BEIJING, Jan. 12 /PRNewswire-FirstCall/ - Landstar Inc.'s (LDSR; http://www.landstarcorp.com) Mr. Long Zegui, Marketing Director of Hubei Chuguan Industrial Co. Ltd., Landstar Inc.'s main China based subsidiary, negotiated new contract possibilities with the local government representative of Foshan City, Guangdong Province.
Hubei Chuguan's Marketing Director negotiated further cooperation on oil and gas recovery units distribution with Mr. Li, Minister of Investment Center, Foshan City, Guangdong Province. Hubei Chuguan aims to develop oil and gas recovery market in Foshan in cooperation with Foshan Investment Center.
Mr. Long of Hubei Chuguan said "Foshan government places great importance on environmental protection in Foshan City and is extremely interested in our technology. However, there is a number of government departments involved in such an undertaking, and we need to address all of their concerns about our technology. We are trying to develop a comprehensive cooperative partnership with the Foshan's Investment Center for the city's benefit."
Further, Mr. Li of the Investment Center in Foshan City said that Mr. Chen, the Mayor of Foshan City, places a great importance on the environmental protection work in the city, and that Hubei Chuguan's technology might bring new environmental protection alternatives. Mr. Li Congtang, the Director of Hubei Chuguan, plans to meet with the Mayor to further discuss terms of the partnership between the Hubei Chuguan Co. and Fushan City.
In other company news, the company acknowledges that the planned China merger (see filing Pink Sheets Jan 8) Supplemental Information - China merger candidate LDSR current supplier is 1 of the 5 current suppliers to Hubei Chuguan's China operations which is seeking a merger with LDSR. Since that announcement and the filing a 2nd supplier expressed interest in a merger with LDSR which if successful would create a 3 way mega merger for LDSR. The company is seeking guidance from its advisors and will report back shortly.
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.
To receive future updates via email, including quarterly newsletters and company updates that may not be newsworthy, however important to the reader and followers of the company, please sign up today free at www.minamargroup.com/updates
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, (302) 357-9915 (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.