updated 6/13/2011 7:45:49 AM ET 2011-06-13T11:45:49

ORLANDO, Fla., June 13, 2011 (GLOBE NEWSWIRE) -- RedChip ResearchTM, a division of RedChip Companies, Inc., today announced it has issued a research update on Longwei Petroleum Investment Holding, Limited. (NYSE Amex:LPH), a diesel, gasoline, fuel oil, and solvent oil distributor operating in China's Shanxi Province.

To receive a complimentary copy of the RedChip Research Report for LPH, please visit: http://www.redchip.com/about/aboutmain.asp?rid=364

To learn more about Longwei Petroleum, visit http://www.redchip.com/visibility/investor.asp?symbol=lph

About RedChip Companies, Inc.

RedChip Companies is an international, small-cap research and financial public relations firm headquartered in Orlando, Florida with affiliate offices in Beijing, China; Paris, France; and Seoul, Korea. RedChip delivers concrete, measurable results for its clients through its extensive national and international network of small-cap institutional and retail investors. RedChip has developed the most comprehensive platform of products and services for small-cap companies, including: RedChip Research™, Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences, RedChip Small-Cap TV™, Shareholder Intelligence, Social Media and Blogging Services, Webcasts, and RedChip Radio™. To learn more about RedChip's products and services, please visit: http://www.redchip.com/visibility/productsandservices.asp .

"Discovering Tomorrow's Blue Chips Today"™

The RedChip Companies, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=2761


None of the profiles 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 investor should determine whether a particular security is suitable based on the investor's objectives, other securities holdings, financial situation needs, and tax status. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. Longwei Petroleum Investment Holding, Ltd. ("LPIH") is a client of RedChip Companies, Inc. and of RedChip Visibility, a division of RedChip Companies. LPIH 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, LPIH 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, LPIH 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, LPIH 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.

CONTACT: RedChip Companies Inc.
         1-800-REDCHIP (733-2447, Ext. 106)

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