Land Star Inc. (LDSR) Competes for a BP Project and Merger Update

Jun 16, 2010, 14:29 ET from Land Star Inc.

WUHAN, China, June 16 /PRNewswire-FirstCall/ - Landstar Inc.'s (LDSR; subsidiary Hubei Chuguan Industrial Co., Ltd. announces that the company competes for an oil and gas recovery installation, while the management continues to seek ways to merge the two strong heavy industry merger candidates into LDSR.

GangFa BP, a large-scale venture enterprise, started a supplier competition for the delivery of goods and services for the depot's oil and gas recovery needs. GangFa BP (GF BP) uses a meticulous bidding model for its project competitions. As a leader in oil and gas recovery technology, Hubei Chuguan believes that it can offer a comprehensive set of products and services, and that the company stands in a good position to compete for the project. The companies had been negotiating and the business talks reached an advanced stage. If acquired, the GangFa BP contract for goods and services in oil and gas recovery technology should yield $500,000 USD for LDSR.

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SOURCE Land Star Inc.