January 11, 2005
Largo Vista Begins Supplying Residential
LPG Pipeline
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Jan.
11, 2005--Largo Vista Group, Ltd. (OTCBB:LGOV - News) announced
today that they have opened the LPG (liquid petroleum gas)
supply lines to Project #2 in the Guizhou Province this month.
These 550+ households have been installed with western-type
gas amenities, and will be supplied with LPG by the company
under an exclusive 40-year contract. "Even though the homes
are already sold out, Project #2 has created a few challenges
for us. At one point, we decided to halt construction until
the government followed through with their contractual commitment," stated
Ms. Denise Deng, General Manager for Largo Vista Group China. "The
government projects have moved slower than our private developer
projects. This is evident since Project #5 is already under
construction and supply to Project #2 has just begun. All in
all, however, the 2005 year looks very promising for us with
the recent 300% stock price increase helping to ease the slow
pace of the government."
Largo Vista has been working with the Chinese
government in a 40 million-citizen province to switch from coal
and wood use to utilizing LPG. Largo Vista Group, Ltd. has six
residential pipeline projects under various stages from construction
to completion. All of the company pipelines can handle either
LPG or NG (natural gas). LGOVs management spearheaded the organization
of the first LPG association, Zunyi Gas Association, the members
of which helped standardize new guidelines for the LPG market
in that region. For more information about the company go to:
http://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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