L & L Energy To Release Preliminary First Quarter Results Early Next Week
Company Clarifies Reason For S-1 Registration Statement
SEATTLE, Aug. 25 /PRNewswire-FirstCall/ -- L & L Energy, Inc. (Nasdaq: LLEN) ("L&L" or the "Company"), a U.S.-based company operating coal businesses in China, today announced that it will release preliminary first quarter financial results for the three months ending July 31, 2010, and will hold an earnings call on Tuesday, August 31, 2010.
Dickson Lee, Chairman and CEO, stated: "The recent drop in L&L's market capitalization is not reflective of the Company's strong fundamentals and future growth. I am very excited about our operational results, our growth strategy, and important near-term developments for the Company."
The Company would also like to dispel potential concerns regarding its recent S-1 registration statement which was filed on June 24, 2010. This S-1 statement is an amendment of the prior registration of private placements made in late 2009.
The Company does not plan to use the S-1 registration statement for additional equity financing. Given the strong balance sheets, L&L's management prefers to use debt instruments rather than S-1 equity shares for future funding.
About L & L Energy
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's China operations are headquartered in Kunming City of Yunnan Province, which operates three coal mines, three coal washing facilities, a coking facility, and a coal wholesale network in both Yunnan and Guizhou Provinces of China. Marketing offices are also located in Shenzhen and Guangzhou of Guangdou Province and Taipei, Taiwan.
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.
Contacts: |
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Investor Relations: |
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Dave Gentry |
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RedChip Companies, Inc. |
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(800)733-2447, Ext.104 |
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SOURCE L & L Energy, Inc.
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