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

To: Evan who wrote (7080)	1/17/2001 9:05:13 AM
From: broke2	Read Replies (1) \| Respond to of 7209

Update from the website on the PR yesterday. Notice it is from Dow Jones. Singapore (Dow Jones) Press Release Tuesday, January 16, 2001 DJ US Largo Vista Group Leases LPG Depots In SW China SINGAPORE (Dow Jones)--US-based Largo Vista Group Ltd. (LGOV) has reached an agreement with Zunyi Commercial Transportation Petroleum & LPG Co., Ltd. to lease liquefied petroleum gas depots from the latter, Largo Vista said Tuesday. The five-year agreement with options gives Largo full control of the LPG depot stations, a filling workshop, railway platform bridge including pipelines, office facilities and dormitories. The depots, with storage capacities totaling 520 cubic meters, are currently handling 3,000 metric tons of LPG a year. Largo plans to double the volume in the next two years. The lease will cost Largo 720,000 yuan a year (US$1=CNY8.28), it said. A unit of PetroChina Co. Ltd., Zunyi Commercial Transportation Petroleum & LPG Co. is a major fuel supply company in Zunyi, a city in southwestern China's Guizhou province. The company plans to arrange similar leases in Guiyang, the capital city of Guizhou. This is Largo Vista's third LPG depot farm in China and it has with plans to assume control of six more in strategic locations in the country, said Daniel Mendez, Largo's president, without elaborating further. -By xu yihe, Dow Jones Newswires; 65-421-4815; yi-he.xu@dowjones.com (END) Dow Jones Newswires 16-01-01 0356GMT Copyright (c) 2000, Dow Jones & Company Inc