LandStar Inc. (LDSR) Negotiates New Contract Possibilities with the Government of Foshan City

Jan 12, 2010, 12:33 ET from Land Star Inc.

BEIJING, Jan. 12 /PRNewswire-FirstCall/ - Landstar Inc.'s (LDSR; 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.

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