This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

L&L Energy Forms Partnership With AVIC Sichuan

Stocks in this article: LLEN

SEATTLE, July 23, 2012 /PRNewswire/ -- L&L Energy, Inc. (NASDAQ: LLEN) ("L&L"), a Seattle-based company with a five-year track record of profitable coal operations in China, announced that it recently signed a Letter of Intent ("agreement") with AVIC Sichuan Coal Logistics Co., Ltd. ("AVIC Sichuan") of Chengdu City, to jointly explore business opportunities in China.

Under the agreement, AVIC Sichuan agrees to share its resources including its customer base, logistics network, financial capabilities, and market intelligence, with L&L. The initial strategic partnership focuses on two large markets of Chongqing City (population 28 million), and Chengdu City (population 14 million).

AVIC Sichuan is headquartered in Chengdu City, one of the most important economic, and transportation centers in western China. It operates primarily in Sichuan Province, one of the most populous provinces in China and adjacent to L&L's Guizhou operations. AVIC Sichuan has a strong coal network in Chongqing City, and is a subsidiary of AVIC International Holding Corp. ("AVIC International"), a major enterprise operating in aviation, logistics, finance and real estate. AVIC International has 50,000 employees and assets exceeding RMB 100 billion ( $15.7 billion).

"We are excited to enter a business alliance with AVIC Sichuan, and to expand our business into the large Sichuan market, which needs coal. Working with AVIC Sichuan will help streamline our coal logistics and grow our sales opportunities," commented Dickson Lee, Chairman and CEO of L&L. "Leveraging AVIC Sichuan's strong, established reputation in the region will allow us to explore new financial capabilities, helping us execute our growth strategy."

Forward-Looking Statements 

The statements contained words that are not historical fact, including statements related to 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. Actual results of the future events described in this document could differ materially due to numerous factors and other 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

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,810.06 +91.06 0.51%
S&P 500 2,063.50 +10.75 0.52%
NASDAQ 4,712.97 +11.1030 0.24%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs