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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: 2MAR$ who wrote (8610)	6/17/1999 12:18:00 PM
From: Koda Ridge	Respond to of 108040

PKDV--Re-statement of earlier news. They still claim to have a contract with the Taiwanese govt. that will pay them $1.125 Billion over the next 3 years. No one seems to believe it. Eric TAIPEI, Taiwan, Jun 17, 1999 (BUSINESS WIRE via COMTEX) -- CHUAN-I COMPANY LIMITED announces that the correct spelling in English of its company name is not Chyane Yan but CHUAN-I Enterprise Co., Limited. On June 9th 1999 The Company announced 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. CHUAN-I Co., Ltd. owns the rights and the patent (Patent No. Ti 056658 Hao - Issued by Republic of China) for the "Air/Combustion Enhancer Kit" after purchasing them from Randy J. Chapman, the American inventor of the device. 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. CHUAN-I 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 (purchase order No. 5168) 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. 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: CHUAN-I CO., LTD. HU YI HUEY, TO: 8862-2957-9474 Or Pan Kai Development (USA), Inc. G.W. HOWELL, Tel: 702/220-9797 WEB PAGE: businesswire.com GEOGRAPHY: NEW YORK INTERNATIONAL ASIA PACIFIC INDUSTRY CODE: ENMED ENVIRONMENT GOVERNMENT AUTOMOTIVE Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. * end of story *