SEATTLE, March 2 /PRNewswire-FirstCall/ — L & L International Holdings, Inc. (OTC Bulletin Board: LLFH), a profitable coal mining and coal distribution company, today announced a reduction of approximately 2 million of its common outstanding shares, or approximately 10%.
The 2 million common shares reduction is due to two recently completed events: the company reclaimed 1.7 million shares as a result of the spin off of the LEK compressor operation in January 2009 in order to focus on coal (energy) business; and the receipt of 400,000 shares from a shareholder for total of $1.00. The 400,000 shares will become L&L treasury stock.
Consequently, total L&L shares outstanding is reduced to approximately 20.5 million shares from 22.5 million shares.
About L & L International Holdings
Founded in 1995 and headquartered in Seattle, Washington, L&L International Holdings was formed to serve the vast energy market in China through its mining operation. Please visit the Company’s website at www.lnlinternational.com, or call (206) 264-8065 and ask for a free Equity Research Report of L&L.
Forward-Looking Statements
The statements contained in this press release may contain ‘forward-looking statements’ within the meaning of the Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, the Company’s actual results could differ materially from those anticipated in these forward-looking statements.
SOURCE L&L International Holdings, Inc.