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Pastimes : Georgia Bard's Corner -- Ignore unavailable to you. Want to Upgrade?

To: Ga Bard who wrote (8042)	12/6/1999 7:42:00 AM
From: Jim Bishop	Read Replies (2) \| Respond to of 9440

NEWPORT BEACH, Calif., Dec. 6 /PRNewswire/ -- Largo Vista Group (OTC Bulletin Board: LGOV - news) parent company for one of China's largest Sino-Foreign Joint Venture LPG Utility company. Kunming Xinmao Petrochemical Industrial Co Ltd., announced today an agreement has been reached to deliver 20,000 Metric Tons of Diesel oil this December to Buyer, Mekong Petroleum Joint Venture Co. Ltd. (PETROMEKONG) Vietnam. Seller, United Arab Petroleum Corporation (UAPC) and JV partner Largo Vista Group Ltd. Largo Vista's CEO and President Daniel Mendez stated, ''We are on fast tract and see no slowing down into 2000. Our latest trip is bearing fruit very quickly and for a company that takes one step at a time, it's not unexpected. This contract is for over $3.3 million USD per month for our products and could increase once the relationship earns trust. The Joint Venture is in a promising position to close more contracts before the end of the year. We have been officially invited to bid December 17 on some very large contracts, which would cover the next year supply of petrochemicals for several large energy companies. Our competitive pricing along with 10 years of negotiation experience in the Pacific Rim, gives us the edge. These events could effectively bring down Xinmao's LPG costs in China and open opportunities to become a major LPG wholesaler. Xinmao's licenses give us the opportunity to bring this emerging market to the U.S.A. During due diligence, investors should take their time understanding Largo Vista's ''America's Gateway to China''; for example, Chinese government estimates LPG use in China will continue to increase at a dramatic pace and demand will not be met until 2010.'' SOURCE: Largo Vista Group