Mina Mar Marketing – Blog & Announcements

BEIJING, Feb 02, 2010 /PRNewswire via COMTEX/ — LandStar Inc. (LDSR; http://www.landstarcorp.com) proudly announces the name of the second China-based merger candidate in company’s efforts to close its 4-way mega merger.

In Press Release on January 26, 2010, LDSR identified the first merger candidate as Hubei Sheng Di Vessel Manufacturing Co., Ltd., with market size about 10 times larger than whole of LDSR. With both merger negotiations progressing well, LDSR names the second targeted merger candidate: Wu Xin Stainless Steel Co., Ltd. This merger candidate shows gross annual revenues in range of $8 million USD and profits in range of $2 million USD. The company also demonstrates strong growth potential on Chinese heavy industry installations’ market. LDSR merger negotiations with Wu Xin Stainless Steel Co., Ltd. represent another significant event for LDSR, promising to bring exceptional value into the LDSR group holdings.

Mr. Lee Congtang, CEO and Chairman of LDSR, said, “Negotiations advance as scheduled. Assuming we finalize mergers with these strong industry players, our shareholders will soon see a fundamentally different LDSR company. We are still in talks with the USA company (see filings Pink Sheets) and they are not out of the loop. We’ll release their name as soon as the negotiations progress further. We are doing everything to finalize these mergers and restore the LDSR share price back where it belongs. We believe that everything happens for a reason. Our previous auditor resigned due to the harassing calls and threats made by anonymous callers and alias emails they received. This subsequently placed Hubei Chuguan industry CO.LTD audit on temporary back burner. This actually worked in our favor. Now, we are back on track with the audit. We intend to jointly (all 3 or possibly 4 companies) completed our audit and either complete the merger in LDSR and begin the process of up listing to OTCBB. Another option was presented to us is simply roll up all three audited companies into an existing OTCBB company. We wish to do whatever will give us and our shareholders the greatest return. We will examine and study all options before making that decision. An OTCBB company has been identified and is in a holding pattern for us awaiting the completion of the audit. I can assure our followers that this is being done as quickly as possible and is our top priority.”

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