China Trade Agreement Benefits Golden Fortune.VANCOUVER, British Columbia--(BUSINESS WIRE)--Nov. 17, 1999-- Golden Fortune Investments Limited, a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. on the Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :GFX GFX Graphic Effect(s) GFX Global Effects GFX Government Furnished Equipment GFX Graphics Driver GFX Graphics Link File GFX Geforce Fx GFX Graphic Effects ), is pleased to have recently entered into the option agreement with ChinaTech Trading Limited in order to complete Golden Fortune's "Project Gateway" Broadband Wireless See wireless broadband. Internet project in China. ChinaTech is expected to be arriving in China for meetings in early December in order to take the Project to the next step. Golden Fortune's management is also very pleased to have received news on November 15th, 1999 of China's signing of the agreement with The United States. "This Agreement between the United States and China is something that we knew would happen for years," said James Tong, President of Golden Fortune. "Now that it has, this is going to open the market and pave the way for every scope of business to enter China's market of 1.4 billion people." Golden Fortune's recent accomplishments further demonstrate the Company's abilities to perform and create viable projects in the PRC. The landmark agreement between the United States and China will lead to China's induction into the WTO See World Trade Organization. . China's economy is expected to become the second-largest economy in the world within 20 years. James Tong has been doing business in China for over 10 years. Many companies will require Chinese business experience like that held by Golden Fortune's management team to provide a conduit into the Chinese market. Golden Fortune Investments Limited also announced today that its Board of Directors has approved the forming of a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , "G.F Technology Development Inc," whose initial focus will be sourcing and developing leading technologies for the Chinese market. Golden Fortune Investments Limited (GFX) is a diversified company diversified company A company engaged in varied business operations not directly related to one another. A diversified company is less likely to suffer either a collapse or a spectacular gain in earnings compared with a firm concentrating its operations in a with interests in technology licensing agreements, and other investment holdings including mining. The company's primary objective is to create business opportunities in China. For further information regarding Golden Fortune Investments Limited and its ongoing corporate direction, please call toll free, 1-877-688-2623, e-mail info11@gfil.com or visit our web site: http://www.gfil.com. The Alberta Stock Exchange has neither approved nor disapproved of the contents of this news release. On behalf of the Board of Directors, James Tong, President Golden Fortune Investments Limited |
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