Data443 Risk Mitigation Inc (ATDS)

[breezin_chs]

MMMG filing: LDSR Share Buyback Program

Source: MMMG
http://minamarmarketinggroup.helpserve.com/index.php?_m=news&_a=viewnews&newsid=150

Land Star Inc. (LDSR) Plans To Commence A Share Buyback Program

WUHAN, China, March 29, 2010 -- Landstar Inc.'s (LDSR; http://www.landstarcorp.com) announces that the company plans to proceed with a share buyback program shortly.

Mr. Lee Congtang, CEO, Chairman said “LDSR as a company have been concerned with the company's share price. We are on a cusp of a tri way merger as previously announced. We have no intentions of issuing multi billion shares in order to absorb these mergers. We see no other way to achieve our common goals without first shoring up our share structure. This is something that our consultants have been calling for the long time. We took note of some of the positive strides some of their other clients have had with a similar endeavor and we are convinced that now ahead of the tri way merger and the shareholder conference; that this is the right move at the right time.

We expect many of our skeptics to come out as they do with petty criticism and spreading doubt to novice and unsuspecting shareholders. With that in mind we would like to bring attention to our news release of Nov. 17, 2008. Many do not realize that LDSR holds interests in a lucrative mining venture. The following snippet from the Nov 2008 news release summarizes our position today.

Mr. Fowler the company spokesperson said, "Landstar management is extremely pleased to have this opportunity to close on the 1 million plus ton Colorado High Grade ore deposit. The early cash flow being generated from this project is beneficial to all concerned. The quality and quantity and the sheer size of the project has already produced some unsolicited interests from other mining companies who are monitoring our progress. I can also add that the company is entertaining this un solicited buyout proposal seriously, which has the potential to create a considerable instant profit opportunity for the company and all the shareholders”

Mr. Lee Congtang concluded “This project took a little longer to produce results then we anticipated, however it also produced results far greater than we had also anticipated as well. With the sale of this asset the share reduction would be substantial”

Neither the company nor its IR will comment on this topic further. The company will announce the exact numbers as soon as this is beneficially advantageous to itself and its shareholders.