August 11, 2004
Largo Vista Group Announces the First LPG
Association
NEWPORT BEACH, Calif., Aug. 11, 2004 (PRIMEZONE) -- Largo Vista
Group, Ltd. (OTCBB:LGOV) (WWW.Largovista.com), an international
liquefied petroleum gas (LPG) service and trading company, announced
that the Zunyi City Administration Bureau has accepted the organization
of the Zunyi Gas Association. Zunyi is located in the Guizhou
Province of China and has a population of 40 million.
Ms. Denise Deng, General Manager of LPG
operations for Largo Vista Group, Ltd. in China, states, "We
have made a hands-on effort to assist in establishing the Zunyi
Gas Association -- the first of its kind. With the help of
the Price Supervision Bureau, we will standardize and produce
guidelines with our members creating price and operation standards
in the region. These guidelines will stabilize pricing and
protect the LPG market from illegal and short-filling operators
by enforcing fines and penalties."
Largo Vista Group develops LPG pipeline networks for residential
users in new construction projects in China and is at the forefront
of this growing trend. LPG consumption has increased throughout
the world. China, with a population that stands over 1.3 billion,
has the world's largest LPG development opportunity.
Ms. Deng states, "Our plan is to create
improvements in civilian and local industrial energy distribution
by setting a new standard for other communities to follow.
We currently have two residential LPG pipeline projects completed
under 40 year exclusive supply contracts. One of these projects
has reached a 50% occupancy; the other is steadily growing
towards the same and both are 100% sold out. We have two other
LPG projects going to contract very soon and we are very busy
keeping up with preliminary talks on other potential LPG projects
with local governments and developers. We can see the potential
for over ten projects within the next 36 months in this region."
The company is headquartered in Newport Beach, California 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.
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