Consistent with the trend in the past few quarters, LLEN's successful acquisitions made in FY10 and capacity expansions in the Company's coal washing facilities boosted quarterly results. Preliminary 1QFY11 results reveal revenues and earnings more than 3x higher than the year-ago period as the Company reaffirmed its full year guidance. On the conference call, management hinted that although they are continuing their due diligence on the potential acquisition of Shunda Mining Company, a China-based operator of two coal mines and a coal washing facility, LLEN may not complete the acquisition due to concerns about Shunda's safety record.
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L&L Energy is an integrated coal producer with operations in southern China. Third quarter revenues are up 280% year-over-year, and net income increased 440% over 3Q09. The Company is executing an aggressive growth strategy, as demonstrated by its three recent acquisitions, which are expected to contribute $62 million in annual revenues. The opening of a new coal washing facility and plans to increase capacity at existing facilities are further evidence of L&L’s ability to grow both organically and through acquisitions. Analysts have placed a $19.50 price target on LLEN, representing a potential return in excess of 100%.

Overview Formed to serve the vast energy needs of the Chinese market, L & L Energy, Inc. (“LLEN” or the “Company”), is a U.S.-based company focused on coalrelated businesses in China. The Company currently operates three profitable coal mines, three coal washing facilities, a coking coal facility, and a coal consolidation and wholesale business in Yunnan province, China. LLEN is headquartered in Seattle, Washington.

• Quarterly revenues increased by 280% year-over-year to $38.0 million in 3QFY10 up from $10.0 million in the same period last year.
• Quarterly net income increased by 441% year-over-year to $9.6 million in 3QFY10 up from $1.8 million in 3QFY09.
• China is the world’s largest producer and consumer of coal. 70% of China’s energy production comes from coal.
• On February 18, 2010, LLEN commenced trading on the NASDAQ Global Market. The uplisting has increased market visibility and improved liquidity for shareholders.