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Gold/Mining/Energy : GFX.AL(Golden Fortune)China's Wireless Internet Connect. -- Ignore unavailable to you. Want to Upgrade?

To: Goldfort who wrote (13)	11/18/1999 1:17:00 PM
From: Goldfort	Read Replies (2) \| Respond to of 47

GOLDEN FORTUNE EXPANDS ITS CHINESE BUSINESS SCOPE November 18, 1999 - Golden Fortune Investments Limited, a publicly traded company on the Alberta Stock Exchange (ASE:GFX), is pleased to announce that its newly formed, wholly owned subsidiary, "G.F Technology Development Inc" has reached an agreement in principle to form a joint venture with Laikeman Industry and Trade Company Limited of Nanjing, China. Laikeman is a state owned company under the direction of Ministry of Trade with a mandate to import and adopt foreign technologies into the Chinese Marketplace. Laikeman is also registered with the China New High Technology Development Zone of Nanjing and has Government licensing to deal with a variety of technology products and services. This follows closely after ChinaTech's option agreement with Golden Fortune to develop its Wireless Internet project In China. The purpose of this J.V relationship is to manufacture and market, under license, leading international technologies into the 1.4 billion person Chinese marketplace. "This agreement is a very exciting opportunity", says James Tong, Golden Fortune's President. "This agreement could position us to capitalize on almost every aspect of the Chinese Technology marketplace as profitable sectors become available for foreign Investment. China's entry into the WTO could start to open these markets on an accelerated scale." One of the key areas of initial emphasis of the agreement will be directed at the vehicle emissions problem in China, which is currently receiving national attention. Cars are responsible for 80% of all carbon monoxide in China, and air quality standards on new cars are set at 1970's European standards. Certain Chinese cities such as Lanzhou and Shenyang have disappeared from satellite maps entirely as a result of their pollution levels and Beijing is now one of the 10 most polluted cities in the world. Currently, there are no emissions tests given in China. But recent Chinese support of reducing vehicle emissions is well documented by the Chinese Government's actions. As of Feb 12, 1999, China decided it will no longer tax investment in pollution control projects. Shortly thereafter, in April, China opened Chinese markets to U.S. environmental technology. Next year, Beijing will become the first Chinese city to enforce emissions standards on par with current European standards. The Company believes that all of China's existing 100 million vehicles will soon be subject to meeting these requirements and is positioning itself to fully capitalize on this opportunity. Golden Fortune Investments Limited (GFX) is a diversified company with interests in technology licensing agreements, and other investment holdings including mining. The company's primary objective is to create business opportunities in China. For further information regarding Golden Fortune Investments Limited and its ongoing corporate direction, please call toll free, 1-877-688-2623, E-mail: info11@gfil.com or visit our web site: gfil.com . On behalf of the Board of Directors, James Tong, President Golden Fortune Investments Limited The Alberta Stock Exchange has neither approved nor disapproved of the contents of this news release. Golden Fortune Investments Limited #298-1199 W. Pender St, Vancouver BC V6E 2R1 Toll Free: 1-877-688-2623 Website: www.gfil.com E-mail: info7@gfil.com *** Posted by Company ***