The Rosen Law Firm Announces That China Central Television ("CCTV") Has Corroborated Allegations Against Longwei Petroleum

The Rosen Law Firm Announces That China Central Television ("CCTV") Has
Corroborated Allegations Against Longwei Petroleum Investment Holding Limited
-- LPH

NEW YORK, Jan. 30, 2013 (GLOBE NEWSWIRE) -- The Rosen Law Firm announced that
on January 28, 2013, China Central Television ("CCTV"), the predominant
state-owned television network in the PRC, produced two news segments
corroborating GeoInvesting's report that Longwei Petroleum Investment Holding
Limited (NYSE:LPH) has been misrepresenting its true financial and business
condition.

CCTV confirmed that Longwei's facilities have long been idle, and that its
largest subsidiary reported revenue to Chinese tax authorities that is only a
tiny fraction of the revenue Longwei reported to the SEC. The CCTV segments
are available at: http://news.cntv.cn/2013/01/28/VIDE1359383612262518.shtml,
and http://news.cntv.cn/2013/01/28/VIDE1359383582111295.shtml.

The Rosen Law Firm filed the first class action lawsuit against Longwei to
recover investors' losses.

If you suffered a loss in Longwei stock, visit the website at
http://rosenlegal.com to join the class action.

If you wish to serve as lead plaintiff, you must move the Court no later than
March 5, 2013. A lead plaintiff is a representative party acting on behalf of
other class members in directing the litigation. You may contact Phillip Kim,
Esq. or Jonathan Horne, Esq., toll free at 866-767-3653 or via e-mail at
pkim@rosenlegal.com or jhorne@rosenlegal.com for more information.

The Rosen Law Firm represents investors throughout the globe, concentrating
its practice in securities class actions and shareholder derivative
litigation.

Attorney Advertising.Prior results do not guarantee a similar outcome.

CONTACT: Laurence Rosen, Esq.
         Phillip Kim, Esq.
         Jonathan Horne, Esq.
         The Rosen Law Firm P.A.
         275 Madison Avenue 34th Floor
         New York, New York 10016
         Tel:  (212) 686-1060
         Weekends Tel: (917) 562-8616
         Toll Free: 1-866-767-3653
         Fax: (212) 202-3827
         lrosen@rosenlegal.com
         pkim@rosenlegal.com
         jhorne@rosenlegal.com
         www.rosenlegal.com
 
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