LGOV - Largo Vista Group, Ltd. - 2005 & Beyond........ Message Board

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Gold/Mining/Energy : LGOV - Largo Vista Group, Ltd. - 2005 & Beyond........

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From: jmhollen	7/21/2005 3:55:40 PM
	of 8

Largo Vista Group Grants Extension 7/21/2005 3:00:02 PM NEWPORT BEACH, Calif., Jul 21, 2005 (BUSINESS WIRE) -- Largo Vista Group Ltd. (LGOV) announced today that, as disclosed in its press release dated July 1, 2005, the company sent to Shanghai Offshore Oil Group (HK) Co. Ltd. a written "Demand to Cure Delayed Performance" based on the failure of Shanghai Oil to deliver the first shipment of fuel oil that was due by May 18, 2005. As stated in that press release, the company gave Shanghai Oil until July 18, 2005, to cure its failure to perform per the contract. Based upon representations of Shanghai Oil regarding its ability to cure its failure to perform, the company has agreed to extend this date to Aug. 31, 2005. Should Shanghai Oil fail to do so, none of the shares of the company's common stock will be delivered to it. In addition, any action advised by the company's legal counsel will be considered at that time. SOURCE: Largo Vista Group Ltd. Largo Vista Group Investor Relations, 949-252-2180 .

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