WUHAN, China, March 2 /PRNewswire-FirstCall/ - Land Star Inc.'s (LDSR; http://www.landstarcorp.com) subsidiary Hubei Chuguan Industry Co., Ltd. update shareholders on the company's 2009 revenues and profits.
With Fiscal Year ending on December 31st, LDSR announces that the company generated $1.89 million USD in Gross Revenues, with profits reaching $499.000 USD in 2009. The detailed financials will be posted on Pink Sheets the IR company web site section "CLIENT SUPPORT" TAB www.minamargroup.net or this direct link http://minamarmarketinggroup.helpserve.com/.
Mr. Lee Congtang, CEO and Chairman of LDSR, commented, "Anyone can see that we have become more efficient and profitable in 2009. We believe that 2010 will bring much more success for LDSR and our shareholders. The revenues reported on LDSR books is the actual cash received by the company and not the signed contracts and funds yet to be received. Those sums will be reported as they are collected. China's hunger for cars and oil will continue to fuel Hubei Chuguan's success. As we continue our super merger progress and new subsidiaries come onboard, we'll be soon looking at a fundamentally different LDSR. Hubei Sheng Di Vessel Manufacturing Co., Ltd., and Wu Xin Stainless Steel Co., Ltd., each generate profits much higher than Hubei Chuguan's Gross Revenues alone. Once merged, LDSR has no place to go but up from here, and we look forward to work hard and report to the markets and our followers promptly."
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.
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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 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.
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