Longwei Petroleum Investment Holding to Present at the March 2010 RedChip New York Equities Growth Conference

TAIYUAN CITY, China, March 10 /PRNewswire-Asia-FirstCall/ -- Longwei Petroleum Investment Holding Ltd. (OTC Bulletin Board: LPIH; "Longwei" or the "Company"), a company who transports, markets and sells finished petroleum products in the People's Republic of China, today announced that Chief Financial Officer James Crane is scheduled to present at the 2010 RedChip New York Equities Growth Conference being held March 23-24 in New York City. The Company's presentation is scheduled for 10:30 a.m. EDT on Tuesday, March 23, 2010 at the NASDAQ Market Site (4 Times Square).

Mr. Crane will discuss Longwei's financial performance, guidance for the full fiscal year 2010 and fiscal 2011, and provide an operational update on the new oil depot at Gujiao City.

Company presentations will be webcast live via http://www.RedChip.com and archived for 90 days.

RedChip investor conferences are a nationally known forum for emerging growth companies to present their stories before hundreds of investment bankers, fund managers, institutional and accredited investors, and research analysts. For this event, RedChip brings together leading investors, market leaders, and high-growth companies for two full days of dynamic presentations and Q&A sessions by CEOs and executive teams.

For additional information or to schedule a one-on-one meeting with the Company at this event, please contact Jon Cunningham at 407-644-4256, Ext. 107, or email [email protected].

About Longwei Petroleum Investment Holding Limited

Longwei Petroleum Investment Holding, Limited (http://www.longweipetroleum.com) is an energy company that, through its subsidiaries, engages in oil and gas operations in the People's Republic of China ("PRC"). Oil and gas operations consist of transporting, marketing and selling finished petroleum products. The Company's headquarters and primary facilities are located in Taiyuan City, Shanxi Province ("Shanxi"). The Company's second facility is located in Gujiao, Shanxi. The Company purchases diesel, gasoline, fuel oil and kerosene (the "Products") from various petroleum refineries in the PRC. The Company is 1 of 3 licensed intermediaries in Taiyuan City and the sole licensed intermediary in Gujiao that operates its own large scale storage tanks. The Company has the necessary licenses to operate and sell Products not only in Shanxi but throughout the entire PRC. The Company's storage tanks have the largest storage capacity of any non- government operated entity in Shanxi. The Company seeks to earn profits by selling its Products at competitive prices to large-scale gas stations, coal plants, other power-supply customers and small, independent gas stations. The Company also earns revenue by acting as a purchasing agent for other intermediaries in Shanxi and through the sale of diesel and gasoline at gas stations located at each of the Company's facilities. The sales price and the cost basis of the Company's products are largely dependent on the price of crude oil. The price of crude oil is subject to fluctuation due to a variety of factors, all of which are beyond the Company's control.

About RedChip Companies, Inc.

RedChip Companies is an international, small-cap research and financial public relations firm headquartered in Orlando, Florida; with affiliate offices in Beijing, China; Paris, France; and Seoul, Korea. Since 1993, RedChip has been a source for small-cap research and investor awareness services for emerging growth companies, delivering concrete, measurable results for its clients through its extensive national and international network of small-cap institutional and retail investors. To learn more about RedChip's products and services please visit: http://www.redchip.com/visibility/productsandservices.asp .

    "Discovering Tomorrow's Blue Chips Today"(TM)

    For more information, please contact:

    Investor Relations:

     Dave Gentry
     RedChip Companies, Inc.
     Tel: +1-407-644-4256 x104

     Jon Cunningham
     RedChip Companies, Inc.
     Tel:   +1-407-644-4256 x107
     Email: [email protected]
     Web:   http://www.RedChip.com

     James Crane, Chief Financial Officer
     Longwei Petroleum Investment Holding Ltd.
     U.S.:   +1-617-699-6325
     P.R.C.: +86-186-0125-0891
     Web:    http://www.longweipetroleum.com

SOURCE Longwei Petroleum Investment Holding Limited