2010
09.03

LandStar Inc. (LDSR) Corporate Update

Wuhan, China, September 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”. Visit www.minamargroup.com/ice to learn more and www.stockbasher.com to 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 at http://www.minamargroup.com/updates.

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4 comments so far

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  1. but might take sometime!

  2. Word on the street is that there is a new and upgraded project coming our way!

  3. The prices are looking great today! If anyone is looking to invest I would say that right now is the best time.

  4. Waiting to see LDSR move forward as quickly as posiible !

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