L & L Financial Holdings, Inc. Business Expansions in China

SEATTLE, March 3 /PRNewswire-FirstCall/ -- L & L Financial Holdings, Inc. OTCBulletinBoard: LLFH ("L & L Financial" or the "Company") today made the following announcements on its Kun Ming Coal Company energy operations (KMC) and establishment of LSP Technologies Inc. (LSP Tech) in China.

Energy Operations:

The Company recruited Mr. Kong Ling-Min, Senior Geological Engineer, to strengthen its mining operations in February 2008. Mr. Kong is to supervise the Tian-Ri Coal Mine in Yunnan Province of China. The Tian-Ri Coal Mine has a government exploration permit and with a coal reserve of an estimated 53 million tons of high grade coal and an estimated $7.3 billion value (at the current market price of approx. $134 per ton).

KMC moved to a new 3,800 sq ft. office, located at Yunnan University Science & Technology Building, 59 Science-Medicine Road, Kunming, China in February 2008.

Power Operations:

The Company created its second air compressor company, LSP Tech, in China on January 18, 2008, to meet customers' increasing spending power. The Company operates LSP Tech with 70% equity ownership. The remaining 30% is owned by local nationals. The Company starts registration of the LSP Tech, a Sino-American joint venture with the Chinese government in February 2008 to protect its interests. An approval is to be granted soon.

LSP Tech marketing high-end compressors, is located at 39 Dragon Lake Road, Liuzhou, China, about 2 miles away from the Company's existing LEK facility. Since 2004, the LEK facility has been selling and manufacturing piston-type air compressors.

LSP Tech is to take advantage of the existing LEK operations, 21 sales offices and personnel to focus on high-end, screw compressors. Sales will commence about 3 months. LSP Tech establishes a new direct sales marketing center at ShenZhen, the technology center of China. LSP operations will lead the Company's sales to North America.

For more information, please visit L & L's website at http://www.lnlinvestment.com, or call Dickson Lee, CPA at (206) 264-8065.

Forward-looking Statement:

This document contains forward-looking information that involves risks and uncertainties. You can identify them by words such as "anticipate," "estimate," "expect," "intend," "plan," "believe," and other words in connection with discussion of future operations. A list and description of risks, uncertainties, and other matters can be found in our Form 10-KSB for the fiscal year ended April 30, 2007, and in other SEC filings, available at http://www.sec.gov.