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LIT AMERICA TO OPEN TAIWAN OFFICE, VOGEL TELLS SENIOR DELEGATION FROM CHINA

 LIT AMERICA TO OPEN TAIWAN OFFICE,
 VOGEL TELLS SENIOR DELEGATION FROM CHINA
 CHICAGO, Aug. 21 /PRNewswire/ -- LIT America, Inc. (NASDAQ: GLDS), one of the nation's largest futures and options clearing firms, will open an office in Taiwan, it was announced by David Vogel, chairman and chief executive officer of LIT America.
 The announcement was made at an LIT reception here for a delegation from the Ministry of Materials and Equipment of the People's Republic of China. The delegation included 30 of China's most senior materials executives, including those responsible for the nation's ferrous, nonferrous and timber materials. The delegation's tour included visits to five U.S. cities. The group visited the Chicago Board of Trade and the Comex in New York.
 Vogel told the delegation that LIT's Taiwan branch "will be our window for our clients to do business in Asia as well as a window for our new Pacific Rim clients to enter and do business in the U.S." Vogel said the branch would be operational in 1993 and would serve customers in Taiwan and throughout Asia.
 Following the reception, the Chinese delegation toured LIT's offices at the CBOT and observed a demonstration of LIT's Globex facilities.
 LIT's Taiwan branch will provide a full range of services, Vogel said, including agricultural, metals and financial futures and options as well as stocks and stock options.
 -0- 8/21/92
 /CONTACT: Mark Greenberg of Ogilvy Adams & Rinehart, 212-557-0100, for LIT America, Inc./
 (GLDS) CO: LIT America, Inc ST: Illinois IN: SU:


LD -- NY004 -- 2015 08/21/92 09:00 EDT
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Publication:PR Newswire
Date:Aug 21, 1992
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