Land Star Inc. (LDSR) in Final Stages of the Dongguan Project

Jun 22, 2010, 07:42 ET from Land Star Inc.

WUHAN, China, June 22 /PRNewswire-FirstCall/ - Land Star Inc.'s (LDSR; subsidiary Hubei Chuguan Industrial Co., Ltd. updates its shareholders on the advances of the project commissioned by the Dongguan Jin Ming Trade Development Co., Ltd. (Press Release Feb. 18, 2010).

Dongguan Jin Ming Trade Development Co., Ltd contracted Hubei Chuguan to install its VRUF-300-type oil and gas recovery units to capture and recycle the volatile organic compounds (VOCs) that would otherwise vent into the atmosphere. The first advance payment of 720,000 RMB for the installation had been forwarded to Hubei Chuguan Industrial Co. Hubei Chuguan now entered the last stage of the installation. Hubei Chuguan engineers are currently reviewing the installation in order to meet the necessary technology and safety standards in the oil and gas recovery installations. Once completed, the company expects the full project revenue in $500,000 USD range.

Mr. Long Zegui, director of Marketing Department, stated, "We just started to market our oil recovery and environmental protection in Dongguan City. We acquired the Dongguan Jin Ming project at the beginning of the year and it represents an important pivotal project for Hubei in this metropolis of 7 million. Dongguan offers a great potential for our technology and we expect our marketing department to bring more fruit from this fertile ground."

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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.

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SOURCE Land Star Inc.