Corporate Social Responsibility | Business Wire | PR NewsWire | Marketwire | Realwire | ACN/JCN newswire | 247pressrelease | PRWeb

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

Posted : Mon, 09 Nov 2009 15:38:11 GMT
Author : Land Star Inc.
Category : Press Release
News Alerts by Email ( click here )
News | Home
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.
To receive future updates, via email including quarterly newsletters and company updates which may not be newsworthy however important to the reader and followers of the company please sign up today free at www.minamargroup.com/updates

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.

CONTACT: For any investor relations matters, please contact www.minamargroup.net/helpdesk; Investor Relations Department Inquiry,www.minamargroup.net (IR); For (M&A) and Corporate Matters, www.minamargroup.com

SOURCE Land Star Inc.

Copyright © 2008 PR Newswire. All rights reserved.

Share/Save/Bookmark

Article : Land Star, Inc. (LDSR) Comments on Third Quarter Results And Future Plans
Print this article
Share this article

Stay Updated

News gadget on your Google homepage
Subscribe to a news feed in Google Reader



Related News

Given Imaging Launches Next-Generation PillCam(R) COLON 2 at GASTRO 2009 Conference
YOQNEAM, ISRAEL -- 11/23/09 -- Given Imaging Ltd. (NASDAQ: GIVN), the global leader in capsule endoscopy, today announced the launch of its second-generation PillCam® COLON capsule at the Gastro 2009 Conference taking place in London. Like Gi..

RockBridge Update on BC Oil & Gas Properties Winter Program
VANCOUVER, BRITISH COLUMBIA -- 11/23/09 -- RockBridge Energy Inc. (RockBridge) (TSX VENTURE: RBE) announces that the operator of the Drake and Woodrush oil and gas properties in northern B.C., in which RockBridge has a working interest, has provide..

China Mobile Becomes First to Sell Dell Mini 3i Smart Phones
BEIJING - China Mobile will soon become the first mobile operator to sell the Mini 3i, a sleek and slim new multi-touch smart phone from Dell designed to leverage the power, flexibility and applications of China Mobile's new OPhone and Mobile Market platforms. Available in Red Passion and Oi

Gemalto in exclusive talks with XIRING to acquire XIRING’s banking activity
AMSTERDAM & SURESNES, France - Regulatory News: Gemalto (Euronext NL0000400653 - GTO), the world leader in digital security and XIRING, a leader in smart card based strong authentication solutions for e-banking and e-commerce, today announced that they have entered

Unified Communications Is Migrating to ‘The Cloud’, Says In-Stat
SCOTTSDALE, Ariz. - Unified communications is migrating to ‘the cloud’, as vendors begin positioning it as a service rather than a product, reports In-Stat (

Kudelski Group Pleased with Overwhelming Support for OpenTV Tender Offer
CHESEAUX, Switzerland - The Kudelski Group (SIX: KUD.VX) today announced the final extension of the previously announced subsequent offering period of its tender offer to acquire all outstanding Class A shares of OpenTV Corp. (NASDAQ: OPTV) not already owned by Kudelski or its subsidiaries f

AOL PREVIEWS NEW BRAND IDENTITY FOR ITS FUTURE AS AN INDEPENDENT CONTENT DRIVEN COMPANY
NEW Aol. BRAND EXPRESSES COMMITMENT TO STIMULATING CONTENT, OPENNESS AND INCLUSION AOL today previewed its new brand identity for its future as an independent company committed to creating the world's most simple and stimulating content and online experiences. The n...

Have your Say
Name
Email
Subject
Your Comment

Enter Verification code
 
  

 
Follow The Earth Times
Subscribe to RSS Follow Earth Times on TwitterNews by email
Share/Save/Bookmark
 
 



 
Subscribe to free Earthtimes
News Alerts by Email Click here
For RSS Feeds Click here
or Create your own RSS

Add to Google Toolbar
Breaking News
Press Releases

 


The Earth Times
News Category

© 2009 www.earthtimes.org, The Earth Times, All Rights Reserved | Privacy Policy
Earth Times accept no responsibility or liability either directly or indirectly for views or opinions expressed in articles or comments.