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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?


To: joepcf who wrote (14528)11/17/1999 1:00:00 PM
From: SSP  Read Replies (1) | Respond to of 150070
 
Well it's official, anything CHINA moves - they jumped on GCHC'E'



To: joepcf who wrote (14528)11/17/1999 1:16:00 PM
From: Mr Metals  Read Replies (1) | Respond to of 150070
 
Check out LGOV largovista.com
China and Oil stock both are Hot. NEWPORT
BEACH, Calif., Nov. 17 /PRNewswire/ -- Largo Vista Group
(OTC Bulletin Board: LGOV) the parent company for Kunming Xinmao Petrochemical
Industrial Co Ltd, a Chinese Liquid Petroleum Gas company, announced today an
agreement had been reached to enter into a joint venture with United Arab
Petroleum Corp. headquartered in Riyadh, Saudi Arabia. UAPC's core business
is retail petro stations and the trading of bunker fuels. The Company
represents a major portion of the wholesale business in the Arabian Gulf. The
joint venture objective is to develop a market for sale of petrochemicals in
the Pacific Rim under Largo Vista's Sino-Foreign JV licenses. The licenses
allow for the processing, retail, wholesale, import and export of crude oil.
President and CEO Daniel Mendez noted, "With this agreement the value of our
licenses is starting to show. A supply of crude from the gulf will allow
Largo to seek processing contracts from the central government to use Chinese
refineries to process gulf crude for export only. This move will effectively
bring down Largo Vista's LPG costs and complement its LPG operations. This
will position Xinmao as a major supplier of petroleum products in that region.
In effect the JV comprising of Largo Vista and UAPC believe it can offer very
low competitive prices in Condensate, Gasoline, Kerosene, Diesel Oil, Fuel
Oil, LPG and Aviation fuels to Indochina (Vietnam, Laos, and Kampuchea) and
compete with all major suppliers in that region. Largo, closing 1999 as a
reporting company will pursue acquisitions to increase it's LPG operations and
under it's Largo's goal is to become the largest LPG utility company in
China."
For further information call Investor relations at 949 252 2180 licenses,
secure contracts for sale of it's petroleum products into 2000.
SOURCE Largo Vista Group Ltd.
-0- 11/17/1999
/CONTACT: Largo Vista Group Ltd., Investor Relations, 949-252-2180/
(LGOV)
CO: Largo Vista Group Ltd.; Kunming Xinmao Petrochemical Industrial Co. Ltd.;
United Arab Petroleum Corp.
ST: California, China, Saudi Arabia
IN: OIL
SU: JVN
*** end of story ***

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