L&L Energy Responds to Short Seller Article
SEATTLE, September 19, 2013 – L& L Energy, Inc. (NASDAQ: "LLEN") ("L&L" or the "Company"), a U.S.-based company
with a track record of profitable energy (coal) operations in China, today responded to the GeoInvesting allegations made on
The Board of Directors of L&L Energy states that it is unaware of inaccuracy with respect to material facts or material omission
contained in its filings with the United States Securities and Exchange Commission. The Company further believes
GeoInvesting's report to be inaccurate and defamatory. GeoInvesting has disclosed its short position in L&L, and therefore
stands to realize significant gains by releasing this report, anticipating the Company's share price to decline.
Dickson Lee, Chairman and CEO, commented, “GeoInvesting has made false and misleading statements about the Company
in the past, while admitting they were actively shorting our stock. We were informed that there were unusually high put option
activities yesterday which are set to expire tomorrow. GeoInvesting has made no attempt to reach out to L&L to discuss or
verify any of these false allegations. We will exhaust our resources to respond and protect our shareholders, including
exploring filing formal complaints with the appropriate regulatory bodies.”
L&L's Independent Board Members are forming a special committee with counsel’s guidance to fully investigate these
About L&L Energy, Inc.
L&L Energy, Inc. (NASDAQ: LLEN) ("L&L Energy" or "the Company") is an American company engaged in producing,
processing and selling coal in the People’s Republic of China. Its vertically-integrated operations include mining, washing,
wholesale, and distribution. The Company is incorporated in the State of Nevada with its US corporate office located in Seattle,
Washington. L&L Energy’s China headquarters is located in Beijing with additional offices Kunming and Guiyan. L&L Energy is
a member of the American Coal Council, one of the country’s largest coal trade associations representing the business
interests of the American coal industry.
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 further information, please contact:
L&L Energy Inc.
Gary Dvorchak, CFA
Senior Vice President
U.S.: +1 (310) 954-1123
China: +86 (10) 6583-7528