WUHAN, CHINA, Feb. 18 /PRNewswire-FirstCall/ - Landstar Inc.'s (LDSR; http://www.landstarcorp.com) subsidiary Hubei Chuguan Industrial Co., Ltd. announces that the company finalized a contract in Dongguan.
After a set of complex negotiations, the company finalized the deal with Dongguan Jinming business and Trade Development Co. Dongguan Jinming starts renovating its oil depot facilities and contracted Hubei Chuguan to install its VRUF-300-type oil and gas recovery units to capture and recycle the volatile organic compounds (VOCs) that would otherwise vent into the atmosphere. These compounds contribute to the formation of low-level ozone, a major air pollutant. The contract is worth about $500,000.00 USD in total.
Mr. Long Zegui, director of Marketing Department, said, "This is an excellent start of the new year. The negotiations with Dongguan oil depot had been exceptional. We've been in constant contact with the company's representatives and the company is eager to start the renovations soon. Again, this a great start of the New Year for Hubei Chuguan, and we expect the new year to bring much more good news for our investors."
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.
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.
Share this article