September 28, 2004

China/Energy: U.S. Company Negotiating Expansion of Pipeline Project

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Sept. 28, 2004--Largo Vista Group, Ltd. (OTCBB:LGOV - News), an International liquefied petroleum gas (LPG) service and trading company headquartered in the U.S. with offices in both China and Vietnam, announced today that it has entered into negotiations for the expansion of an existing LPG residential pipeline network. The project will be an addition to the second phase, a recently constructed residential LPG pipeline project that the company built and currently supplies in Zunyi, China (see website at http://www.largovista.com/). Each pipeline project is under an exclusive 40-year supply contract with LGOV. "What makes this event important," stated Ms. Denise Deng, General Manager of LPG operations for Largo Vista Group, Ltd. in China, "is that we did not expect a second phase of any pipeline so quickly, and, in this case, we intend to use our existing supply station, project two, for the expansion." She went on to say, "We have been experiencing momentum since the completion of projects one and two, and have attracted new business opportunities, plus we are in early negotiations for pipeline projects five, six and seven." Ms. Deng also stated, "Pipeline projects three and four are currently past the 'letter of intent phase' and the final agreement will be signed before long. Historically, the planned residential developments have sold out quickly, but with a slow occupancy rate. The positive side of a slow occupancy rate is that it gives us more time to focus on new projects, and, at least, they are locked into our service for 40 years."

Largo Vista Group, Ltd. is a leader in residential and industrial pipeline construction for the Guizhou Province, which has a population of 40 million. In 1996, LGOV operated the largest LPG retail operation in Southwest China. Due to unethical short filling tactics of local competitors, the company relocated the operations to Zunyi. While there, LGOV spearheaded the organization of the first LPG Association, which regulates and standardizes pricing, and protects the market from illegal short filling operators by enforcing fines and penalties. China is one of the world's fastest growing economies with 9.1% growth in 2003 and 7% targeted for 2004. Beijing has ordered the replacement of coal use to more environmentally-friendly alternatives. LPG is an affordable solution; NG (Natural Gas) is very limited.

The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including, without limitation, the Company's ability to produce and market products and or services and other risks detailed from time to time in the Company's reports with the Securities Exchange Commission.

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

Source: Largo Vista Group, Ltd.

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