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


To: Bobby Berry who wrote (5150)12/6/1999 7:15:00 AM
From: Selfop  Read Replies (1) | Respond to of 7209
 
NICE WAKEUP NEWS
Sino-U.S. Venture: Moving Fast to Cash in on Pacific Rim
Petrochemical Sales

NEWPORT BEACH, Calif., Dec. 6 /PRNewswire/ -- Largo Vista Group (OTC Bulletin Board:
LGOV) 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
CONTACT: Largo Vista Group Investor Relations, 949-252-2180

All Headlines
Additional Headlines

PRN
12/06 06:00
Sino-U.S. Venture: Moving Fast to Cash in on Pacific Rim Petrochemical Sales

PRN
11/17 14:29
CORRECTION -- Largo Vista Group Ltd.

PRN
11/17 06:00
Subsidiary Kunming Xinmao, Pacific Rims New Petrochemical Supplie



To: Bobby Berry who wrote (5150)12/6/1999 1:05:00 PM
From: Evan  Read Replies (2) | Respond to of 7209
 
Bobby, the runup to .75 before really did not have any basis - no news, no nothing. I'm sure management was surprised with that. This time we have news to back the price increase. More to come, I hope for continued price appreciation.