Land Star Inc. (LDSR) Plans To Commence A Share Buyback Program

WUHAN, China, April 1 /PRNewswire-FirstCall/ - Land Star Inc.'s (LDSR; http://www.landstarcorp.com) announces that the company plans to proceed with a share buyback program shortly.

Mr. Lee Congtang, CEO, Chairman said "LDSR as a company have been concerned with the company's share price. We are on the cusp of a tri-way merger as previously announced. We have no intentions of issuing multi-billion shares in order to absorb these mergers. We see no other way to achieve our common goals without first shoring up our share structure. This is something that our consultants have been calling for a long time. We took note of some of the positive strides some of their other clients have had with a similar endeavor and we are convinced that now ahead of the tri-way merger and the shareholder conference, that this is the right move at the right time.

We expect many of our skeptics to come out as they do with petty criticism and spreading doubt to novice and unsuspecting shareholders. With that in mind we would like to bring attention to our news release of Nov. 17, 2008. Many do not realize that LDSR holds interests in a lucrative mining venture. The following snippet from the Nov 2008 news release summarizes our position today.

Mr. Fowler, the company spokesperson said, "Land Star management is extremely pleased to have this opportunity to close on the 1 million-plus ton Colorado High Grade ore deposit. The early cash flow being generated from this project is beneficial to all concerned. The quality and quantity and the sheer size of the project has already produced some unsolicited interests from other mining companies who are monitoring our progress. I can also add that the company is entertaining this unsolicited buyout proposal seriously, which has the potential to create a considerable instant profit opportunity for the company and all the shareholders."

Mr. Lee Congtang concluded "This project took a little longer to produce results then we anticipated, however it also produced results far greater than we had also anticipated as well. With the sale of this asset the share reduction would be substantial."

Neither the company nor its IR will comment on this topic further. The company will announce the exact numbers as soon as this is beneficially advantageous to itself and its shareholders.

The company reminds its shareholders and followers to monitor PinkSheets.com Filing section and also our IR company web site section "PRESS RELEASES AND FILINGS" TAB http://www.minamargroup.net/ for non newsworthy corporate updates.

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Safe Harbor Statement

Information in this news release may contain statements about future expectations, plans, prospects or performance of Land Star 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. Land Star Inc. cautions you that any forward-looking information provided by or on behalf of Land Star 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. Land Star 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 Land Star Inc.'s control. In addition to those discussed in Land Star Inc.'s press releases, public filings, and statements by Land Star Inc.'s management, including, but not limited to, Land Star Inc.'s estimate of the sufficiency of its existing capital resources, Land Star Inc.'s ability to raise additional capital to fund future operations, Land Star Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Land Star 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. Land Star 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, www.minamargroup.com

SOURCE Land Star Inc.