WUHAN, China, Feb. 19 /PRNewswire-FirstCall/ - Landstar Inc.'s (LDSR; http://www.landstarcorp.com) subsidiary Hubei Chuguan Industry Co., Ltd. brings attention to company filings, of even date where amongst other things the company posted its China patents on oil and gas recovery technology (Feb 19, 2010).
Hubei Chuguan Industry Co. Ltd. manufactures Vapor Recovery Units for the Chinese petrochemical industry, minimizing petrochemical evaporation that occurs during the transfer of volatile petrochemical fluids. The company holds 5 patents in total for its oil and gas recovery products, and installs its Vapor Recovery Technology to storage terminals and filling stations. The technology also received ISO9001 certification. Over the years, the company participated in over 1000 projects and cooperated with Chinese oil giants such as PetroChina and Sinopec.
Mr. Long Zegui, director of Marketing Department, said, "We want to provide our investors, shareholders and followers all the information we could, in an effort to maintain full transparency. Hubai is considered unique, environmentally friendly company in China and the Chinese oil and gas recovery industry. We play our strengths accordingly. We produce technology for China, with the technology developed in China. This is still a rare thing as the Chinese government only recently started to invest in China's R&D instead of purchasing the technology abroad. Hubai is considered to be slightly ahead of the curve."
In other company updates, the company recently announced that it is entertaining a four way mega merger with one USA based company and two China based companies (suppliers of Hubei, see filings Pink Sheets for details). As with any complex merger matters involving multiple corporations on two different continents this process takes time to begin to crystallize. We are pleased to report that we have overcome the major hurdles effecting the Georgia USA company with only the fine details remaining to be ratified; which the company does not foresee any obstacles. Our representatives are making arrangements to conduct in depth due diligence with the targeted USA company shortly. LDSR management had planned on finalizing the two China targeted companies first, and then focus all of its energy on the USA company; however it is obvious that the USA company has clearly taken the lead and things are progressing rather well, or better than LDSR had expected.
The company reminds our shareholders and followers to monitor PinkSheets.Com Filing Section and also our IR company web site section "CLIENT SUPPORT" TAB www.minamargroup.net or this direct link http://minamarmarketinggroup.helpserve.com/ for further updates on this and other business matters. Non-newsworthy events are not press released however posted on these two separate support sites to keep our followers advised of day-to-day events. For any matters relating to retail investor queries or to send us the company directly a message please click on the "INVESTOR SUPPORT" TAB or this direct link www.minamargroup.net/helpdesk.
Filings for this event are currently being reviewed and will be filed with Pink Sheets and Client Support Section in due course. To be included in company's email database for press releases, industry updates, and non-weekly activity at the company that may or may not be news released, please subscribe or opt in mailer 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 (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.
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