SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders of Longwei Petroleum Investment Holding Ltd. of Upcoming Deadline --

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders of Longwei
Petroleum Investment Holding Ltd. of Upcoming Deadline -- LPH

NEW YORK, Feb. 1, 2013 (GLOBE NEWSWIRE) -- Pomerantz Grossman Hufford
Dahlstrom & Gross LLP has filed a class action lawsuit against Longwei
Petroleum Investment Holding Ltd. ("Longwei" or the "Company")(NYSE Amex:LPH)
and certain of its officers. The class action filed, in United States District
Court, Southern District of New York, and docketed under 13-Civ-278, is on
behalf of a class consisting of all persons or entities who purchased or
otherwise acquired securities of Longwei between October 13, 2009 and January
2, 2013, both dates inclusive (the "Class Period"). This class action seeks to
recover damages against the Company and certain of its officers and directors
as a result of alleged violations of the federal securities laws pursuant to
Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5
promulgated thereunder.

If you are a shareholder who purchased Longwei securities during the Class
Period, you have until March 5, 2013 to ask the Court to appoint you as Lead
Plaintiff for the class. A copy of the Complaint can be obtained at  To discuss this action, contact Robert S. Willoughby
at or 888.476.6529 (or 888.4-POMLAW), toll free, x237.
Those who inquire by e-mail are encouraged to include their mailing address
and telephone number.

Longwei is an energy company that, through its subsidiaries, is involved in
oil and gas operations in the People's Republic of China.The Company's
operations consist of transporting, marketing and selling finished petroleum

The Complaint alleges that throughout the Class Period, the Company made
materially false and misleading statements regarding the Company's business,
operational and compliance policies. Specifically, the Company made false
and/or misleading statements and/or failed to disclose that: (i) the Company
grossly inflated its November 2012 sales figures for at least two of its fuel
depot storage facilities; (ii) the Company failed to disclose a $32 million
investment in a tourism business made by Longwei's subsidiary, Shanxi Zhonghe
Energy Conversion Co., Ltd.; (iii) the Company failed to reflect on its
balance sheet a non-controlling interest owned by its Chief Executive Officer;
(iv) the Company improperly classified at least one subsidiary as a
non-operating subsidiary to avoid paying income taxes; (v) the Company lacked
adequate internal and financial controls; and (vi) as a result of the above,
the Company's financial statements were materially false and misleading at all
relevant times.

On January 3, 2013, published a report revealing, among other
things, that the Company inflated its November 2012 sales figures by several
hundred multiples for its fuel depot storage facilities in Taiyuan and Gujiao,
Shanxi Province.

On this news, Longwei stock declined $1.68 per share or nearly 73%, to close
at $0.6244 per share on January 3, 2013.

The Pomerantz Firm, with offices in New York, Chicago, and San Diego, is
acknowledged as one of the premier firms in the areas of corporate,
securities, and antitrust class litigation. Founded by the late Abraham L.
Pomerantz, known as the dean of the class action bar, the Pomerantz Firm
pioneered the field of securities class actions. Today, more than 70 years
later, the Pomerantz Firm continues in the tradition he established, fighting
for the rights of the victims of securities fraud, breaches of fiduciary duty,
and corporate misconduct. The Firm has recovered numerous multimillion-dollar
damages awards on behalf of class members. See

CONTACT: Robert S. Willoughby
         Pomerantz Grossman Hufford Dahlstrom & Gross LLP
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