March 02, 2004

Largo Vista Announces Completion of Second Pipeline Station In Zunyi, China; In Negotiations for Two More Pipelines

NEWPORT BEACH, Calif., March 2 /PRNewswire-FirstCall/ -- Largo Vista Group, Ltd. (OTC Bulletin Board: LGOV - News), (http://www.largovista.com) an international energy trading and service company with headquarters in the U.S. and offices in China and Vietnam, today announced that its second liquid petroleum gas (LPG) pipeline station supplying a residential complex in Zunyi, China, is complete. ADVERTISEMENT

Largo Vista said it is in negotiations to build two more pipeline projects in Zunyi, Projects 3 & 4, and enjoys the full support of the local government in this effort. "The first pipeline project built in Zunyi is now completely paid for, 100 percent sold out to more than 1,000 condominium owners, and Largo Vista now will be able to supply this development retail LPG for 40 years on an exclusive basis," said Mr. Li Chuming, the Company's Representative in China.

Mr. Li explained that while the first pipeline project is designed to be used by every condominium owner, only 40 percent of these units are currently occupied. "The lack of occupancy has kept Largo Vista from being profitable, but it is important to note that we are locked in to provide all these residences LPG for 40 years, which will mean significant income for the Company once all the buyers move into their new homes."

"We had a brief payment problem, and stopped construction on the second pipeline, but we are pleased that we resolved those issues," Mr. Li said. "City officials in Zunyi realize that LPG service means higher prestige and value for these residences, and we have won significant praise for this project as an affordable, environmentally sound alternative to the traditional use of coal or wood to cook and heat the home." Zunyi is in Guizhou Province with a population of more than 40 million people.

Largo Vista also announced that it will post on its Web site, http://www.largovista.com, a President's Letter bringing shareholders up-to-date on the Company's progress and business strategies. Largo Vista is headquartered in Newport Beach, Ca., with offices in Vietnam and China.

Forward-Looking Statements

Certain statements included herein may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company's actual results could differ materially from those anticipated in such forward-looking statements as a result of a number of factors. These risks and uncertainties, and certain other related factors, are discussed in the Company's Form 10-KSB, Form 10-QSB and other filings with the Securities and Exchange Commission. These forward-looking statements are made as of this date and the Company assumes no obligation to update such forward- looking statements. These risks and uncertainties, and certain other related factors, are discussed in the Company's Form 10-K, Form 10-Q and other filings with the Securities and Exchange Commission. These forward-looking statements are made as of the date of this release and the Company assumes no obligation to update such forward- looking statements.

Contact:
Largo Vista Group
Investor Relations, 949-252-2180

Source: Largo Vista Group, Ltd.

Return to News Releases Page