Pro forma revenue estimated to be $40.9 million, up 75 percent year-over-year; earnings estimated at $9.8 million, up 604 percent year-over-year

SEATTLE, July 29 /PRNewswire-FirstCall/ -- L & L International Holdings, Inc. (OTC Bulletin Board: LLFH), a coal mining and distribution company operating in Yunnan Province of China, today announced its preliminary, unaudited financial results for the fiscal year ended April 30, 2009.

The following financial information for the fiscal year ended April 30, 2009 is preliminary, and subject to audit adjustments:

• Estimated revenues increased approximately 75% year-over-year on a pro forma basis, excluding $9 million sales of L&L's air compressor subsidiary operation which was spun off in January of 2009.
• The Company's increased coal sales in the period are result of two coal mines (DaPuAn Mine and SuTsong Mine), acquired in the current fiscal year.
• Disposition of LEK air compressor subsidiary allows the Company to focus on higher margin coal operations.
• Earnings from continuing coal operations in fiscal 2009 estimated to be $9.8 million or approximately $0.46 per share, an increase of 604% from the fiscal year ended April 30, 2008. If included the foreign exchange gain, L&L total comprehensive income would have reached $10.4 million this past year.
  

"We are extremely pleased with our strong sales and increasing earnings this past year," said Dickson Lee, Chairman and CEO of L&L. "We continue to see increasing sales and improving margins from our expansion."

Due to complexities of the acquisitions of two coal mines, and divestiture of the LEK subsidiary during the year, the Company will file a 15-day extension with the SEC that L&L does not expect to file its Form 10-K-- Annual Report by the applicable July 29, 2009 deadline.

All statements relating to the Company's year-end financial performance contained in this release are preliminary and subject to adjustments by independent auditors.

Revenue Adjustments of a Discontinued Operation

The Company's estimated sales exclude LEK air compressor operation, which was spun off in January of 2009. As a result, the LEK sales being treated as a Discontinued Operation, was adjusted for the financial presentation following the U.S. GAAP guidelines. Actual sales of the Company for the past years are higher than reported.

About L & L International Holdings

Founded in 1995 and headquartered in Seattle, Washington, L&L International Holdings serves the vast energy market in China through the operation of coal mining, consolidation and distribution facilities. Led by an experienced, multi-lingual management team, the Company owns and operates coal mines and coal wholesaler networks in China. See the Company's website at 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 "anticipate," "believe," "could," "estimate," "expect," "plan" "should," and other terms, including statements related to expected market trends and L & L International Holdings' performance. All such statements are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks 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 in these forward-looking statements as a result of various factors. Recipients of this document are cautioned to consider these risks and uncertainties and to not place undue reliance on 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:

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

SOURCE L & L International Holdings, Inc.

Back to top

RELATED LINKS
http://www.lnlinternational.com