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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/