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L & L International Holdings Announces First Quarter Financial Results With 19% Revenue Increase

 

SEATTLE, Sept. 15 /PRNewswire-FirstCall/ -- L&L International Holdings, Inc. (OTC Bulletin Board: LLFH) ("L&L"), yesterday announced financial results for the three months ended July 31, 2009.

Highlights for First Quarter Fiscal 2010 Financial Results:

  • Revenues increased approximately 19 percent quarter-over-quarter to $12.75 million
  • Net Income increased approximately 4 percent quarter-over-quarter to $2.69 million
  • Earnings of $0.126 per diluted share compared with $0.118 for same period last year

Although L&L acquired a 65 percent controlling interest in Hon Shen coal-washing facilities in mid-July, less than one month of sales were included in these quarterly results following the US accounting principles.

"This first quarter we were only able to report a part of our revenue capacity from our new coal-washing facilities of Hon Shen and DaPuAn," said Dickson Lee, CEO of L&L. "In the next quarter, L&L will show a full 3 months of operations from coal washing and results will be much more impressive as Hon Shen and DaPuAn have a combined annual capacity of over 500,000 tons."

To view the full report, visit the SEC or L&L's website.

About L & L International Holdings

Founded in 1995 and headquartered in Seattle, Washington, L&L International Holdings was formed to serve the vast energy market in China through the operation of coal mining, consolidation and distribution facilities. L&L trades under the symbol "LLFH," for more information visit the Company's website at http://www.lnlinternational.com.

Forward-Looking Statements

The statements contained in this press release that are not statements of historical fact, including, but not limited to, statements identified by the use of terms such as "believe," "estimate," "expect," and "plan", including statements related to expected market trends and L & L's future performance. All such statements are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, the Company's actual results could differ materially from those anticipated in these forward-looking statements. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

    Contact:

    At the Company:
    Dickson Lee
    L & L International Holdings, Inc.
    (206) 264-8065

    Investor Relations:
    Dave Gentry, RedChip Companies, Inc.
    (800) 733-2447, Ext. 104
    info@redchip.com

SOURCE L & L International Holdings, Inc.

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RELATED LINKS
http://www.lnlinternational.com

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