L&L's Board of Directors to Hold Strategic Planning Meeting
SEATTLE, Jan. 17, 2013
SEATTLE, Jan. 17, 2013 /PRNewswire/ --L&L Energy, Inc. (NASDAQ: "LLEN")
("L&L" or "Company"), a Seattle-based company with a track record of
profitable coal operations in China, announced that its Board of Directors
(the "Board") will meet in Sanya, Hainan Island, China on January 25, 2013 for
four days of strategic planning.
In the current fiscal year beginning May 1, 2012, L&L has demonstrated
material growth both in sales and earnings. As of the October 31, 2012, the
Company has seen four consecutive quarters of increased production, net income
and earnings per share, which was a result of the Company's efforts to upgrade
its mining portfolio and grow its wholesale segment. L&L increased business
with one of China's largest end users, Datang Power and expects sales to
steadily grow over 2013. The Company was also able to acquire two newly built
mines with 34.2 million tons of reserves.
As the Company begins 2013, the Board has called a strategic planning session
in China to asses L&L's expansion opportunities for the coming year. Over the
four days, Directors will discuss acquisitive and organic growth of L&L's
current operations in mining and wholesale, as well as additional
opportunities in Northern provinces, specifically L&L's expansion of its
Beijing operations. The Board will also focus on a potential dual listing in
Asia, as the Company's common stock may see stronger sponsorship among Asian
investors and financial market intermediaries. Last fall L&L shareholders
voted to give management and the Board discretion to explore dual listing
L&L's common stock on an exchange that would provide stronger valuations.
L&L's Chairman and CEO, Dickson Lee commented, "We have demonstrated our
ability to execute in the world's fastest growing economy and our robust
corporate ambition has provided many opportunities going forward. As my
resolve and passion has, and always will be for growth and shareholders
benefit, I called for this Board of Directors meeting to discuss these
opportunities in depth. I appreciate the Board's commitment and look forward
to four intensive and productive days. "
L&L Energy Inc.
SOURCE L & L Energy, Inc.
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