RedChip Research Suspends Research Coverage on Longwei Petroleum

ORLANDO, Fla., January 3, 2013 – (GLOBE NEWSWIRE) – RedChip Research™, a division of RedChip Companies, Inc. (“RedChip”), today announced it has suspended research coverage on Longwei Petroleum Investment Holding Limited (NYSE MKT: LPH) (“Longwei”).

RedChip ResearchTM has suspended the investment rating and price target on Longwei until further notice, and the previous investment rating and price target are no longer in effect for Longwei and should not be relied upon. RedChip is terminating its contract with Longwei.