LOS ANGELES, Feb. 17, 2006 (PRIMEZONE) -- In a release dated Feb. 9, 2006, the word "revenue" used in the headline and first paragraph of the release, has been changed to "earnings". The full, corrected release follows:
Sunnylife Global, Inc. (Pink Sheets:SNYL) announced today that it is raising its licensing royalties earnings forecast for Fiscal 2006 to $7.5 million from the $5 million reported on November 28, 2005. According to Richard Lo, Sunnylife's President: "This is the result of better than anticipated results for the first 4 months of Fiscal 2006 just released by the Company."
Mr. Lo further added: "We are pleased with the progress of our results as reported and our demonstrated abilities to enhance shareholder value. These results exclude anticipated profit contributions from our hospital and assisted living care activities. They will be added to our forecast as our capital goals are accomplished."
About Sunnylife Global, Inc.
Sunnylife Global, Inc. has developed a Health Care Management System (HCMS) in conjunction with the Chinese government authorities that will result in delivering superior quality health care management to its members. The Company is in multiple joint-venture agreements with the World Friendship Hospital group to renovate and revitalize China's older hospital facilities in order to meet the current international standard. Sunnylife has developed the HCMS to meet the standard and is planning to launch in the very near future. In addition, the Company has patented natural, environmentally safe and economically affordable products which it plans to introduce to Chinese customers through seven different joint venture companies in China. Sunnylife represents an organization staffed with professional experts in product research, quality acceptance testing, and market development for service to China and the global markets. For more information, please visit: http://www.sunnylifeglobal.com.
Safe Harbor Statement
The statements contained herein, which are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. All forward-looking statements attributable to the Company, or persons acting for the Company, are expressly qualified in their entirety by these cautionary statements.