L&L Updates Investors on Recent Developments and Strategic Outlook
SEATTLE, January 17, 2012. L & L Energy, Inc. (Nasdaq: LLEN) (“L&L” or the “Company”), a U.S. based company since 1995
with coal mining and distribution businesses in southwest China, announced today it is concentrating greater efforts in the Guizhou
Province, specifically, on new acquisitions that will focus on larger mines, as well as newer mines that meet anticipated enhanced
safety and mechanization regulations . The Company will also explore geographical diversification from southwestern China by
looking at new coal resources in other provinces.
L&L recently signed two joint sales/marketing agreements with two giants; China Chengtong Metals Co. and Tianjin Fuhao Industrial
Co. Ltd to expand its wholesale operation in addition to its existing sales operations in South China. If fully executed, the agreements
collectively will generate approximately $US 300 million in revenues throughout 2012.
L&L also recently added Mr. Jingcai Yang as an advisor. He is a former senior executive from China Shenhua Group Corporation
Limited, the world largest coal producer and will assist the Company to explore coal sales on a national level. As an executive who ran
one of the largest surface mines in the world, Mr. Yang will also help the Company evaluate potential surface mines, which have
experienced fewer disruptions than underground mines.
The Company also recently signed an MOU with three newly built mines Guizhou and is in active negotiations to acquire all three.
Dr. Syd Peng commented, “What I learned from my recent extensive visit to inspect potential mine acquisitions is that the Company
should take advantage of the new availability of larger mines with stronger management teams as well as some new mines that meet
anticipated enhanced safety and mechanization regulations.”
Dickson Lee, Chairman and CEO added, “As a company with 16 years of experience in China we have consistently sought to take our
operations to the next level. Our partnerships with companies of CCMC and Tianjin Fuhao’s caliber have exposed us to many new
opportunities. We believe our vision and hard work have helped us to navigate this somewhat turbulent past year and we are
positioning ourselves to bring solid results to our shareholders.”
The statements contained words that are not historical fact, including statements related to Company's future performance, are all
"forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, and involve a number of risks
and uncertainties. Actual results of the future events described in this document could differ materially due to numerous factors and
other made by the company filing with the Securities and Exchange Commission. Other than as required under the securities laws, the
Company does not assume a duty to update these forward-looking statements
L&L Energy, Inc.
SOURCE: L & L Energy, Inc.