CHYANE YAN Enterprises Co., Ltd. Awards Billion Dollar Environmental Contract

10 June 1999

CHYANE YAN Enterprises Co., Ltd. Awards Billion Dollar Environmental Contract to Pan Kai Development `USA', Inc.

    TAIPEI, Taiwan--June 9, 1999--Chyane Yan Enterprises Co., Ltd. of Taiwan announces that it has awarded Pan Kai Development (USA), Inc. (OTC BB:PKDV) the exclusive contract for the manufacturing of the "Air/Combustion Enhancer Kit" (Pollution Prevention Devices), which are now mandated by law in Taiwan for use on every commercial and industrial diesel engine.
    Chyane Yan Enterprises Co., Ltd. owns the rights and the patent for the "Air/Combustion Enhancer Kit" after purchasing them from an American inventor. This device has been found to reduce emissions by up to 90% in the test diesel engines while increasing both power and fuel efficiency. After approval of the tests, the use of this "Air/Combustion Enhancer Kit" has been mandated by the Ministry of Environment of Taiwan, and will be subsidized by the state. Chyane Yan Enterprises Co., Ltd. received exclusive rights for the manufacturing and installation of these devices and will be paid by the Government of Taiwan the amount of NT$180,000 (Approx. $5,625 US Dollars) upon installation of each device. There are currently over 500,000 commercial and industrial diesel engines in use in Taiwan.
    A purchase order has been issued to Pan Kai Development (USA), Inc. (OTC BB:PKDV) for the manufacturing of 300,000 units over a three year period. Pan Kai Development (USA), Inc. (OTC BB:PKDV) will be paid NT$120,000 (Approx. $3,750 US Dollars) per unit, for a total of NT$36 Billion (Approx. $1.125 Billion US Dollars) for the entire purchase order.