Land Star, Inc. (LDSR) Comments on Third Quarter Results And Future Plans

WUHAN, China, Nov. 9 /PRNewswire-FirstCall/ - Land Star, Inc. (LDSR) www.landstarcorp.com today issued guidance on its financial results and future plans.
"We are pleased to show that we closed approximately $8.6 million in contracts during the 3rd quarter and more than $27 million in the year to date," said Lee Congtang, CEO and Chairman. "As you can readily understand, our sales are for large installations that take time to deliver, so the results for these contracts will show up in the future quarters."
In interpreting its third quarter revenues, the Company noted that the Company can only report actual cash revenues under its accounting rules. While the actual bookings have been quite substantial lately, the results can only be reported after delivery as the Company is paid. "We expect deals revenue will start showing up over the next four to five quarters as the contracts as LDSR starts delivery of goods and services and is paid," continued Mr. Congtang. "These per share results will be strong as we have enacted a non-dilution policy."
The Company reports that it expects its audit will be completed soon, with no major issues encountered. When all audit work is completed, the Company will have SEC qualified statements and file for listing on the OTCBB. At this point, the Company intends to make presentations to broker-dealers and institutional investors. "We note that our technology is a unique technology and a major offering for reducing pollution from oil and gas. Just as we expect more major oil companies worldwide to take notice, we expect that as investors are greatly focused on green technology, we will have more and more investor interest once we are out of the Pink Sheets," predicted Mr. Congtang.
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Safe Harbor Statement

Information in this news release may contain statements about future expectations, plans, prospects or performance of Land Star Inc. that constitute forward-looking statements for purposes of the Safe Harbor Provisions 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. Land Star Inc. cautions you that any forward-looking information provided by or on behalf of Land Star 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. Land Star 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 Land Star Inc.'s control. In addition to those discussed in Land Star Inc.'s press releases, public filings, and statements by Land Star Inc.'s management, including, but not limited to, Land Star Inc.'s estimate of the sufficiency of its existing capital resources, Land Star Inc.'s ability to raise additional capital to fund future operations, Land Star Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Land Star 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. Land Star 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.

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SOURCE Land Star Inc.