Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Mr Metals who wrote (6)	5/9/1999 11:29:00 AM
From: CIMA	Respond to of 95

THIS COULD BE HUGE: I'm still doing DD on this one but they look like like they are the first to have the technology to take old tires, break them down chemically, and make new tires from the old. The technology was developed in Mainland China and LDSR secured the North American rights. A plant is being constructed in Dayton, Ohio for short-run sample production right now. Rumors of big deals with Goodyear, Firestone, Uniroyal, etc: coming up. The stock appears cheap at these levels. I'll be speaking with management in the coming week and will have a better handle on things.

To: Mr Metals who wrote (6)	5/10/1999 11:02:00 PM
From: CIMA	Respond to of 95

Monday May 10, 7:52 pm Eastern Time Company Press Release Landstar Expands Technology License DAYTON, Ohio--(BUSINESS WIRE)--May 10, 1999 LandStar, Inc. (OTC BB:LDSR - news) announced today that through its subsidiary Rebound Rubber Corporation, LandStar has signed a Letter of Intent with the Guangzhou Research Institute for Utilization of Reclaimed Resources to form a Joint Venture for further research and development of recycled rubber technologies. LandStar expects that the combined forces of this new venture will significantly expand its proprietary rubber reactivation technology. The venture will concentrate on developing both new rubber compounds and the potential applications which can employ the technology. The 50/50 joint venture will have an initial ten year term with the right to renew. The agreement calls for the Institute to conduct advanced research, extending and further developing the waste rubber and latex technologies. LandStar shall have the exclusive responsibility for the implementation and marketing of the technologies worldwide. ''We are not just building a company, we are building an industry. We expect the commercialization of these unique technologies to create a new recycling industry wherein the compelling economics of the recycled product will substantially eliminate most of the current low value recycled rubber applications'' remarked Elroy Fimrite, President of LandStar. LandStar's mission is to become a significant raw materials supplier to the rubber and latex industries by providing a high quality, low cost, alternative source of material to manufacturers through the application of a unique and proprietary recycling technology. In addition to benefitting manufacturers, LandStar will use its clean, environmentally friendly technology to provide a more efficient and cost effective solution to the significant and ongoing waste problem which has developed through years of discarding used rubber and latex products including automobile tires, latex gloves and waste industrial rubber scrap. D. E. Fimrite President/Director LandStar, Inc. 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 harbor'' 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. These include, but are not limited to: the Company's ability to obtain adequate financing to further its current and future business strategies; the company's historical lack of profitability; the effects of business and economic conditions generally; and, other risks associated with a development stage company. 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., Dayton 250/475-6000 or toll-free 888/285-8355 corpof@ldsr.com --------------------------------------------------------------------------------