L & L Energy, Inc. (NasdaqGS: LLEN)
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L&L Energy on its Corporate Social Responsibility
7/5/2012 11:19:00 AM
SEATTLE, July 5, 2012 /PRNewswire/ -- L&L Energy, Inc. (LLEN) ("L&L" or "Company"), a Seattle-based company with a five-year track record of profitable coal operations in China, announced that it pursues corporate social responsibility and compliance with environmental protection policies, while executing its international business.
To such end, LLEN is pleased to note that its Weishe Mine, designated as a model mine in HeZhang County, has commenced various local initiatives as part of its corporate responsibilities and promotion of the Company's suitability as mining consolidator in Guizhou Province.
The local initiatives include priority local recruitment and training; priority local sourcing of supplies including lumber, brick, and food provisions; visits to senior citizens; provision of small stipends to the elderly; and support to high school graduates attending college. The Weishe Mine's operation is steadily expanding to over 130 workers at the present time.
Dickson Lee, Chairman and CEO of L&L comments: "Last week our managers of Weishe Mine enthusiastically made contributions to the ethnic minorities in the Guizhou Mountains. The social program builds strong relationships and trust, which facilitates our role as mining consolidator in China. In parallel, L&L is also mindful of its U.S. responsibility. We have provided to a Tukwila soup kitchen in Seattle, Washington, and donated funds to a U.S. based International Leadership Foundation (ILF) with scholarships for the U.S. college students. We will continue giving back to the communities as we move forward."
Photos of some recently charitable activities in Guizhou are available at L&L's website.
Disclosure: None of the profiles issued by RedChip Companies, Inc., constitutes a recommendation for any investor to purchase or sell any particular security or that any security is suitable for any investor. Any investor should determine whether a particular security is suitable based on the investor's objectives, other securities holdings, financial situation needs, and tax status. RedChip Companies, Inc., employees and affiliates may maintain positions and buy and sell the securities or options of the issuers mentioned herein. L & L Energy, Inc. (“LLEN”) is a client of RedChip Companies, Inc. and of RedChip Visibility, a division of RedChip Companies. On March 19, 2012, LLEN agreed to pay RedChip Companies Inc., 50,000 shares of common stock under Rule 144 and a monthly fee of $8,000 in cash for six (6) months of RedChip Visibility Program and investor relations services. RedChip Visibility Program services include the preparation of the equity research report(s). The equity research report(s) are prepared for informational purposes only and are paid for by the company portrayed in the report(s). Information contained in the equity research report(s) is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. The equity research report(s) are not a recommendation or a solicitation to purchase or sell any security, nor do they constitute investment advice. RedChip Companies, Inc., is currently engaged by this company to provide investor awareness services. Investor awareness services and programs are designed to help small-cap companies communicate their investment characteristics. These services may include investor conferences, digital and print distribution of LLEN investor-related materials, investor road shows and radio programming. Previously, on April 25, 2011, LLEN agreed to pay an affiliate of RedChip Companies, Inc., 12,500 shares of common stock under Rule 144 and a monthly fee of $6,500 in cash for twelve (12) months of investor relations services, with the option to terminate the agreement after six (6) months of service. On July 7, 2010, LLEN agreed to pay RedChip Companies, Inc., 15,000 shares of common stock under Rule 144 and a monthly fee of $8,000 in cash for twelve (12) months of RedChip Visibility Program and RedChip investor awareness services, with the option to terminate the agreement with RedChip after six (6) months of service. As of January 20, 2011, LLEN exercised its right to terminate its agreement with RedChip Companies, Inc., and RedChip Visibility. On July 7, 2009, L&L International Holdings, Inc. paid RedChip Visibility 35,000 shares of common stock under Rule 144 for the first six (6) months of investor awareness services and agreed to pay an additional 34,000 shares of common stock under Rule 144 for the second six (6) months of investor awareness services.