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To: Due Diligence who wrote (26609)	2/10/2000 1:34:00 PM
From: Bidder	Read Replies (1) \| Respond to of 150070

CHCL NEWS!!! Thursday February 10, 1:06 pm Eastern Time Company Press Release SOURCE: China Continental, Inc. China Continental in Discussion with PepsiCo on Mineral Water Production HONG KONG, Feb. 10 /PRNewswire/ -- China Continental, Inc. (OTC Bulletin Board: CHCL - news) subsidiary, Dong Wu Bio Tech Farm, announced today that it is in discussion with PepsiCo, Inc. on the possibility of setting up a mineral water production plant in China. ''We want to utilize the natural spring resource available in Doug Wu, with a prominent company in the business, to produce premium bottled and packaged mineral water that will set it apart from the domestic competitors in China,'' commented Mr. Harry H.H. Ho, Chairman of China Continental, Inc. ''In our health conscious society, this is a very exciting business opportunity.'' Dong Wu intends to produce and process the mineral water with highly sophisticated membrane techniques and modern equipment supplied by companies in the United States. The premium bottled mineral water produced is to be marketed and distributed in China, a significant market for this product, and international markets. Dong Wu Bio Tech Farm covers 406 square kilometers of farmland in the Inner Mongolia Province in China. It has a source of 5,000 metric tons of natural unpolluted mineral water per day. Tests were conducted by an internal research institute on the spring water. These tests have shown that, based on the mineral content in the proper balance for the human body, this water is of the highest quality that is known to be sold in China. About Doug Wu Bio Tech Farm Dong Wu is the largest agricultural genetic farm in China. It is primarily engaged in the development and sales of agricultural genetics and farming products. It currently has 30,000 goats and livestock. The farm has been valued by Vigers Hong Kong Limited, an international appraisal firm, at $350 million, based on the farm's future potential. About China Continental, Inc. China Continental, Inc., traded on the OTC Bulletin Board market since 1995, is a holding company with over ten years of experience in developing turnkey businesses. Core activities include supplying manufacturing technology on a turnkey basis, high technology manufacturing techniques in primary industries, and developing and providing technologies in agricultural genetics and farming. The Company's agricultural genetics and farming activities are centralized in the Inner Mongolia Province of China, covering an area of 406 square kilometers to commercialize its genetic techniques in breeding as well as propagating superior livestock and products in its own Research and Development Institute. Safe Harbor Statement Except for the historical statements made herein, the statements made in this release are forward-looking statements, including ''the possibility of setting up a mineral water production plant in China,'' ''very exciting business opportunity'' and ''significant market.'' Risk factors that could cause actual results to differ materially from those projected in forward-looking statements include, but are not limited to, the Company's ability to capitalize on diversification opportunities, government approvals, financing, general business conditions, managing growth, and political and other business risks. Although the Company believes that the forward-looking statements contained herein are reasonable, it can give no assurance that the Company's expectations are correct. All forward-looking statements are expressly qualified in their entirety by this Cautionary Statement and the risks and other factors detailed in the Company's reports filed with the Securities and Exchange Commission. SOURCE: China Continental, Inc. --------------------------------------------------------------------------------