Largo Vista Announces It Has Signed Agent Agreement To Provide Business Services To Major Vietnam Construction Project
November 18 2003 - 9:11AM
PR Newswire (US)
Largo Vista Announces It Has Signed Agent Agreement To Provide
Business Services To Major Vietnam Construction Project NEWPORT
BEACH, Calif., Nov. 18 /PRNewswire-FirstCall/ -- Largo Vista Group,
Ltd. (BULLETIN BOARD: LGOV) , (http://www.largovista.com/) an
international energy trading and service company with headquarters
in the U.S. and offices in China and Vietnam, today announced it
has signed an agent agreement with the Consortium UEM Inc., West
Palm Beach, Fla., and Arrow Ecology Ltd., an environmental services
and wastewater treatment company headquartered in Haifa, Israel.
Largo Vista will provide specific business consultation services,
including research and analysis, so that the consortium can be one
of the most competitive candidates for the construction of a major
Petroleum Waste Treatment Plant in Vietnam. The Petro-Vietnam
project will supply a complete incinerating system and subsystem
for treating both wastewater and waste gas. This is the first
multi-million dollar petroleum waste treatment plant to be built in
Vietnam. There is much oil exploration in the country today, with
expectations for significant income from exporting crude oil.
Wastes from this industry will include oil and industrial wastes,
municipal solid and liquid wastes gathered from oil rigs, tankers,
processing plants and oil prospecting and exploring. Major
worldwide oil companies are involved in the effort. The Petroleum
Waste Treatment Plant will be located in the Vung Tau Province of
Vietnam. "We believe this is the first of many opportunities in
assisting to rebuild the infrastructure in Vietnam," said Danny
Nguyen, the Company's Chief Representative in Vietnam,
headquartered in Ho Chi Minh City. "There are many qualified
companies that have a commodity or a skill needed in Vietnam, but
they usually don't know how to meet the overall qualifications
required in the nation or how the business structure works. Our
knowledge of these elements are key strengths that will allow Largo
Vista to play a role in the development of Vietnam." Largo Vista
Group, Ltd. distributes liquid petroleum gas (LPG) in the Southwest
portion of China, providing its government with cost effective
energy that is an environmentally beneficial alternative to the
traditional use of coal and wood. The Company is headquartered in
Newport Beach, Ca., 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, 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-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. DATASOURCE: Largo Vista
Group, Ltd. CONTACT: Paul Knopick of E & E Communications,
+1-949-707-5365, for Largo Vista Group, Ltd. Web site:
http://www.largovista.com/
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