L&L Expands its Operations in Guizhou
SEATTLE, November 9, 2011. 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 China, announced today that it has established a new coal wholesale operation, Dashin L&L Coal Company and will hold a
grand opening ceremony for a new sales and operational office located in Hong Gou, Pan County, Guizhou. The grand opening for the Company’s new
office in Hong Gou will take place on Tuesday, November 16, 2011. Ceremonies will be led by L&L Chairman and CEO, Dickson Lee and L&L Director, Dr.
Syd Peng. Representatives from both the provincial and local county governments and local coal leaders from around the region will be in attendance.
L&L’s new Hong Gou office will act as a sales, marketing, and operational center in Guizhou and house L&L’s new DaShin coal wholesale operation.
Dashin L&L Coal Company is the third coal wholesale operation under L&L and its first in the Guizhou Province. With the approval from the government,
L&L is able to start developing additional coal storage space and growing its distribution network with this additional trading entity. The Company currently
owns and operates two wholesale businesses in the neighboring Yunnan province. Dickson Lee, Chairman and CEO of L&L commented, “Establishing
Dashin is an integral part of L&L’s expansion plans going forward. This new coal wholesale network in Guizhou will increase our visibility and assist with
future acquisitions. We are working with various partners in the region, as well as the government and local banks to finalize our acquisitions plans.” Lee
continued, “Currently the Guizhou Province is experiencing a shortage of coal supply and with the winter months ahead, it is expected to continue into
2012. With the consolidation policy in motion and coal supply under duress, L&L will continue to increase its foothold in both the Yunnan and Guizhou
provinces. It is expected that the Company is to generate substantial additional sales revenue from our newly opened operations.”
Investors, friends, and other interested parties are welcomed to participate in the grand opening events on Tuesday, November 16, 2011. Please contact
the Company in Seattle for further details.
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
L&L Energy, Inc.
SOURCE: L & L Energy, Inc.