L & L Energy Announces New Chief Accounting Officer

SEATTLE, Sept. 15 /PRNewswire-FirstCall/ -- L & L Energy, Inc., (Nasdaq: LLEN) ("L&L" or the "Company"), a U.S.-based company since 1995 with coal mining and distribution businesses in China, announced today that Paul Cheng has joined the Company as Chief Accounting Officer (CAO), effective October 5, 2010.

Mr. Cheng has served in various executive financial management roles over the past 30 years with both public and private corporations in California's Silicon Valley. He brings to L&L considerable experience in SEC filings, Sarbanes-Oxley regulations, and GAAP compliance. Prior to joining L&L, Mr. Cheng served as Chief Financial Officer of Castelle, Inc., where he oversaw the company's financial strategy and was instrumental in successfully returning the company to profitability. Castelle, Inc. was placed in the top 1% of BusinessWeek's Micro-Cap Review in 2003.

Prior to his experience with Castelle, Mr. Cheng served as CAO of Cardima, Inc., where he implemented Sarbanes-Oxley compliance for internal controls. He also previously served as Vice President of Finance and Administration at Eclipse International, Inc. He is a member of the Association of Chartered Certified Accountants (ACCA) and holds a Bachelor of Science degree in Accounting.  

"We are excited to have Paul Cheng joining us as Chief Accounting Officer," said Dickson Lee, CPA, Chairman and CEO of L&L. "His experience as a senior executive in a number of U.S. companies listed on NASDAQ reinforces that L&L is an American company incorporated and headquartered in the US, which provides added security and accountability for shareholders who want to invest in the fast-growing China market. Paul brings a wealth of knowledge and experience to L&L and will assist us in continuing to meet all of the applicable legal and regulatory requirements we face."

About L & L Energy

L & L Energy (Nasdaq: LLEN) was founded in 1995, is headquartered in Seattle, and is engaged in coal mining, washing, coking and distribution in Yunnan and Guizhou Provinces. The Company has offices in Kunming, Shenzhen, Guangzhou, Hong Kong, and Taipei and produces thermal and metallurgical coals. During the fiscal year ended April 30, 2010, the Company achieved impressive revenue growth of 167% and net income growth of 230% over the previous fiscal year. In June 2010, L & L's stock was added to the Russell 3000® Index. For more information, see www.llenergyinc.com.

Forward-Looking Statements

The statements contained words that are not historical fact, including but not limited to, statements related to Company's future performance, are all "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, and involve a number of risks and uncertainties. Actual results of the future events described in this document could differ materially due to numerous factors and other made by the company filing with the Securities and Exchange Commission. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

SOURCE L & L Energy, Inc.