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Clarification of Clean Air Solution Sales for China.


Business Editors

VANCOUVER, B.C.--(BUSINESS WIRE)--Sept. 21, 2000

Golden Fortune Investments Limited (CDNX CDNX

See Canadian Venture Exchange (CDNX).
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)--The company wishes to confirm Sky Well (Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. ) Limited has committed to purchase 10,000 units of the Petro-Oxy2000(TM) for immediate delivery to China, resulting in $600,000 US revenue for Golden Fortune.

There are an estimated 100 million cars, trucks, motorbikes, and power generating engines in China, and the government has committed to spend billions of dollars to reduce air pollution. Sky Well estimates they can capture 5-10% of the market with the first 10,000 units targeted for major cities in China China is a geographical area encompassing multiple territories, under two states. You may be looking for:
  • List of cities in the People's Republic of China
  • List of cities and towns in Hong Kong
. Based on these estimates, Sky Well believes this will lead to a projected sales of 300,000 units annually valued at approximately $15 Million US per year to Golden Fortune.

Sky Well (Hong Kong) Limited has arranged meetings with government officials and automotive manufacturers to discuss incorporating the Petro-Oxy2000(TM) unit as part of the Original Equipment Manufacturing (OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and ). Management of Golden Fortune is heading to China in the first week of October for these meetings, as well as meetings with its Chinese partners on the progress of its internet related projects.

Golden Fortune Investments Limited 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. The company's primary objective is to become a provider of next generation technology solutions for China.

Projections are based on hypothesis and that there is a significant risk that actual results will vary, perhaps materially, from the results projected.

For further information regarding Golden Fortune Investments Limited and its ongoing corporate direction, please call toll free 877/688-2623, e-mail info@gfil.com or visit our web site: http://www.gfil.com.

On behalf of the Board of Directors

James Tong,

President

Golden Fortune Investments Limited

The Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX)  has neither approved nor disapproved of the contents of this news release.
COPYRIGHT 2000 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:8AUST
Date:Sep 21, 2000
Words:313
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