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Microcap & Penny Stocks : HITSGALORE.COM (HITT) -- Ignore unavailable to you. Want to Upgrade?

To: Q. who wrote (5120)	2/23/2000 5:53:00 PM
From: StockDung	Respond to of 7056

This one is interesting and mysterious Private Placement of China Continental Shares;Hedge Fund Takes Up Stake in China Continental HONG KONG, Feb. 2 /PRNewswire/ -- China Continental, Inc. (OTC Bulletin Board: CHCL) announced today that its Chairman, Mr. Harry H.H. Ho, has privately sold five million shares of China Continental to an offshore Hedge Fund in a block trade at an undisclosed price. The hedge fund involved is based in the Cayman Islands. The primary focus of the fund is to invest in publicly traded securities, especially US securities, seeking significant long-term appreciation. The fund identifies securities that are selling significantly below their "intrinsic value." "For the past five years, China Continental has had consistent, positive revenues and profitability. It also has a strong balance sheet with significant cash. Since the last quarter, the aggressive acquisitions by China Continental have positioned the Company as one with tremendous growth potential," the Hedge Fund spokesman commented. About China Continental Inc. China Continental Inc., traded on the Nasdaq market since 1995, is a holding company with over 10 years of experience in developing turnkey businesses. Core activities include supplying plastic manufacturing technology on a turnkey basis, high technology manufacturing techniques in primary industries, and developing and providing technologies in agricultural genetics and farming. To date, China Continental Inc. has completed over 70 turnkey projects, varying in size for different industrial processing sectors in China. The manufacturing arm of China Continental, Inc., Asia Continental Limited, is engaged in applying state-of-the-art technology to the manufacturing and distribution of chemical fiber related products and steel drums in China. In October 1999, Asia Continental Limited announced its intention to list on the Stock Exchange of Singapore. 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, "tremendous growth potential." 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, 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. CO: China Continental, Inc. ST: China IN: SU: 02/02/2000 15:03 EST prnewswire.com

To: Q. who wrote (5120)	2/24/2000 11:44:00 PM
From: Q.	Respond to of 7056

CHCL retracts two hype-filled news release headlines: 02/10/2000 15:08 China Continental in Discussion with PepsiCo on Mineral Water Production [PR Newswire, 649 words] and more: 02/14/2000 11:06 China Continental in Further Discussion With PepsiCo on Mineral Water Production [PR Newswire, 555 words] Hey, PepsiCo, that sounds like a big deal, doesn't it! Wow. But wait. They retracted it in a news release today: China Continental Clarifies Mineral Water Relationship HONG KONG, Feb. 24 /PRNewswire/ -- China Continental, Inc. (BB:CHCL) subsidiary, Dong Wu Bio Tech Farm, clarifies two previous press releases that were distributed on February 10th and the 14th. The releases stated it was "in discussions with PepsiCo's wholly owned subsidiary, Tricon Restaurants International." In fact, the discussions are with Tricon Restaurants International, the food operation that was spun off from PepsiCo, and not PepsiCo, Inc., on the proposed mineral water production plant in China.