L&L Management Provides Update on Investigation into Geoinvesting Allegations

L & L Energy

today provided an update regarding its investigation into the allegations posted by GeoInvesting in an article on SeekingAlpha on September 19, 2013. The L&L management team has authored a detailed report that refutes each allegation made by GeoInvesting.  The report includes fully executed acquisition agreements, legal opinions, and supporting documents including fairness valuations reports, tax filings, invoices, receipts, payroll records, SAIC filings, and correspondence, to rebut the allegations.  The Company has made the report and all documentation available to its Board of Directors (the "Board") and the Board's Special Independent Committee ("the Committee").   Upon evaluation by the Committee, the report and related documentation will be disclosed to the general public. In evaluating the allegations presented by GeoInvesting, L&L cautions investors to consider the motives of all parties involved.  L&L is a Seattle based company governed by the laws of the United States, overseen by a Board of Directors consisting of leaders in the industry.  L&L has made significant investments in China over past the 18 years, which have leveraged Chinese economic growth in order to create shareholder