Land Star Inc. (LDSR) Competes for Two Projects in Zhongshan and Update on Projects in Progress
WUHAN, China, May 10 /PRNewswire-FirstCall/ - Landstar Inc.'s (LDSR; http://www.landstarcorp.com) subsidiary Hubei Chuguan Industrial Co., Ltd. announces that the company competes for two oil and gas recovery installations in Zhongshan City, while other company projects are well underway.
Zhongshan Guzhen Economic and Trade Office in Zhongshan City, declared competition for two (2) oil and gas recovery projects. The 2 gas station projects total 12 tanker sets with 48 gasoline-refueling guns. Hubei Chuguan submitted its project proposal and discussed the projects with the Trade Office representatives.
After initial meetings and project discussions, the Economic and Trade Office expressed a strong willingness to cooperate and use Hubei Chuguan technology in the oil and gas recovery project. The sides agreed to further negotiate detailed terms of the cooperation on the proposed projects.
In addition, the company informs its followers that Hubei Chuguan already started the reconstruction and implementation of its oil and gas recovery technology in the following projects: 1. Nanhai Huachuang Oil Depot in Foshan City 2. Shenwan Oil Depot in Zhongshan City, 3. Hengyuan Petroleum and Chemical Corporation in Jiangmen, 4. Changan Lotus gas stations in Dongguan, 5. Yingshun oil depot in Foshan city. All projects progress according to plan.
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.
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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.
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SOURCE Land Star Inc.
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