Landstar Inc LDSR Shareholder Update
Hubei Chuguan Industry Co Ltd
–Filing-
BEIJING, China, Nov. 29 - Land Star Inc. (LDSR) (www.landstarcorp.com) The following filing
is a management discussion filing and not a news release. Its purpose is to update or keep the
company’s shareholders informed on the progress of activities with the company. Further to the
company news release on the pending mining merger with the China based Hubei Chuguan
Industry Co Ltd and the delays which stem from the company receiving an unsolicited merger
inquiry from an OTCBB company based out of Norwalk, CT the Land Star management
continues to explore the merger inquiry.
In summary, the OTCBB Company proposes to either merge with Landstar Inc and or complete
the transaction by a way of an asset sale of the China based Hubei Chuguan Industry Co Ltd. The
inquiry is subject to the satisfactory closing of the transaction between Landstar Inc and Hubei
Chuguan, and the consulting fees due to the facilitator agency.
In other corporate updates, the company has abandoned its aspirations to acquire Hydra Lift
Industries. The company continues to explore other mining opportunities throughout Americas
and the satisfactory completion of the Hubei Chuguan Industry Co Ltd transaction, and or the
satisfactory completion inquiry with the OTCBB company. The company is also seeking legal
advice as to the ways and means to share or split part or all of the OTCBB proceeds with its
current shareholder base.
The company fully expects to close the Hubei Chuguan Industry Co Ltd transaction with Land
Star shortly as previously announced or in the alternative to complete the transaction with the
Norwalk, CT based OTCBB listed company.
Safe Harbour 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.
