Clarification of Clean Air Solution Sales for China
21 September 2000
Clarification of Clean Air Solution Sales for China
VANCOUVER, B.C.--Sept. 21, 2000--Golden Fortune Investments Limited (CDNX:GFX)--The company wishes to confirm Sky Well (Hong Kong) 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. 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). 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 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 has neither approved nor disapproved of the contents of this news release.