October 04, 2004
Largo Vista Signs Contract to Develop Pipeline
``Project Five'' in China
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Oct.
4, 2004--Largo Vista Group, Ltd. (OTCBB:LGOV - News) announced
today that it has signed a contract with a local developer
in Zunyi, China to develop pipeline "Project Five" for liquid petroleum gas
(LPG). The project consists of approximately 1000 residential
homes that have already sold out. "We are very excited with
our progress this year," stated Ms. Denise Deng, General Manager
of LPG operations for Largo Vista Group, Ltd. in China. "We assume
that occupancy will be slow like our other projects, but in time
we will obtain full occupancy in the thousands and enjoy the
profits under our 40-year exclusive supply contract." She further
went on to say, "The use of LPG modernizes these residential
homes and increases the value of the project for both the developer
and the homeowner. Our pipelines call for the Price Supervision
Bureau to regulate charges with the end user, based upon our
cost/budget, which will act as a guarantee for the pipelines
to have a budget surplus."
Largo Vista's pipeline projects three and four are already approved,
but the final contracts have not been signed due to construction
schedules. The company has been getting inquiries for residential
LPG pipeline service from other provinces in both China and Vietnam.
LGOV provides China with environmentally friendly energy alternatives
and is the leader for residential LPG pipeline construction in
that region. The Guizhou Province has a population of over 40
million. Largo Vista Group, Ltd. has headquarters in the U.S.,
with offices in both China and Vietnam. www.largovista.com
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 their 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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