To: Country Tyme who wrote (7648 ) 6/9/1999 10:48:00 AM From: Koda Ridge Read Replies (1) | Respond to of 108040
PKDV- Someone posted a link to this news story earlier, but it is so huge I think the full story should be posted. PKDV has signed a $1.125 BILLION contract with the Taiwanese government. A purchase order has already been issued to PKDV from the government. This is the biggest story I've ever seen for a penny stock. You should all check it out. Eric (COMTEX) B: CHYANE YAN Enterprises Co., Ltd. Awards Billion Dollar En B: CHYANE YAN Enterprises Co., Ltd. Awards Billion Dollar Environmental Contract to Pan Kai Development 'USA', Inc. TAIPEI, Taiwan, Jun 9, 1999 (BUSINESS WIRE via COMTEX) -- Chyane Yan Enterprises Co., Ltd. of Taiwan announces that it has awarded Pan Kai Development (USA), Inc. (OTC BB:PKDV) the exclusive contract for the manufacturing of the "Air/Combustion Enhancer Kit" (Pollution Prevention Devices), which are now mandated by law in Taiwan for use on every commercial and industrial diesel engine. Chyane Yan Enterprises Co., Ltd. owns the rights and the patent for the "Air/Combustion Enhancer Kit" after purchasing them from an American inventor. This device has been found to reduce emissions by up to 90% in the test diesel engines while increasing both power and fuel efficiency. After approval of the tests, the use of this "Air/Combustion Enhancer Kit" has been mandated by the Ministry of Environment of Taiwan, and will be subsidized by the state. Chyane Yan Enterprises Co., Ltd. received exclusive rights for the manufacturing and installation of these devices and will be paid by the Government of Taiwan the amount of NT$180,000 (Approx. $5,625 US Dollars) upon installation of each device. There are currently over 500,000 commercial and industrial diesel engines in use in Taiwan. A purchase order has been issued to Pan Kai Development (USA), Inc. (OTC BB:PKDV) for the manufacturing of 300,000 units over a three year period. Pan Kai Development (USA), Inc. (OTC BB:PKDV) will be paid NT$120,000 (Approx. $3,750 US Dollars) per unit, for a total of NT$36 Billion (Approx. $1.125 Billion US Dollars) for the entire purchase order. Copyright (C) 1999 Business Wire. All rights reserved. -0- CONTACT: Chyane Yan Enterprises Co., Ltd. HU YI HUEY, Tel: 8862-2957-9474 or Pan Kai Development (USA), Inc. G.W. HOWELL, Tel: 702/220-9797 WEB PAGE: businesswire.com GEOGRAPHY: NEW YORK INDUSTRY CODE: ENVIRONMENT ENMED AUTOMOTIVE GOVERNMENT CHEMICALS/PLASTICS ENERGY PRODUCT Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. *** end of story ***