Released on: March 23, 2009, 6:28 am
Author: Mark Lee
BEIJING, Mar 20 Landstar Corp www.landstarcorp.com LDSR Hubai Chuguan Corporation, an operating subsidiary of the issuer Land Star Corp today after the market closed announced that it intends to begin filing documents with the SEC towards becoming a reporting issuer.
In other company news, Mark Li, CEO, President, Chairman of Land Star said “We wish to advise our shareholders that we are equally concerned about our share price and values that are reflected of our company. As previously announced we have filed our notice of intent on pink sheets (TAB under FILINGS) for our shareholders to view.
We are abandoning merger discussions with others, and are focusing on creating audited financial statements and doing registrations. We have retained corporate advisors to assist us in this task. Our plans for LDSR are to be quoted on the OTCBB. We are a strong healthy profitable company and at this level the market is just not indicating our true values by any stretch of the imagination. It is our hope that this plan of action will have some positive results on our share price.”
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