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Non-Tech : LDSR - LANDSTAR INC. -- Ignore unavailable to you. Want to Upgrade?

To: Mike Petriv who wrote (59)	12/23/1999 9:42:00 PM
From: Mike Perras	Read Replies (1) \| Respond to of 95

DAYTON, Ohio--(BUSINESS WIRE)--Dec. 22, 1999--LandStar Inc. (OTCBB: LDSR - news; www.ldsr.com) which owns an exclusive North American license to innovative rubber recycling technology, today announced that it has expedited plans to build a major production facility in the United States. Bolstered by positive testing results of its activated modified rubber production process on North American whole tire crumb rubber at its demonstration facility in Dayton, Ohio, the Company has initiated a site evaluation process. Company officers recently reviewed a potential site for the development of its first full-scale production facility in Riviera Beach, Florida and met with Mayor Michael Brown. The city of Riviera Beach has implemented an aggressive economic redevelopment program under the guidance and vision of the Mayor and City Council. Mayor Brown stated, ''With the high water table inherent in Florida, there must be a viable alternative to disposing of tires in landfills. Current disposal methods place a tremendous burden on Florida's environmental system. Brown continued, ''The LandStar technology provides an innovative solution to this enormous environmental problem and offers an economic opportunity for our community. We look forward to negotiating with LandStar to establish a large-scale activated rubber production facility in Riviera Beach. This facility would create a local low cost raw material source for rubber product manufacturers and for export.'' LandStar's President and Chief Operating Officer, Elroy Fimrite, stated, ''The combination of access to a deep sea port, rail and freeway linkages, and Mayor Brown's vision and commitment to a sensible structure for economic development makes Riviera Beach a serious contender for the Company's first major production facility.'' The Company has approved a private placement the proceeds of which will be applied to the Company's debt and provision of working capital for ongoing operations. The Company has received proceeds of $200,000 to date pursuant to this placement. LandStar's mission is to become a significant raw materials supplier to the North American rubber and latex product manufacturing industries through the application of its unique and proprietary recycling technology. On behalf of the Board of Directors D.E. Fimrite, President No Stock Exchange or Securities Commission has approved nor disapproved the statements in this release. Any statements that are not strictly historical are ''forward-looking statements'' made pursuant to the ''safe harbour'' provisions of the Private Securities Litigation Reform Act of 1995 and within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934. Although the Company believes that the expectations reflected in such forward- looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. These statements are subject to a number of risks and uncertainties that may affect actual events or results materially All such forward-looking statements, whether written or oral, and whether made by or on behalf of the company are expressly qualified by these cautionary statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof. Contact: Landstar, Inc. Terry Karpiuk, 888/285-8355 Email: ldsr@corpoff.com Website: www.ldsr.com or OTC Financial Network Richard McCaffrey, 781/ 444-6100 Ext. 14 Email: rick@otcfn.com