Legends Executes Letter of Intent; Zombie Chargers Adds Battery Restorer Device to Product Line
03 October 2012 - 12:02AM
Marketwired
Legends Business Group (PINKSHEETS: LGBS) announced today it
entered into a Letter of Intent (LOI) to acquire the exclusive
rights to manufacture and distribute what Legend's thinks will be
the next step in battery-charging restoration. The Restorer-Charger
(RC) will be the second device to be manufactured and sold under
the Zombie Chargers product line.
Under the terms of the LOI, Legends will attain, beta test,
manufacture, and distribute a 12V Battery Restorer. While the terms
of the final agreement will be announced after closing, the
acquisition is projected to be completed with an offering of ten
million restricted common shares and a percentage of gross revenue
going to the inventor.
"The Restorer Charger is the next step in the development of the
Zombie Chargers alternative energy product line," said Rudy Sablon,
President and CEO of Legends. "Discarding 12V batteries due to age
is a waste problem that can be avoided. The restorer Charger can
help eliminate the waste by allowing the users to restore batteries
back to a higher resting voltage and reducing the need to buy
replacements." The company plans to offer a complete line of
alternative energy products, focusing initially on "battery
charging" with the Multi-Function Charge Controller (MFCC) and now
branching out to battery restoration with the Restorer-Charger
(RC).
Legends plans to find an independent 3rd party testing company
to test and confirm the Restorer-Charger, record and analyze the
company's own beta tests, and keep all information on the
Restorer-Charger transparent for our shareholders.
One of Legends new undertakings is overall transparency to its
shareholders; this can be demonstrated on our website under current
projects -- Letter of Intent Restorer. Visit:
http://legendspower.com/current_projects.php
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: Email Contact
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