Mina Mar Marketing – Blog & Announcements

WUHAN, China, Nov 09, 2009 /PRNewswire-FirstCall via COMTEX/ — Land Star, Inc. (LDSR) www.landstarcorp.com today issued guidance on its financial results and future plans.

“We are pleased to show that we closed approximately $8.6 million in contracts during the 3rd quarter and more than $27 million in the year to date,” said Lee Congtang, CEO and Chairman. “As you can readily understand, our sales are for large installations that take time to deliver, so the results for these contracts will show up in the future quarters.”

In interpreting its third quarter revenues, the Company noted that the Company can only report actual cash revenues under its accounting rules. While the actual bookings have been quite substantial lately, the results can only be reported after delivery as the Company is paid. “We expect deals revenue will start showing up over the next four to five quarters as the contracts as LDSR starts delivery of goods and services and is paid,” continued Mr. Congtang. “These per share results will be strong as we have enacted a non-dilution policy.”

The Company reports that it expects its audit will be completed soon, with no major issues encountered. When all audit work is completed, the Company will have SEC qualified statements and file for listing on the OTCBB. At this point, the Company intends to make presentations to broker-dealers and institutional investors. “We note that our technology is a unique technology and a major offering for reducing pollution from oil and gas. Just as we expect more major oil companies worldwide to take notice, we expect that as investors are greatly focused on green technology, we will have more and more investor interest once we are out of the Pink Sheets,” predicted Mr. Congtang.

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