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L & L Energy, Inc. (NasdaqGS: LLEN) |
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L&L Energy Praised by Datang International 07/09/2012 6:00:00 AM SEATTLE, July 9, 2012 /PRNewswire/ -- L&L Energy, Inc. (NASDAQ: "LLEN") ("L&L" or "Company"), a Seattle-based company with a five-year track record of profitable coal operations in China, announced that executives from Datang International Power Generation Co's HeShan power plant ("Datang") visited L&L's Guizhou Province operations to thank L&L for its delivery of coal to support power plant operations. Datang is a leader in China's power generation industry. In February 2012, the Company expanded on its wholesale operations in Yunnan Province to Guizhou Province, after establishing an operational team and receiving a license to distribute coal. In March 2012, L&L completed Datang's vendor qualification process. In May 2012, L&L began coal distributions to its customers in Guizhou Province, and in June 2012, the Company completed its initial shipment to Datang, located in the neighboring Guangxi Province. On July 4, 2012, senior executives from Datang visited L&L's Guizhou operations. During the visit, they expressed satisfaction with the initial shipment of coal and discussed how to ramp up future shipments and other business co-operations. Datang is particularly interested in L&L's logistics network, including loading and storage abilities at its Shin PingBa railroad terminal. With limited rail capacity in the region, L&L's logistics network ensures timely deliveries to Datang and other customers. L&L's CEO, Dickson Lee, commented: "We have been working hard on the consolidation of our mining operations to ensure measured growth of our coal distribution business. We are encouraged by the Datang visit, which cement further of business relationship. To receive commendation and support from our customers is always appreciated, especially from Datang, a household name in China's utility industry." Contacts:L&L Energy Inc. (206)-264-8065 ir@llenergyinc.com
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RedChip Companies, Inc. 500 Winderley Place, Suite 100, Maitland, FL 32751, (800) 733-2447, Fax: (407) 644-0758, info@redchip.com 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.
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