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LGOV (OTCBB) Largo Vista Announces Completion of First Pipeline Project in China; Major Newspaper Hails It as Significant Environmental Achievement

TUESDAY , NOVEMBER 26, 2002 05:00 AM

NEWPORT BEACH, Calif., Nov 26, 2002 /PRNewswire-FirstCall via COMTEX/ -- Largo Vista Group, Ltd. (OTC Bulletin Board: LGOV), ( http://www.largovista.com ) an international energy company that provides to China environmentally friendly energy alternatives, today announced completion of the Zunyi, China, liquid petroleum gas (LPG) pipeline project, serving more than 1,000 condominiums of government employees in this large city in the Guizhou Province.

The Company said the completion is important for two key reasons. LPG is viewed by the Chinese as an affordable, environmentally sound alternative to the traditional use of coal or wood to cook and heat the home, and the Chinese government has made it a priority for the nation to improve its environment. Additionally, a home served with LPG is considered a better place to live and has higher prestige and value.

By completing this initial project, Largo Vista is now in the position to provide LPG to other residential complexes in Zunyi and elsewhere in the Province, which houses more than 40 million people.

The completion of the project was marked by a major ceremony, featuring top government and other officials, including Chuming Li, Largo Vista's General Manager of Zunyi operations. The Zunyi Evening Daily, the newspaper with the largest circulation in the city, said: "This is the first gas pipeline project providing clean fuel for the civilian residential complex in our region. It means that the city has taken a firm stance to reduce the harm from acid rains due to the use of coal and this will significantly enhance our environmental protection."

"We have now a major opening to take advantage of other pipeline opportunities in Zunyi and elsewhere in that province and we will move expeditiously on this," said Mr. Chuming Li.

For pictures and additional description of the ceremony, please visit http://www.largovista.com .

Largo Vista Group Ltd. ( http://www.largovista.com ) is an international energy company with emphasis on the distribution of liquid petroleum gas in Southern China, providing its government with an environmentally friendly, cost effective energy alternative to traditional use of coal and wood energy sources.

Forward-Looking Statements

Certain statements in this news release that relate to financial results, projections, future plans, events, or performance, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended and involve significant risks and uncertainties, including, but not limited to, the following: competition, cost of components, product concentration and risk of declining selling prices. 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-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.



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SOURCE Largo Vista Group Ltd.


CONTACT: Paul Knopick of E & E Communications, [phone], for
Largo Vista Group, Ltd.

URL: http://www.largovista.com
http://www.prnewswire.com



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