Land Star Inc. (LDSR) $8.7 million USD Government Funding In China

WUHAN, China, April 6 /PRNewswire-FirstCall/ - Landstar Inc.'s (LDSR; http://www.landstarcorp.com) subsidiary Hubei Chuguan Industrial Co., Ltd. announces that the company applies for a government bond with the Wuhan Government.

As the Chinese government shifts its focus towards environmental issues, the Science and Technology Bureau of Wuhan took notice of Hubei Chuguan oil and gas recovery technology and projects. The Science and Technology Bureau of Wuhan City showed high appreciation for the company's oil and gas recovery projects and offered the possibility of government funding for the company's environmental projects. The Bureau entered Hubei Chuguan's information into the Wuhan Science and Technology Bureau information base and forwarded Hubeu Chuguan with the necessary forms to declare the company's relevant information for filing into the East Lake High-tech Development Zone catalogue.

When the Wuhan Science and Technology Bureau pass Hubei Chuguan's application, the government funding for Hubei Chuguan may reach 60 million RMB: 20 million RMB in fixed investment and 40 million RMB in working capital investment. The total of the Bond would translate into about $8.7 million USD.

Mr. Lee Congtang, CEO of Hubei Chuguan, said, "Good news does not get better than this. We are making excellent progress in the market on our own, but having Chinese government backing us in our projects raises our reputation, market place, and our the ability to acquire new projects and expand on the market. This funding would offer us a cutting edge market advantage for new opportunities and development. This bond will be secured by the subsidiary Hubei Chuguan Industrial Co., Ltd and not by LandStar. This event will not disturb LDSR' USA collateral in any form."

Founded in the 1990s, Hubei Chuguan Technology Co. manufactures Vapor Recovery Units for the Chinese petrochemical industry, minimizing petrochemical evaporation that occurs during the transfer of volatile petrochemical fluids. The company installs its own patented vapor recovery technology to storage terminals and filling stations. The company holds 5 patents and ISO9001 certification for its products, cooperating with Chinese oil giants such as PetroChina and Sinopec.

In other company news, the company management plans on updating its followers on the (pending three way merger) significant progress made during the share holder conference in Toronto April 9; after the market close. Details will be released shortly thereafter via regular news wire release.

The company reminds its shareholders and followers to monitor PinkSheets.com Filing section and also our IR company web site section "PRESS RELEASES AND FILINGS" TAB http://www.minamargroup.net/ for non newsworthy corporate updates.

For any matters relating to retail investor queries or to send the company or its IR a message please click on the "INVESTOR SUPPORT" TAB, or the direct link http://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 the company's email database for press releases, industry updates, and non-weekly activity in the company that may or may not be news released, please subscribe or opt in mailer at http://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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