Hebei Province, China. The Company has enjoyed meteoric growth rates over the last 10 years, growing from a mere 8 stores in 1999 to almost 1,600 in 2007, becoming the largest chain store network of convenience stores serving more than 2.4 million people in the rural areas of China. Revenue Streams Franchisees: An upfront fee for the purchase of a franchise generates income over a three year period. Monthly licensing fees are also levied to cover the use of the Haorizi brand banner. On an ongoing basis, revenues are generated through shipping charges built in to the cost of product. Software Licensing is a secondary source of revenue. The Company generates income from 1 time software purchase and as well as ongoing monthly maintenance fees for POS and back-office systems, as well as inventory management. Suppliers and Manufacturers: Logistics charges for products shipped, merchandising, promotion and stocking fees are the primary sources of revenues. Software licensing generates additional revenue on a similar approach as the franchisees; 1 time purchase and ongoing monthly maintenance. Private Label Products: The expanding portfolio of Haorizi branded products generates additional margins for the Company. Over time, these are anticipated to become quite significant. Direct to Consumer: Consumers who are members can also order products and pay for them online.

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Forward-Looking Statements
This news release may contain forward-looking statements, which involve risks and uncertainties. Accordingly, no assurance can be given that the actual events and results will not be materially different than the anticipated results described in the forward-looking statement. There are a number of important factors that could cause actual results to differ materially from those expressed in any forward-looking statements made by the Company. These factors include the Company's success in its business and operations; the activities of new or existing competitors, the ability to attract and retain employees and strategic partners, the ability to leverage intangible assets, the ability to complete new projects at planned costs and on planned schedules and adoption of the Internet as a medium of commerce, communications and learning. Investors are also directed to consider other risks and uncertainties discussed in documents filed by the company with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

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