Press Release Source:
RedChip Companies Inc. On Wednesday January 27, 2010, 9:16 am EST
ORLANDO, Fla., Jan. 27, 2010
(GLOBE NEWSWIRE) -- RedChip Visibility, a division of RedChip Companies, Inc.,
today announced it has issued a research update on L&L Energy, Inc. (OTCBB:LLEN
- News),
a company operating profitable coal mines in China’s Yunnan Province.
Matthew Kantrowitz, analyst
for RedChip, reported:
“With a new corporate
name and a string of strategic acquisitions, L&L Energy Inc. has surpassed
RedChip estimates and expectations over the past few months.”
Kantrowitz continued:
“We were pleasantly surprised how quickly the Company was able to
integrate their new business lines while avoiding a significant drop in
margins. We were concerned about the Company’s new coal washing business
weighing down margins; however, following second quarter’s operating
results, it is clear that we were far too pessimistic.”
“We maintain our Buy
rating on LLEN shares and raise our twelve month price target to $13.00. We
view the recent acquisitions, the favorable state of the Chinese coal industry,
and the potential uplisting to the NASDAQ as positive factors that we believe
will serve to further share price appreciation,” concluded Kantrowitz.
To receive a complimentary copy of the RedChip
Visibility Research Report for L&L, please visit: http://www.redchip.com/about/aboutmain.asp?rid=215
To learn more about L&L
Energy, Inc. visit http://www.redchip.com/visibility/investor.asp?symbol=LLEN
About RedChip Companies,
Inc.
RedChip Companies is an
international, small-cap research and financial public relations firm
headquartered in Orlando, Florida; with affiliate offices in Qingdao, China;
Paris, and San Diego. RedChip delivers concrete, measurable results for its
clients through its extensive national and international network of small-cap
institutional and retail investors. RedChip has developed the most
comprehensive platform of products and services for small-cap companies,
including: RedChip Research™, Traditional Investor Relations, Digital
Investor Relations, Institutional and Retail Conferences, RedChip Small-Cap
TV™, Shareholder Intelligence, Social Media and Blogging Services,
Webcasts, and RedChip Radio™. To learn more about RedChip's products and
services please visit: http://www.redchip.com/visibility/productsandservices.asp.
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Tomorrow’s Blue Chips Today”™
The RedChip Companies, Inc.
logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=2761
Disclosure
The analysts contributing to
this report do not hold any shares of L&L Energy, Inc. (LLEN). RedChip
certifies that no part of the analysts' compensation was, is, or will be,
directly or indirectly, related to the specific recommendation or views expressed
by the analyst in the report. The equity research report(s) are not a
recommendation of a solicitation to purchase or sell any security, nor do they
constitute investment advice. LLEN is a client of RedChip Companies, Inc. and
of RedChip Visibility, a division of RedChip Companies. LLEN paid RedChip
Visibility, a division of RedChip Companies, Inc., thirty thousand shares of
free-trading common stock for RedChip Visibility Program services, which
includes the preparation of the equity research reports. Information contained
in the research reports is obtained from sources believed to be reliable, but
its accuracy and completeness are not guaranteed. RedChip Companies, Inc., is
currently engaged by this company to provide investor awareness services.
Investor awareness services and programs are designed to help small-cap
companies communicate their investment characteristics. RedChip Companies, Inc.
received fifty thousand shares of common stock under Rule 144 for six months of
these services. RedChip Companies, Inc., employees and affiliates may have
positions and affect transactions in the securities or options of the issuers
mentioned herein.
Contact:
RedChip
Companies Inc.
1-800-REDCHIP (733-2447, Ext. 106)
research@redchip.com
http://www.redchip.com
