SEATTLE, April 28 /PRNewswire-FirstCall/ -- L&L International Holdings, Inc., (BULLETIN BOARD: LLFH) , a company operating coal mines in the Yunnan Province of China, today announced its operational update and plans for coal mine expansions for the coming fiscal year, starting on May 1, 2009.
L&L plans to expand its coal production at three of its mines as follows: -- DuPuAn mine production will be expanded from 150,000 tons to 300,000 tons annually -- SuTsong mine production will be expanded from 90,000 tons to 150,000 tons annually -- L&L's new mine in Laos is expected to receive an official license, becoming operational by the end of 2009 with an estimated 200,000 tons of coal annually
Additionally, through its wholesale subsidiary, KunMing Coal (KMC), L&L expects to process 300,000 tons of coal supported by five other strategic mining partners for the new fiscal year.
In the fiscal year starting May 1, 2009, L&L sales target is $95 million, representing a significant increase in revenues over the current year. L&L total coal reserves are estimated at 87 million tons in four mines including DuPuAn; SuTsong; Laos; and Tian-Ri, which is still under exploration.
Already the world's largest consumer of coal, China's demand for coal is outstripping supply. The Chinese government, targeting a 7 percent GDP increase in 2009, has implemented an economic stimulus, creating strong coal demand for China's infrastructure expansion. With China currently importing coal to meet its demand, L&L has excellent opportunities to expand its coal production in the next 12 months.
About L&L International Holdings
Founded in 1995 and headquartered in Seattle, L&L focuses on the vast coal (energy) market in coal-rich Yunnan Province in China. For more information, visit the Company's website at http://www.lnlinternational.com/.
Forward-Looking Statements
The statements contained in this document that are not statements of historical fact, including but not limited to, statements using terms such as "anticipate," "believe,", "estimate," "expect," "intend," "may," "plan," "could," "should," and other expressions, including statements related to market trends and Company's future performance, are all "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. The actual results of the future events described in the forward-looking statements in this document could differ materially from those stated in the forward-looking statements due to numerous factors and other risks identified in filings made by the company filing with the Securities and Exchange Commission. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
Info: At the Company: L&L International Holdings, Inc. (206) 264-8065 http://www.lnlinternational.com/ Investor Relations: RedChip Companies, Inc. Dave Gentry (800) 733-2447, Ext. 104 info@redchip.com
L&L International Holdings, Inc.
CONTACT: L&L International Holdings, Inc., +1-206-264-8065; or investor
relations, Dave Gentry of RedChip Companies, Inc., 1-800-733-2447, ext. 104,
info@redchip.com, for L&L International Holding, Inc.
Web Site: http://www.lnlinternational.com/
