BEIJING, Dec. 4 /PRNewswire-FirstCall/ - Land Star Inc. (LDSR) www.landstarcorp.com (The Company), today after the markets closed proudly announces that all of the legal agreements for Land Star to acquire Hubei Chuguan Industry Co. Ltd. (Hubei Chuguan) have now been signed by all parties and the reverse merger deal have been completed. The Company is looking forward to continued positive results in the year ahead as Land Star, Inc.
Mark Li, CEO, President, and Chairman of Land Star noted; "We had hoped to complete the legal paperwork a little earlier in the year. However, Hubei Chuguan has been a wholly owned operating subsidiary of Chuguan Co., Ltd., which is quite a substantial company, and as such, there was a process and protocols required in this transition process.
The Company has developed significant patented technologies to recover oil vapor during the transfer and storage of petrochemicals. The implementation of these technologies are standard operating procedure around the world, and there is strong demand to apply these techniques within the Chinese petrochemical infrastructure.
Importantly, because the proprietary technology was developed in-house, there is strong political support to roll Hubei Chuguan's products out across China's infrastructure.
The Company has products that span the gamut to meet the needs of oil refineries, storage tanks in dock areas, gas stations etc. Our goal is nothing less than to be a leader in the industry, providing complete solutions to recapture oil vapors, and ensure efficient and effective transfer of petrochemicals that are also cost-effective and minimize potential environmental damage during the transfer and storage of these volatile chemicals.
We have aggressive growth plans to build our gross revenues from the current $15 million USD range as we move forward into 2009, and we are very pleased to be working in concert with the Mina Mar Group, which has been instrumental in providing us access to North American capital markets."
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
Get the Facts Right. The issuer works hard to continue to keep our shareholders informed, and news is updated frequently via Press Releases, Pink Sheet filings (www.pinksheets.com), and updates to our websites. Other websites not sponsored, or recognized by the Company may provide misleading or disinformation to investors in order to manipulate trading patterns for a given stock. Always look for original content from trusted sources, rather than relying on 'excerpts' or discussion boards that may not give you the whole story. The Securities and Exchange Commission requires financial institutions or brokerage firms to provide their clients with documentation describing the risks of investing in penny stocks.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment