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LandStar Inc. (LDSR) Comes Closer to a Cooperation Deal in Zhuhai City

 

BEIJING, Dec. 4 /PRNewswire-FirstCall/ - Landstar Inc. (LDSR; http://www.landstarcorp.com) The company is pleased to provide this update to its shareholders and followers on various pending business matters. The company received a visit from representatives of Zhuhai Guo Ao Environmental Engineering Co. The representatives visited Hubei Chuguan Industrial Co. Ltd. in Wuhan to accelerate the cooperation between the two companies.

During the two-day visit, Mr. Guo Yan-ping, the Director of Zhuhai Guo Ao, along with other company representatives, scrutinized Hubei Chuguan Research and Development Center and the company's production capabilities in Wuhan. The representatives found the Hubei Chuguan's production highly effective, and held in high regard the company's approach and course of the technological research in oil and gas recovery technology. Mr. Guo Yan-ping said, "We are pleased with the results of our field inspection of the Hubei Chuguan's facility. Hubei Chuguan's technical ability and technological advantage on the oil and gas recovery technology impressed the whole team. I'm convinced that we can carry out our plan to cooperate with the Hubei Chuguan and market its oil and gas recovery for projects in Zhuhai City."

Zhuhai City plans to launch large-scale oil and gas recovery projects in the near future and Zhuhai Guo Ao Environmental Engineering Co. will lead the marketing of Hubei Chuguan Industrial Co.'s oil and gas recovery technology for these projects.

Hubei Chuguan Industry Co. Ltd., a subsidiary of LandStar Inc., provides recycling solutions on settlement and reconstruction for oil and gas. With the technologies of Nippon Oil Corporation at its core, Hubei Chuguan Industry Co. Ltd. purchases parts and assembles these recycling units in China.

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Safe Harbor Statement

Information in this news release may contain statements about future expectations, plans, prospects or performance of LandStar Inc. that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be", "expects", "may affect", "believed", "estimate", "project" and similar words and phrases are intended to identify such forward-looking statements. LandStar Inc. cautions you that any forward-looking information provided by or on behalf of LandStar Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. LandStar Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond LandStar Inc.'s control. In addition to those discussed in LandStar Inc.'s press releases, public filings, and statements by LandStar Inc.'s management, including, but not limited to, LandStar Inc.'s estimate of the sufficiency of its existing capital resources, LandStar Inc.'s ability to raise additional capital to fund future operations, LandStar Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match LandStar Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. LandStar Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.

CONTACT: For any investor relations matters, please contact www.minamargroup.net/helpdesk; Investor Relations Department, (IR), 1st Level Support Retail Clients General Inquiry, www.minamargroup.net (IR); For (M&A) and Corporate Matters, 1-800-365-4331, www.minamargroup.com

SOURCE Land Star Inc.

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