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March 08, 2006
Largo Vista Completes LPG Pipeline ``Project
5'' In China
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--March
8, 2006--Largo Vista Group, Ltd. ("Largo Vista" or "the Company") (OTCBB:LGOV
- News) announced today it has completed construction of "Project
5," a pipeline project which will supply 994 residential homes
in a master planned community in Zunyi, China with liquefied
petroleum gas (LPG) service. Originally the plan was to build
16 buildings housing 1,067 residences. 15 buildings have been
completed which contain 994 residences. The developer is awaiting
government approval to proceed with the 16th building.
Largo Vista's agreement with the project's private developer
assures the Company is the exclusive LPG supplier for those households
for 40 years. New homeowners have already begun to move in.
"Project 5" is the fourth such project
to have been completed by the Company and brings the number
of households for which Largo Vista can provide LPG service
to 2,637.
"With the completion of Project 5, the Company has taken a significant
step towards its goal of becoming one of the major suppliers
of residential LPG pipeline service to the residents of Guizhou
Province," stated Ms. Denise Deng, General Manager of Jiahong
Gas Co., Largo Vista Group China operational entity. "We will
continue to work with residential developers to provide LPG pipeline
service to new homes."
LPG is an environmentally friendly alternative to coal and wood.
LPG is used by about 500 million people worldwide. As a form
of energy, it is considered a very clean and efficient fuel.
Largo Vista is working with the Chinese government in improving
the environment with alternatives to coal and wood use, a priority
for the nation.
Largo Vista provides China with environmentally friendly energy
alternatives and is the leader for residential LPG pipeline construction
in Guizhou Province region which has a population of over 40
million. Largo Vista Group, Ltd. is headquartered in the U.S.
with offices in China.
For pictures and more information go to www.Largovista.com.
Largo Vista makes written and oral statements
from time to time regarding its business and prospects, such
as projections of future performance, statements of management's
plans and objectives, forecasts of market trends, and other
matters that are forward-looking statements within the meaning
of Section 21E of the Securities Exchange Act of 1934, as amended.
Statements containing the words or phrases "will likely result," "are expected to," "will continue," "is
anticipated," "estimates," "projects," "believes," "expects," "anticipates," "intends," "target," "goal," "plans," "objective," "should" or
similar expressions identify forward-looking statements, which
may appear in documents, reports, filings with the Securities
and Exchange Commission, news releases, written or oral presentations
made by officers or other representatives made by Largo Vista
to analysts, stockholders, investors, news organizations and
others, and discussions with management and other representatives
of Largo Vista.
Largo Vista's future results, including results related to forward-looking
statements, involve a number of risks and uncertainties. No assurance
can be given that the results reflected in any forward-looking
statements will be achieved. Any forward-looking statement made
by or on behalf of Largo Vista speaks only as of the date on
which such statement is made. Largo Vista's forward-looking statements
are based upon assumptions that are sometimes based upon estimates,
data, communications and other information from suppliers, government
agencies and other sources that may be subject to revision. Except
as required by law, Largo Vista does not undertake any obligation
to update or keep current either (i) any forward-looking statement
to reflect events or circumstances arising after the date of
such statement, or (ii) the important factors that could cause
Largo Vista's future results to differ materially from historical
results or trends, results anticipated or planned by Largo Vista,
or which are reflected from time to time in any forward-looking
statement which may be made by or on behalf of Largo Vista.
Contact:
Largo Vista Group, Ltd.
Investor Relations, 949-252-2180
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