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05.02.10
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L&L Energy Signs Subcontract Agreement for ZoneLin Coal Coking Operations
SEATTLE, Feb 05, 2010 -- L&L Energy, Inc. (OTC Bulletin Board: LLEN) ("L&L"), a U.S. coal operator serving China's coal market, announced today that it has subcontracted through its subsidiary, L&L Yunnan Tianneng Industry Co., Ltd. ("TNI"), the operations of the ZoneLin Coal Coking ("ZoneLin") located in Yunnan Province of China.
Under a fixed fee of $1,000,000 for five years the agreement allows TNI to operate ZoneLin's 150,000-ton annual coking facility, provide the necessary working capital, and collect revenue of the facility. Additionally, TNI is the exclusive provider of advisory and consultancy services to ZoneLin. The coking revenue, profit, or loss will be consolidated in L&L financial statements as a variable interest entity. L&L expects the agreement to generate approximately $28 million revenue per year, based on a $187 price per ton of coke. The agreement covers a period of five years starting from November 1, 2009, and can be extended by mutual consent.
Source: Trading Markets (press release)
POPCAKE(R) Enters U.S. Market With Automatic Pancake Maker
25.01.10
Is rather timely as we are finding a greater percentage of
commercial food service operators looking to leverage their existing
overhead and enter into the fast-paced, high growth breakfast segment," Young explained.
To prepare for its official entry into the U.S. commercial market, POPCAKE made the rounds at U.S. tradeshows, appearing at the Specialty Coffee Association of America and the National Restaurant Association (NRA) tradeshow in 2009. POPCAKE garnered the attention of the NRA and The Food Channel, which named POPCAKE one of the Top Ten Finds of the 2009 National Restaurant Association Show .
"We see POPCAKE as a valuable and viable business opportunity specifically for independent coffee shops, catering companies, convenience stores, specialty food retailers and food service hospitality companies like Compass Group, Aramark and Sodexo," said Young. "The innovation and versatility of POPCAKE is adaptable to a wide range of commercial food service applications and provides the opportunity to grow and expand service to the consumer, while offering both rapid start up and return."
Source: PR Newswire (press release)
