Land Star (LDSR) 7.3 Million USD Contract Condensation Energy Technology Co
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WUHAN, China, Sept. 10 /PRNewswire-FirstCall/ - Land Star Inc. (LDSR) www.landstarcorp.com operating subsidiary, Hubei Chuguan Industry Co. Ltd., and Guangzhou North Condensation energy Technology Co., Ltd. Completed a sales and agent agreement. In accordance with the agreement, Guangzhou North Condensation Energy Technology Co., Ltd in Guangzhou will sell 200 sets of oil and gas vapor recovery processing equipment manufactured by Hubei Chuguan Industrial Co, Ltd. The VRUJ-5-type oil and gas recovery units are the pride and joy of LandStar and Hubei Chuguan Industry Co. Ltd primary workhorse. The units are industry leading edge and technologically far superior than anything else in the marketplace. With the oil and gas recovery comprehensive and management project, together with related Accessories, the total value of contract is about 50 million RMB Chinese yuan, about 7.3 Million USD source www.xe.com Mr Li, Congtang CEO of Chuguan said (SIC): "Although we run multiple projects now, we have enough resources to fill this order and execute this contract on time. We are lining up resources now, I am confident that it will only take couple of years to fully execute the contract and put all devices and facility in place per the contract." More updates will follow shortly. Safe Harbor Statement Information in this news release may contain statements about future expectations, plans, prospects or performance of LandStar, Inc. that constitute forward-looking statements for purposes of the safe harbor Provision's under the Private Securities Litigation Reform Act of 1995. The words or phrases can be," "expects," "may affect," "believed," "estimate," "project," and similar words and phrases are intended to identify such forward-looking statements. LandStar, Inc. cautions you that any forward-looking information provided by or on behalf of LandStar, Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. LandStar, Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond LandStar, Inc.'s control. In addition to those discussed in LandStar, Inc.'s press releases, public filings, and statements by LandStar, Inc.'s management, including, but not limited to, LandStar, Inc.'s estimate of the sufficiency of its existing capital resources, LandStar, Inc.'s ability to raise additional capital to fund future operations, LandStar, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities and, in identifying contracts which match LandStar, Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. LandStar, Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events. CONTACT: Contact www.minamargroup.com/helpdesk SOURCE Land Star Inc. Contact www.minamargroup.com/helpdesk
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