LandStar Inc. (LDSR) Creates Great Opportunities with Municipal Government

BEIJING, Feb. 1 /PRNewswire-FirstCall/ - LandStar Inc.'s (LDSR; http://www.landstarcorp.com) subsidiary Hubei Chuguan Industrial Co., Ltd. held a conference with the municipal government and created multi-million dollar opportunities for 2010.

Hubei Chuguan held a working conference with local government representatives on comprehensive management of oil and gas recovery in Zuhai City. The conference re-examined the plans for Environmental Protection Model City Zhuhai strives to become, and started implementing the country's current energy-saving and emissions reduction policies in the city.

The municipal government set up a Work Leading Group Office that will work on the "Program of Comprehensive Management of Oil and Gas Recovery in Zhuhai". The program will commence with testing, and prescribes that "the comprehensive management of oil and gas recovery in the city's existing gas stations, oil depots and tankers must be completed before September 30, 2010. Pollution inspection of all the oil storage facilities, gas stations, oil and gas tanker should be completed by the end of 2010." Oil and gas recovery treatment program will be submitted for the record within one month; the oil transport companies, storage companies must be put on files within two months. The enterprises, which fail to complete governance on time and fail to complete acceptance tests, will lose their operational license and emissions permissions and fail in annual review of operational qualifications, etc.

Marketing Director of Hubei Chuguan, Long Zegui, said, "This regulatory development creates tremendous opportunities for Hubei Chuguan. We worked long and hard and we have established a solid presence and a good working relationship with the municipal government in Zhuhai. This is a multi-million dollar opportunity and we helped the municipal government to forge it. Currently, there are 119 petrol filling stations, 101 oil tankers and 13 oil depots in the city. We expect many of these oil and gas recovery projects to come under our belt."

To receive future updates via email, including quarterly newsletters and company updates that may not be newsworthy, however important to the reader and followers of the company, please sign up today free 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, 1st Level Support Retail Clients General Inquiry, www.minamargroup.net (IR); For (M&A) and Corporate Matters, www.minamargroup.com

SOURCE Land Star Inc.

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED