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To: SgtPepper who wrote (6915)	4/12/1999 8:37:00 AM
From: Mr. Fortune	Respond to of 13776

(PR NEWSWIRE) CHINA: Xinmao Forwards the Second Step Towards its Strategic CHINA: Xinmao Forwards the Second Step Towards its Strategic Marketing Expansion NEWPORT BEACH, Calif., April 12 /PRNewswire/ -- Largo Vista Group (OTC Bulletin Board: LGOV) announced today that Kunming Xinmao Petrochemical Industrial Co. Ltd., its subsidiary and also the largest profitable LPG retailer and pipeline construction company in the Yunnan Province (pop 40 million), has reached an agreement to acquire more than 51% of the equity of Guilin Municipal Guocheng Fuel Gas Pipelines Co. Ltd. located in the Guangxi Province (pop 45 million). Guocheng has been authorized to install pipelines for 10,000 Guilin city households. Terms of the agreement were not disclosed and are subject to approval of both entities. Daniel Mendez, the President of Largo Vista stated "This acquisition in the world's largest LPG market allows Xinmao to expand into 6 provinces as targeted, making us the largest LPG retailer South of the Yangzi River. By adding solid businesses and capable employees, Xinmao is focusing on acquisitions in fiscal 99 and new startup locations. As the millennium approaches, the biggest growth opportunities in our history are presenting themselves. We noted at our shareholders meeting that Xinmao is well on its way to become the largest LPG retailer in China. Our licenses to process and retail any by-products of crude oil are attracting many large energy companies that can only wholesale but not retail their products. We expect to file our first 10 K's approximately by July or earlier and start aggressive PR at that time. By government invitation we have sat in on a series of meetings to help establish new LPG regulations in China. This important invitation is a direct result of Xinmao's history of seven years of uninterrupted service, backed up by our insurance program that guarantees the quality, quantity, delivery and price of our LPG. Even with these positive developments, however, we are still very much aware of our shareholder's frustration with LGOV's depressed share price, and we apologize to them for the extra time it has taken to ensure the company's future. We still expect our shareholders to be amply rewarded." SOURCE Largo Vista Group LTD -0- 04/12/99 /CONTACT: Investor relations for Largo Vista Group LTD, 949-252-2180/ /Web site: largovista.com (LGOV) CO: Largo Vista Group LTD; Kunming Xinmao Petrochemical Industrial Co. Ltd. ST: California, China IN: CPR CHM SU: * end of story *