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High chance "LPH" will raise guidance Thurs. on 11am call

10k filing today:
 "I am very pleased with our results for the 2010 fiscal year, especially the quick ramp-up of sales at our Gujiao facility in its first six months of operations," stated Mr. Cai Yongjun, Chairman and CEO of Longwei. "We exceeded our overall revenue guidance of $310.8 million by over 10%, and we generated $50.2 million in net income. We look forward to continued strong demand from both the industrial sector in our region, as well as strong consumer demand from the rapid rise in private automobile usage in China as a whole. We expect fiscal 2011 to be another record year as we continue to penetrate the market for our products and experience the benefits of a full year of revenue generation from the Gujiao facility."

Conference Call and Webcast

Management will host a conference call to discuss these financial results on Thursday, September 30, 2010 at 11:00 a.m. Eastern Time (8:00 a.m. Pacific). To participate in the call please dial (888) 389-5992, or (719) 785-9444 for international calls, approximately 10 minutes prior to the scheduled start time. Interested parties can also listen via a live Internet webcast, which can be found via the Company's website at www.longweipetroleum.com , or alternately at ViaVid.net .