LandStar Inc. (LDSR) Corporate Update
Wuhan, China (MMD Newswire) Sept 3, 2010 -- LandStar Inc.'s (LDSR; http://www.landstarcorp.com/) management would like to take this opportunity to update its followers and shareholders on various events and updates within the company.
The company's general business activities and sales continue on a day-to-day basis. The company is in the midst of signing additional contracts, including one in vapor recovery, and the Hubei Chuguan is doing well. Unfortunately, the same cannot be said for the share price. The company is using this opportunity to address the matter, and lay out LDSR's plans for the next three to six months.
To provide company followers with a backdrop: Several months ago, LDSR announced an amalgamation and merger with two Pink Sheets companies who have certain assets which were quite appealing to LDSR. As the company proceeded with completion of these amalgamations and mergers, these two companies were sanctioned by the U.S. authorities for certain filings which they had not completed since 2003. Simultaneously, LDSR's contract expired with its existing IR and MA firm, Mina Mar Group. LDSR used this opportunity to move to a Florida-based IR company, which offered a much better price, and promised a better service to our shareholders.
Unfortunately, LDSR did not receive the promised service from the Florida-based IR company, and shareholders made LDSR management aware that they were unhappy. Since then, the company has re-signed with Mina Mar Group as their IR company, and have requested that Mina Mar Group resume negotiations on their behalf with the two companies for amalgamation. The company chose to continue with these negotiations as the companies' assets still remain unaffected by the US sanctions. These amalgamations continue continue being appealing, to LDSR notwithstanding the sanctions by the U.S. authorities. On the other hand, the U.S. authorities actions did assist LDSR to receive a better price for the purchase of those assets (then would have been paid if these issuers had not been sanctioned)
In business, timing is everything, and LDSR management intends to capitalize on this and move forward as quickly as possible to bring the amalgamation to a successful completion.
More updates will be made available as they become available.
About Mina Mar Group:
Mina Mar Group, MMG offers full corporate services to public companies from filings, compliance and corporate governance matters. MMG pioneered the industry first "Go Public Free" program, the first OTC Markets firm to challenge the short sellers, stock bashers and repeal of the "Communication Decency Act". Visitwww.minamargroup.com/iceto learn more andwww.stockbasher.comto participate as a shareholder of the issuer.
Mina Mar Marketing Group, MMMG (www.minamargroup.net) offers publicly traded companies full array of services such as Investor Relations, maintenance and investor awareness.
To be included in company's email database for press releases, "Friday Tips", Monday Analysis industry updates, and various client companies activities and updates that may or may not be news worthy or news released, please subscribe for opt-in mailer athttp://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.
Investor Relations:
Tel: 1-647-426-1640;www.minamargroup.net/helpdesk, Investor Relations Department Inquiry,www.minamargroup.net(IR), for (M&A) and Corporate Matters,www.minamargroup.com
The company's general business activities and sales continue on a day-to-day basis. The company is in the midst of signing additional contracts, including one in vapor recovery, and the Hubei Chuguan is doing well. Unfortunately, the same cannot be said for the share price. The company is using this opportunity to address the matter, and lay out LDSR's plans for the next three to six months.
To provide company followers with a backdrop: Several months ago, LDSR announced an amalgamation and merger with two Pink Sheets companies who have certain assets which were quite appealing to LDSR. As the company proceeded with completion of these amalgamations and mergers, these two companies were sanctioned by the U.S. authorities for certain filings which they had not completed since 2003. Simultaneously, LDSR's contract expired with its existing IR and MA firm, Mina Mar Group. LDSR used this opportunity to move to a Florida-based IR company, which offered a much better price, and promised a better service to our shareholders.
Unfortunately, LDSR did not receive the promised service from the Florida-based IR company, and shareholders made LDSR management aware that they were unhappy. Since then, the company has re-signed with Mina Mar Group as their IR company, and have requested that Mina Mar Group resume negotiations on their behalf with the two companies for amalgamation. The company chose to continue with these negotiations as the companies' assets still remain unaffected by the US sanctions. These amalgamations continue continue being appealing, to LDSR notwithstanding the sanctions by the U.S. authorities. On the other hand, the U.S. authorities actions did assist LDSR to receive a better price for the purchase of those assets (then would have been paid if these issuers had not been sanctioned)
In business, timing is everything, and LDSR management intends to capitalize on this and move forward as quickly as possible to bring the amalgamation to a successful completion.
More updates will be made available as they become available.
About Mina Mar Group:
Mina Mar Group, MMG offers full corporate services to public companies from filings, compliance and corporate governance matters. MMG pioneered the industry first "Go Public Free" program, the first OTC Markets firm to challenge the short sellers, stock bashers and repeal of the "Communication Decency Act". Visitwww.minamargroup.com/iceto learn more andwww.stockbasher.comto participate as a shareholder of the issuer.
Mina Mar Marketing Group, MMMG (www.minamargroup.net) offers publicly traded companies full array of services such as Investor Relations, maintenance and investor awareness.
To be included in company's email database for press releases, "Friday Tips", Monday Analysis industry updates, and various client companies activities and updates that may or may not be news worthy or news released, please subscribe for opt-in mailer athttp://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.
Investor Relations:
Tel: 1-647-426-1640;www.minamargroup.net/helpdesk, Investor Relations Department Inquiry,www.minamargroup.net(IR), for (M&A) and Corporate Matters,www.minamargroup.com
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