LGOV - Largo Vista Group, Ltd. Message Board

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Microcap & Penny Stocks : LGOV - Largo Vista Group, Ltd.

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To: Dusty who wrote (7176)	7/24/2002 12:26:16 PM
From: broke2	of 7209

NEWS!!!!!!!!!!!! CHINA/ENERGY: Largo Vista Group Announces Pipeline Completion NEWPORT BEACH, Calif., Jul 24, 2002 /PRNewswire-FirstCall via COMTEX/ -- Largo Vista Group Ltd. (OTC Bulletin Board: LGOV) announced today the completion of the first pipeline and station infrastructure of Liquefied Petroleum Gas (LPG) for over 1,000 condominiums for government employees in Zunyi, one of the largest cities in the Guizhou Province (Pop 30 million). This project is the first of its kind in the region and sets a model for the future of planned communities. As part of this project, the "Phase 1" agreement calls for the government to take the lead role in collection of the hookup fees. The "Price Supervision Bureau" of the government will issue a specific document to regulate LPG service charges with the end user based upon actual costs or budget schedules, thus guaranteeing a pipeline budget surplus for the operation. Mr. Li Chuming, Largo Vista's General Manager of Zunyi operations stated: "Our construction efforts were within our budget and completed on schedule." Mr. Li also noted, "that the local government and the residents have encouraged Largo Vista to create a plan that improves civilian energy distribution and local industrial energy sources while taking the environment in consideration and still providing the convenience and savings of the gas pipelines. Once Largo is "on-line" the company will have the exclusive rights to supply the pipelines." Mr. Deng Shan, the Chairman of Largo Vista stated: "The reality of Largo Vista Group expanding into a multiple source energy company with pipeline infrastructure, distribution, and the trading of petrochemicals has begun to take shape. And with the earlier strategic trade agreement with Pertamina or Petral to develop and supply the petrochemicals in Vietnam and China, Largo Vista is in position to increase market share as well as expand into other nations inside of the Pacific Rim."

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