L&L Establishes First Clean Energy Partner In China
SEATTLE, Oct. 15, 2013
SEATTLE, Oct. 15, 2013 /PRNewswire/ --L & L Energy, Inc. (NASDAQ: "LLEN")
("L&L" or the Company"), a U.S.-based company with profitable energy (coal)
operations in China, and seeking to expand into China's clean and
environmental initiatives, is pleased to announce entry into an agreement with
WanYuan Environmental Protection Ltd. ("WanYuan") for broad based business
initiatives. WanYuan is a Chinese sewage treatment company with a track record
of over ten years of experience and processing capacity approximating 200
thousand tons per day. WanYuan seeks to expand into clean energy initiatives
while also raising its capacity to 500 thousand tons per day. L&L intends to
partner with WanYuan to assist their growth through a combination of access to
the China Low-Carbon Industry Investment Center ("CLCIIC"), western-style
management, and fund raising from Chinese banks and international sources.
Dickson Lee, Chief Executive Officer of L&L Energy Inc., commented, "L&L put
an early emphasis on coal washing, which has reduced sulfur and other
emissions in the regions we operate. We look forward to applying those same
principles with the CLCIIC project and WanYuan. As China continues to put more
emphasis on clean energy and renewables, we believe WanYuan'smodel for
leveraging China's need for renewable sewage facilities will be an attractive
opportunity for us and our partners moving forward. This is a strong but
measured first step in increasing our footprint in the industry and bringing
value to our CLCIIC relationship."
Haichao Wang, Chief Executive Officer of WanYuan, added, "L&L is the perfect
partner for us as we expand beyond environmental remediation and into cleaner
energy sources. L&L's business relationships and US expertise will enable
both companies to capitalize on exciting new market opportunities."
Caution Regarding Forward Looking Statements
The release contains statements related to Company's future performance and is
within the meaning of the Private Securities Litigation Reform Act of 1995.
These statements may involve uncertainties and actual results of the future
events described in this release could differ materially. Other than as
required under the securities laws, the Company does not assume a duty to
update these forward looking statements.
For more information, please contact:
L&L Energy, Inc.
+1 (206) 264-8065
Gary Dvorchak, CFA
Senior Vice President
U.S.: +1 (310) 954-1123
China: +86 (10) 6583-7528
SOURCE L & L Energy, Inc.
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