Legends Seeks Rights to New Battery Charging Technology and Begins Process to Become Fully Reporting
10 July 2012 - 11:49PM
Legends Business Group (Pink Sheets:LGBS) announced today it is in
negotiations to become the exclusive manufacturer and dealer for a
new type of battery charging technology. As part of these
negotiations, Legends will become a fully-reporting company under
the U.S. Securities and Exchange Commission (SEC) regulations.
Although quiet over the last couple of months, the company has been
very busy preparing its future direction in the sustainable energy
market.
"We here at Legends think the evolution of the battery charger
can be a game changer in the green energy marketplace," said Rudy
Sablon, President and CEO of Legends. In our opinion, current
battery charging technology is inadequate, inefficient, and one
directional. These issues tend to lead to higher costs, lower
performance, and decreased longevity. With these restrictions we
cannot move from fossil fuels to clean energy economically and
successfully. "The need for new efficient energy storage technology
is now, and Legends thinks it has found it!"
The company is currently in the process of obtaining the
exclusive rights to a new type of battery charger that can help
eliminate the restrictions of current battery technology. Sablon
predicts that Legends should be able to conclude negotiations in
the next couple of weeks adding, "After months of research and
testing we believe the company is on the verge of a major
breakthrough in highly efficient battery charging technology and
can not wait to bring it to the public."
Not only will Legends be bringing this exclusive product to the
market, but also we have agreed to regain our fully reporting
status with the SEC. Legends aspires to be a fully reporting
company by the end of 4th quarter 2012. "Becoming a fully reporting
company is projected to lead to a substantial upgrade from our
Current Information status on the OTC Pinks," states Rudy Sablon,
President and CEO of Legends. Legends hopes this new exposure and
transparency will apprise its shareholders as new events unfold
adding value and significant revenue growth for Legends Business
Group over the next couple of months.
About Legends Business Group
Legends Business Group, Inc., was incorporated in March 2006,
and is a publicly traded company. The company has recently
refocused its purpose and has moved itself into the alternative and
exotic energy marketplace. For more information please visit:
http://www.legendspower.com
Safe Harbor Statement
This report includes forward-looking statements covered by the
Private Securities Litigation Reform Act of 1995. Because such
statements deal with future events, they are subject to various
risks and uncertainties and actual results for the fiscal year and
beyond could differ materially from the Company's current
expectations. Forward-looking statements are identified by words
such as "anticipates," "projects," "expects," "plans," "intends,"
"believes," "estimates," "targets," and other similar expressions
that indicate trends and future events. Factors that could cause
the Company's results to differ materially from those expressed in
forward-looking statements include, without limitation, variation
in demand and acceptance of the Company's products and services,
the frequency, magnitude and timing of paper and other
raw-material-price changes, general business and economic
conditions beyond the Company's control, timing of the completion
and integration of acquisitions, the consequences of competitive
factors in the marketplace, cost-containment strategies, and the
Company's success in attracting and retaining key personnel.
Additional information concerning factors that could cause actual
results to differ materially from those projected is contained in
the Company's filings. The Company undertakes no obligation to
revise or update forward-looking statements as a result of new
information since these statements may no longer be accurate or
timely.
CONTACT: Investor / Public Relations:
Rodolfo Sablon
Phone: 305-767-7993
Email: info@legendspower.com
Corporate:
Rodolfo Sablon
Phone: 305-767-7993
Email: info@legendspower.com
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