02.09
WUHAN, China, Feb 09, 2010 /PRNewswire via COMTEX/ — Landstar Inc.’s (LDSR; http://www.landstarcorp.com) subsidiary Hubei Chuguan Industrial Co., Ltd. met with the representatives of the Municipal Government of the Foshan City, Guangdong Province, to discuss the use of Hubei Chuguan technology across Foshan City.
Hubei Chuguan Director and the marketing team met with the Mayor of Foshan City to discuss possible cooperation between the Hubei Chuguan and Foshan City. The company presented its plan to the Mayor of Foshan and carried out a detailed discussion on the economic and ecological benefits of this oil and gas recovery technology for the city. The parties also discussed detailed cooperation issues of a possible contract. The Hubei Chuguan Director submitted a proposal for installation of Hubei Chuguan oil and recovery technology and infrastructure upgrades for the city, and the parties agreed to continue this dialogue in the near future.
Mr. Lee, the Director of Hubei Chuguan said, “Our talks with the Foshan Mayor went well and there is a great will for cooperation. We offer people outstanding opportunity to save money and save the planet one drop of oil at the time. Things are happening for Landstar Inc. and we are marching forward, because the opportunities for our technology in China are endless.”
Hubei Chuguan Industry Co. Ltd., a subsidiary of LandStar Inc., provides recycling solutions on settlement and reconstruction for oil and gas. With the technologies of Nippon Oil Corporation at its core, Hubei Chuguan Industry Co. Ltd. purchases parts and assembles these recycling units in China.
In other updates, as previously announced discussions for a four way merger with two separate China based companies is progressing rather well. Our representatives held a very productive and lengthy discussion with a USA Georgia State energy company. While the USA company is reviewing the proposal put forth by LDSR, LDSR management is also looking at various options available to either take the entire Georgia project under its wing or as a majority stakeholder. Mr. Lee, the Director of Hubei Chuguan and CEO of LDSR concluded “It appears that all four entities’ minds and heart are in this mega merger. Now the focus is on the logistics and operational matters and what LDSR will look like after this is all complete. As a company we remain committed to keep our followers advised and we intend to do so via news or Pink Sheets filings as soon as any material or substantial update becomes available.”
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
No Comment.
Add Your Comment