SEATTLE, June 15 /PRNewswire-FirstCall/ -- L & L Energy, Inc., ("L&L" or "the Company") (Nasdaq: LLEN), a U.S.-based company operating coal businesses in China, today announced that L&L has been added to the Russell 3000® Index according to a preliminary list of additions posted June 11, 2010 on Russell's website: www.russell.com.
CEO Dickson Lee stated, "We are very pleased to be included in the Russell 3000 Index. Our inclusion in this widely-referenced index will help increase our visibility to institutional investors. We feel the inclusion in the Russell 3000 Index is validation of our strategy which we will continue to expand on, to bring in sales and net profit in the future."
About The Russell 3000
The Russell Indexes are often referenced by institutional investors for index funds and are used as benchmarks for both passive and active investment strategies. Inclusion in the various Russell Indexes is determined by market capitalization.
The Russell 3000 Index is constructed to provide a comprehensive barometer of the broad market, to ensure new and growing equities are reflected.
About L & L Energy, Inc.
Founded in 1995 and headquartered in Seattle, L&L (http://www.LLEnergyInc.com) focuses on serving the vast energy needs of the Chinese market. L&L currently operates three profitable coal mines, two coal washing facilities, a coking coal facility, and a coal consolidation and wholesale business in the Yunnan and Guizhou Provinces of China.
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.
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SOURCE L & L Energy, Inc.