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Microcap & Penny Stocks : LGOV - Largo Vista Group, Ltd. -- Ignore unavailable to you. Want to Upgrade?

To: jmhollen who wrote (4718)	9/18/1999 11:31:00 PM
From: jmhollen	Read Replies (1) \| Respond to of 7209

"...Plagiarized from the RB LGOV thread..." Weekly Stock Picks article Updated Friday September 17, 1999 Our Featured Recommendation For This Week Is: Largo Vista Group, LTD. (OTC BB LGOV) In the past six to eight months, gas/oil and utility stocks continued to increase significantly in share price. Due to the overwhelming success and renewed growing shareholder interest in this sector, we decided to probe into some OTC BB stocks with similar business models. One such company that peaked our curiosity and that we recently highlighted in our "Early Edition Briefs" was Largo Vista Group, LTD (OTCBB LGOV). Headquartered in Newport, California, this corporation through its several joint ventures and acquisitions has for several years been focusing and positioning itself to become China's leading Utility company with operations in market areas such as Liquid Petroleum Gas (LPG), Telecommunications, the Internet, e-commerce, Water Filtration, Fluid Analysis and Process Control. For a number of years China's structure of energy production and consumption was coal. In its place, oil, natural gas and hydropower soon structured the country's energy. In an effort to improve living conditions and provide environmentally friendly energy that could be used for cooking, heating, and electricity, China soon as with many nations around the world, would look towards Liquid Petroleum Gas to provide them with the solution. LPG consumption has increased throughout the world and as the word continues to spread throughout China, LPG use will continue to increase at a dramatic pace in a population that already stands at about 1.3 billion people. This of course allows Largo Vista to be at the forefront of this growing trend. Many United States companies have tried to enter China's economic sphere with little success but Kunming Xinmao Industrial Petrochemical Co., the parent company of Largo has been extremely helpful in avoiding such prejudices and obstacles. This Chinese parent company formed back in 1992 has been actively trying to create a solid presence throughout all of mainland China and due to China's grandfather clauses has wholesale and retail licenses and contracts that extend some 20 to 40 years. In fact, Xinmao is the only licensed importer and retailer throughout the region which makes Largo's delivery operations quite attractive to large utility companies. Sources close to the Company State that many high profile names such as Exxon, Mobile, BP Amoco and others would eventually have to negotiate with Largo in order to retail in China because of its 20 to 40 year exclusive contracts. It was further stated by these sources that investment banks are looking to place a value on the exclusive licenses. Xinmao has operated for over seven years without interruption of service and with the full support of the government should continue to maintain a strong foothold on this market. Difficulties for foreigners to enter into the Chinese market place holds true for the telecommunications industry as well. Although Beijing ended its ban on foreign ownership of telecommunications networks the Government still requires that only Chinese interests operate them. The only problem is that these current interests cannot handle the demand and have to eventually go elsewhere. Once again with the help of Xinmao, Largo Vista has entered into a memorandum of understanding to pursue a joint venture with a Chinese communications company for the purpose of developing a nation-wide telecommunications network linking low frequency bandwidths within mainland China. Other area projects that Largo has also taken on to help diversify its business model includes the Internet, water filtration systems, fluid analysis and using its pipelines, in addition to the Liquid Petroleum Gas, to supply water to the 1.3 billion people in China. In a recent press release issued on July 22, 1999, CEO and acting president Dan Mendez stated that Largo is currently working on becoming a fully reporting company and completing certain key alliances and mergers to help strengthen their position in China. In fact, the company submitted their 10K form to the Securities & Exchange Commission on August 26th, 1999 and than withdrew the papers. The reason for the withdrawal was due primarily to the differences in China's accounting practices as compared with the United States accepted accounting principles. Although the differences must be analyzed and translated,which is and has been very time consuming, the company is expecting the 10K to be completed within the next week or two. In fact the company's financials are rumored to be quite good. Once the forms are complete a windfall of press releases are expected to follow including the finalization of their merger with Xinmao. In an effort to attract many new investors, Dan Mendez stated that following the completion of the 10 k, Largo will than proceed to send out numerous letters to brokers, institutions and individuals across the globe. The letters will be very detailed and will describe many of the company's exciting new developments. It has been a long and winding road for Largo and its investors. As we know business relationships and trust could take numerous years to develop if at all. Largo has managed to do just that particularly in a Country that is wary of allowing outsiders to enter their economic domain. Due to all the exciting new developments, diversified business plan and incredible revenue potential fueled by China's enormous Population, we at "The WSP" feel Largo and its investors will soon see the light at the end of the tunnel. Recent Price: .099 cents More information can be located on Largo Vista's Website at largovista.com WEEKLYSTOCKPICKS, Inc., INTENT IS TO RESEARCH AND IDENTIFY COMPANIES THAT IT BELIEVES MIGHT PROVE TO BE PROFITABLE INVESTMENTS. WEEKLYSTOCKPICKS, Inc., IS NOT LIABLE FOR ANY INVESTMENT DECISIONS BY ITS READERS OR SUBSCRIBERS. ALL STATEMENTS OR EXPRESSIONS BY WEEKLYSTOCKPICKS, Inc., ARE NOT MEANT TO BE A SOLICITATION TO BUY, SELL OR HOLD SECURITIES NOR ARE WE PAID BY OTHER COMPANIES TO PROMOTE THE PURCHASE OF THEIR SHARES. IT IS HIGHLY RECOMMENDED YOU CONSULT A LICENSED FINANCIAL ADVISOR OR BROKER BEFORE ANY SECURITY PURCHASES.