ORLANDO, Fla., May 25, 2012 (GLOBE NEWSWIRE) -- RedChip ResearchTM, a division of RedChip Companies, Inc., today announced it has issued a research update on Longwei Petroleum Investment Holding, Ltd. (NYSE Amex:LPH), a diesel, gasoline, fuel oil, and solvent oil distributor operating in China's Shanxi Province.
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To learn more about Longwei Petroleum, visit http://www.redchip.com/visibility/investor.asp?symbol=lph
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The views expressed in this report and/or any and all other reports associated hereto, (which includes the actual rating assigned to the company as well as the analytical substance and tone of the report), accurately reflect the personal views of the analyst(s) covering the subject securities. No part of the analyst's compensation was, is, or will be directly or indirectly related to the specific recommendations or views contained in this research report. The analyst(s) contributing to this report do not hold any shares of the subject securities. This report is based on data obtained from sources we believe to be reliable but is not guaranteed as to accuracy and does not purport to be complete. None of the reports issued by RedChip Companies, Inc., constitutes a recommendation for any investor to purchase or sell any particular security or that any security is suitable for any investor. Any opinions expressed herein are subject to change. Longwei Petroleum Investment Holding Ltd. ("LPH") is a client of RedChip Companies, Inc. and of RedChip Visibility, a division of RedChip Companies. LPH paid RedChip Visibility, a division of RedChip Companies, Inc., $30,000 for twelve (12) months of RedChip Visibility Program services, which included the preparation of the equity research report(s). The equity research report(s) were prepared for informational purposes only and were paid for by the company portrayed in the report. Information contained in the equity research report(s) is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. The equity research report(s) are not a recommendation of a solicitation to purchase or sell any security, nor do they constitute investment advice. 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. For the period February 2008 through February 2009, LPH agreed to pay RedChip Companies, Inc. 300,000 shares of free-trading stock plus $30,000 in cash per quarter for investor relations services. For the 12-month period March 2009 through March 2010, LPH agreed to pay RedChip Companies, Inc. a monthly fee of $15,000 in cash and 1.5 million shares of Rule 144 stock for investor relations and consulting services. For the period April 8, 2009 through June 8, 2009 LPH increased the monthly cash fee paid for investor relations services from $15,000 per month to $20,000 per month. For the period July 8, 2009 through September 8, 2009 the monthly cash fee of $20,000 was reduced to $15,000 in cash for investor relations services. For the period July 30, 2009 through October 8, 2010 RedChip received an additional 846,800 shares of free-trading stock for investor relations services. For the period of September 8, 2009 through October 8, 2010 the monthly cash fee of $15,000 was reduced to $10,000 in cash for investor relations services. RedChip received a one-time IR consulting fee which includes expenses of $295,000 for 18 months of service. RedChip Companies, Inc. invested in the issuer and owns or owned up to 500,000 shares of the issuer's stock that was registered. These shares may be sold during the time it represents the company for investor relations activities. RedChip may sell anywhere from 5,000 shares to 200,000 shares during any two-month period of its investor relations activities, depending upon the liquidity of the stock. RedChip Companies, Inc., employees and affiliates may maintain positions and buy and sell the securities or options of the issuers mentioned herein.
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