LandStar Inc.'s (LDSR) Planned Tri Mega Merger

WUHAN, China, April 13 /PRNewswire-FirstCall/ - LandStar Inc. (LDSR; http://www.landstarcorp.com) update on the progress regarding the merger with two major China based Chemical and Container companies candidates.

Mr. Lee Congtang said, "Our managements have been in discussion for months now, trying to find the best way for this Tri Way merger to take place. The merger candidates are enormous in size. The LDSR share price (PPS) became the essential issue at this venue. Even with our buyback program, which still proceeds as we speak, we were not able to increase the PPS to the levels that would allow for a successful absorption of these larger merger candidates without a recapitalization that would throw LDSR out of whack. This is not what we want. We want a nice healty company with a good float. One merger candidate, market size is about 10 times larger than the whole of LDSR, and the other company shows gross annual revenues in range of $8 million USD and profits in range of $2 million USD.

Representatives of all three companies discussed their merger options for months now, and guided by our M&A advisor Mina Mar Group we see that the best option for this mega merger to arise successfully is for us to merge our candidates into two separate public shells, with LDSR becoming the main stakeholder of these companies. In other words, these two separate public companies would be subsidiaries to LDSR with their own subs.

Although it sounds complex, this is a fairly simple workflow. We have created a corporate topography chart and filed it with Pink Sheets. See Filing of even date Pre and Post Merger and Amalgamation Topography As Per News Of April 13 2010 or this link http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=30833

The merger candidates are eager to join the public market and conducting the merger in this way will secure the greatest return for both the companies and the shareholders.

Introduction news will follow on both of these companies and on the two separate public companies shortly. This Tri Way merger will see LDSR share structure remain undisturbed as all fees and costs are paid in cash.

Mr. Lee Congtang added, "LDSR and our China operating subsidiary Hubei Chuguan Technology Co. Ltd wish to use this opportunity to thank our IR and M&A company for hosting one of the best shareholder and business Expo conferences I and LDSR have ever had the pleasure of attending and participating in. I can safely say that many of the CEOs at the conference felt the same way and the added feel of being a in a candy store with all the potential merger companies being the candy. It was truly an exhilarating and profitable experience that will yield fruit for LDSR for a long time. We are extremely pleased to be that much closer to making this Tri Way merger possible, thus transforming LDSR into a large heavy industry conglomerate."

The Tri Way merger and amalgamation is expected to be finalized shortly.

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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.

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SOURCE Land Star Inc.