GCHC GREATER CHINA CORP Message Board

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Microcap & Penny Stocks : GCHC GREATER CHINA CORP

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From: untilzen	10/21/2007 3:24:25 PM
	of 858

Greater China Corporation Corporate Headquarters One Rockefeller Plaza, Suite 1010 New York, New York 10020 Tel: (212) 765-4547 Fax: (212) 218-4223 Email: JWA@greaterchinacorp.com GREATER CHINA CORPORATION October 2007 Dear Greater China Participant: I am pleased to provide an update of what has been happening. We have successfully completed the separation with Unigel and have achieved the following: 1.Reduced the number of GCC shares outstanding by more than 40% (17.5 million shares) which were canceled as part of the Unigel transaction. 2.Eliminated $2.8 million of debt by assigning this to Unigel. 3.Eliminated all remaining debt ($2.3 million) through the conversion of all other obligations to equity. 4.Produced a clean corporation, with no debt and approximately 23 million shares – which are widely distributed amongst more than 1,800 long-term, loyal shareholders who can help us grow. 5.Focused our CFO and auditors on completing all audits and SEC filings at the earliest possible date. 6.Added three new Directors, and seven Advisors, all of whom are extremely well qualified and well connected. 7.Established Audit, Corporate Governance and Compensation committees to set the highest standards of SEC compliance. 8.Identified and negotiated a number of pending transactions which have been structured to add several hundreds of millions in revenues and assets with limited dilution. 9.Developed a fast-track system for producing professional business plans to evaluate and implement new opportunities. 10.Designed the use of our Convertible Preferred Stock to raise money and make acquisitions with limited dilution to the common shareholders. 11.Positioned GCC so that our share price will reflect our increasing intrinsic value. 12.Developed a plan for a corporate move to Bermuda and NYSE listing. The path is now clear to achieve our Mission: “To build Greater China Corporation into the ideal public company for investors and partners who wish to share in the growth of China and related economies.” I want to thank everyone for the tremendous loyalty and support, without which none of this would have been possible. We now look forward to realizing the full potential of Greater China Corporation. Sincerely, John W. Allen Chairman & CEO

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