Longwei Petroleum Appoints New Chief Financial Officer

TAIYUAN CITY, China, July 10 /PRNewswire-Asia-FirstCall/ -- Longwei
Petroleum Investment Holding Ltd. (OTC Bulletin Board: LPIH), a leading oil
and fuel wholesaler and distributor operating in Shanxi Province, China, today
announced that it has appointed Mr. James T. Crane to serve as its Chief
Financial Officer, effective June 30, 2009.
Mr. Crane is a certified public accountant licensed by the state of
Massachusetts and is the founder of J. Crane & Company, P.C., a Cambridge,
Massachusetts-based professional services firm. The firm conducts audits of
public companies and currently provides auditing, accounting, tax and public
company regulatory compliance services to clientele in nine states and five
foreign countries.
"James brings significant financial and accountancy experience to our
leadership team, and we are very excited to have him join our growing
business," said Mr. Cai Yongjun, chief executive officer of Longwei Petroleum.
"His financial expertise and background working with publicly traded companies
in the U.S., as well as his international experience, will prove vital as we
expand our operations, manage our growth, and seek a listing on a senior
exchange."
Prior to organizing J. Crane & Company, P.C., Mr. Crane was a partner in
the Lexington, Massachusetts professional services firm of Baker O'Connor LLC.
Mr. Crane began his career with Ernst & Young. Mr. Crane also serves as Chief
Financial Officer of the following public companies: MyStarU.com, Inc.;
BioNeutral Group, Inc.; and Feel Golf Co., Inc. He received his B.S. degree in
Accountancy from Bentley University.
About Longwei Petroleum Investment Holding Limited
Longwei Petroleum Investment Holding Limited is one of the leading
distributors/wholesalers of diesel, gasoline, kerosene and fuel oils in
Taiyuan City, the capital of and largest city in Shanxi Province, P.R. China.
Longwei Petroleum Investment Holding Limited purchases diesel, gasoline, fuel
oil and kerosene from various suppliers. As an intermediary, the company seeks
to earn profits by buying diesel, gasoline, fuel oil and kerosene at
competitive prices and selling them to other wholesalers. In addition, Longwei
also earns revenues by acting as a purchase agent where they charge an agency
fee -- a fee which is charged to wholesalers who do not have a license to
purchase directly from refineries. Further, the company owns a gas station
located on its property where it generates additional profit and revenue. All
of the company's operating facilities are located in Taiyuan City, China.
For further information on Longwei Petroleum Investment Holding Limited,
please visit the Company's website at http://www.longweipetro.com . You may
register to receive Longwei Petroleum's future press releases or request to be
added to the Company's distribution list by contacting Dave Gentry.
Forward-Looking Statements
Certain statements contained herein constitute "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. These forward-looking statements are based on current expectations,
estimates and projections about Longwei's industry, management's beliefs and
certain assumptions made by management. Readers are cautioned that any such
forward-looking statements are not guarantees of future performance and are
subject to certain risks, uncertainties and assumptions that are difficult to
predict. Because such statements involve risks and uncertainties, the actual
results and performance of the Company may differ materially from the results
expressed or implied by such forward-looking statements. Given these
uncertainties, readers are cautioned not to place undue reliance on such
forward-looking statements. Longwei's operations are conducted in the PRC and,
accordingly, are subject to special considerations and significant risks not
typically associated with companies in North America and Western Europe. These
include risks associated with, among others, the political, economic and legal
environment and foreign currency exchange. The Company's results may be
adversely affected by changes in the political and social conditions in the
PRC and by changes in governmental policies with respect to laws and
regulations, anti-inflationary measures, currency conversion, remittances
abroad, and rates and methods of taxation. Other potential risks and
uncertainties include but are not limited to the ability to procure, properly
price, retain and successfully complete projects, and changes in products and
competition. Unless otherwise required by law, the Company also disclaims any
obligation to update its view of any such risks or uncertainties or to
announce publicly the result of any revisions to the forward-looking
statements made here. Readers should review carefully reports or documents the
Company files periodically with the Securities and Exchange Commission.
For more information, please contact:

Investor Relations:
Dave Gentry
RedChip Companies, Inc.
Tel: +1-407-644-4256 x104
+1-800-733-2447 x104
Email: info@redchip.com
Web: http://www.RedChip.com

SOURCE Longwei Petroleum Investment Holding Ltd.

Investor Relations - Dave Gentry of RedChip Companies, Inc. for Longwei
Petroleum Investment Holding Ltd., +1-407-644-4256 x104, +1-800-733-2447 x104,
or info@redchip.com; At the Company - Mr. Haoxiang Li, Mobile
+86-139-3453-0811 or malachi9858@126.com