The only malt extracts that my LAFS sell that I've found are more like DME (dry powder). I made beers with it too, and it worked OK for me, but wasn't really any cheaper then buying it anywhere else. It did seem to dissolve easier and clump up less, so there is probably something added to it that helps with that (I'm afraid to know what it is). I used it to add some extra malt to the old Mr. Beer Bohemian pilsner extract and I think I tossed in saaz or something, I don't remember. I think I called that beer LAFS@Bohemian. Because I'm funny like that.I think Swen also made a few brews with the Asian LME.
But as far as I know the various types of malt extract found in LAFS are used to make sweet malt based beverages or as a sweetener in beverages, and not fermented in either case. It is simply considered to be healthier then sugar I think. Like how "chocolate malts" were better for you then "chocolate shakes" back in the day when I was a kid. I drank a lot of chocolate malts. I'm still skinny, so somehow it worked LOL.