SOURCE: Landstar Development Group Corp.

Landstar Development Group Corp.

November 09, 2015 19:11 ET

Landstar Development Group's Board Approves Name Change and Reverse Stock Split

DESERT HOT SPRINGS, CA--(Marketwired - Nov 9, 2015) - Landstar Development Group's (OTC PINK: LSDC) board has approved a new name change. The board has approved a 30 -1 reverse stock split effective November 12, 2015.

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About Landstar Development Group Inc.

Landstar Development Group Corp., ("LSDC") is a holding Corporation that develops independent living, assisted living and memory center communities. Landstar Development Groups management are specialists in acquiring raw land and having it entitled for the appropriate use and then build the proposed project.

Forward-Looking Statement
Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.

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