WUHAN, China, Feb. 24 /PRNewswire-FirstCall/ - LandStar Inc.'s (LDSR; http://www.landstarcorp.com) subsidiary Hubei Chuguan Industry Co., Ltd. signed an environmental protection contract with a builder in Wuhan.
Hubei Chuguan Industry Co. had closed a new contract in Wuhan with Weibao Real Estate Development Co., Ltd. Hubei Chuguan will assist the builder in developing environmental protection plan and solutions for the 'Sun and Moon Terrace Landscape' project. The Hubei Chuguan's Environmental Protection Project is worth 0.4 million USD.
Besides installation of oil and gas recovery technology to oil depots and gas stations, Hubei Chuguan also markets its technology for environmental protection services. With China shifting focus to habitat protection, the company plans to exploit this avenue of growth and also start focusing on civilian environmental protection market.
Mr. Lee Congtang, CEO and Chairman of LDSR, said, "We are glad to win the bid for this project, and we want to further explore this promising market. The environmental awareness grows across China, and with the modern technology public becomes more and more involved, sharing information about products and issues, asking for new solutions to emerging problems, and we all know that environmental protection is a large exclamation mark hanging over China today."
In other news and updates the company continues with its audit process as previously announced.
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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.
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