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	9/9/2005 3:38:50 PM
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Largo Vista Group to Continue to Work with Shanghai Offshore Oil Group 9/9/2005 3:00:01 PM NEWPORT BEACH, Calif., Sep 09, 2005 (BUSINESS WIRE) -- Previously, Largo Vista Group Ltd. (LGOV) announced that it had given Shanghai Offshore Oil Group (HK) Ltd. until Aug. 31, 2005, to deliver funds to Largo Vista under their contract of March 18, 2005. Although Shanghai Oil has not met this deadline, Largo Vista has decided that it is in the best interests of the company and its shareholders to continue to work with Shanghai Oil to meet its obligations under the contract with them. Although Shanghai Oil has assured Largo Vista that it will fulfill its obligations under the contract, there can be no assurances that it will be able to do so and Largo Vista will not deliver any of the shares of its common stock under the contract until funds have been delivered to Largo Vista by Shanghai Oil. SOURCE: Largo Vista Group Ltd. Largo Vista Group Investor Relations, 949-252-2180 .

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