American Southwest Holdings Inc. Signs Additional Memorandums of Understanding.Business Editors PHOENIX--(BUSINESS WIRE)--Oct. 3, 2000 American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of Southwest Southwest or south west is the ordinal direction halfway between south and west, the opposite of northeast. Southwest or south west may also refer to:
See OTC Bulletin Board (OTCBB). : ASWT), in keeping with its stated corporate policy, continues to expand its activities in China with the signing of two additional Memorandums of Understanding (M.O.U..), details of which appear below. Due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. is continuing on the various oil proposals the company has entered into. At this point, some of the proposals have been rejected on technical parameters; however, other of the proposals are at advanced stages of due diligence. -- The company has signed an M.O.U. with "Shaanxi High and New Technology Development Center." A joint venture company is to be formed to provide technology and funding to develop and refurbish oilfields belonging to ten counties in the Yan'an region of northern Shaanxi Province, China. The Yan'an region is a recognized oil-producing district and has the necessary infrastructure to support an expanding oil industry. This M.O.U. provides the company with a much expanded oil region to work upon. -- The importance of this M.O.U. is that it is in keeping with Beijing's stated policy to promote and develop additional industrial activity within the northwest areas of China. In addition to oil, the M.O.U. provides for the joint development of other mineral projects such as gold, copper and silver. Provision is also made for other non-mineral activities to include high technology investments. -- The company has signed an M.O.U. with "China National Packaging and Food Machinery Company" of Beijing, a subsidiary of China Machinery Industrial Group. A joint venture company is to be formed with the objective of developing projects in China, which will include machinery, electronic equipment and new technology products. The decision to admit China into the World Trade Organization demonstrates the importance of this M.O.U. to the company. China Machinery Industrial Group which is based in Beijing Beijing (bā-jĭng) or Peking (pē-kĭng, pā–), city (1994 est. urban pop. 6,093,300; 1994 est. total pop. 7,240,700), capital of the People's Republic of China. It is in central Hebei prov. is a large and respected Chinese Chinese, subfamily of the Sino-Tibetan family of languages (see Sino-Tibetan languages), which is also sometimes grouped with the Tai, or Thai, languages in a Sinitic subfamily of the Sino-Tibetan language stock. company with 3,000 factories throughout China. Alan Doyle Alan Thomas Doyle is one of the lead singers of Canadian Celtic band Great Big Sea. Born Alan Thomas Doyle, to Thomas and Regina Doyle in Petty Harbour, Newfoundland, Canada, on 17 May 1969, Doyle grew up surrounded by music. President and Chairman |
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