Data443 Risk Mitigation Inc (ATDS): Post Unavailable Additional Informati...

2future4u · 2009-08-31T16:22:59.3330000Z

NEWS OUT!!! LandStar, Inc. (LDSR:PK) Various Business Matters Update WUHAN, China, Aug 31, 2009 /PRNewswire-FirstCall via COMTEX/ -- LandStar Inc. (LDSR) www.landstarcorp.com operating subsidiary, Hubei Chuguan Industry Co. Ltd., through Mr. Lee Congtang, CEO, Chairman wishes to express its gratitude to a great successful Expo held in Toronto Canada on August 28, 2009. Mr. Lee Congtang said "This is a great event and we will definitely be back for the 2010 conference which I understand will be held early in the new year. I'm also advised that future plans of our corporate advisors and investor relations company (Mina Mar Group) are to host at least 2 of these similar events per year, and we intend to be there for every event. This, we see as a great way to connect with our shareholders, and network for other business. My primary reason to visit Toronto was to find out the details, and progress of our planned audit and up list to becoming an SEC reporting issuer and ultimately moving up to the OTCBB. I'm pleased to advise our followers that we have received a good word from a Toronto based SEC approved auditor on this matter. The Toronto based auditor was selected because of their affiliations or representatives they have in China which by all accounts should expedite this process. They have reviewed our preliminary financial documents, and we have been advised that they will require between 10 to 12 weeks to complete their task. We have set our targeted goals as the 1st quarter of 2010 to achieve the task of being an OTCBB issuer. I need not remind our long time LDSR shareholders that just 12 months ago LDSR was an issuer in distress and peril. Those days are now long behind us however worth reflecting back as to where we came from, and just how far we have come along. Although we are headed to OTCBB we are also advised that with our net revenues, audit, assets and new filings we will do, this may not be our final destination as there are other higher tiers available to us at that time. This will be our target for 2011. In other corporate updates, LDSR is an issuer with a partial beneficial rights to a $4 million dollar lawsuit against an Investorshub.Com entity for the various malicious, slanderous and misleading posts being made on their website, who with total disregard for International laws continue to broadcast various false and misleading information. We were advised that we can note the Defendant in default this week but the registrar of the court insisted that he will not do so because we have amended the claim and added parties. (Additional poster names, individuals and entities which we believe provide support to these posters were added to the complaint). That is the registrar's ruling; and he advises that the new amended claim be served on Investors Hub as well, again, before default judgment can be had. We believe that because this is a USA entity being sued in Canada who at first defended the claim and suddenly stopped and never showed up to court at the set date. The courts are affording the defendants a second chance, as this is a sizable claim with serious consequences. Even though the new amended claim makes no new allegations against this Investors Hub, the registrar will not take it under the rules, and requires service of the amended claim". More details to follow.