Legends Executive Returns From Electronics Fairs
09 November 2012 - 12:30AM
Marketwired
Legends Business Group (PINKSHEETS: LGBS) today announced that its
Vice President has returned from the Hong Kong Electronics Fair and
Canton Fair in Guanzhou with potential new parts for the
Multi-Function Charger Controller (MFCC), new relationships with
manufacturers of innovative energy devices and promising interest
in the Chinese market for the MFCC.
"The company was successful in meeting its travel objectives
while attending the world's largest electronic fairs," said Rudy
Sablon, President and CEO of Legends. "It was a great step forward
for Legends to see the detailed process of the international trade
market. We feel strongly about the manufacturers, devices, and
contacts that were made while visiting China and look forward to
strengthening our newly made relationships."
Legends was able to secure an order for aluminum cases for the
Zombie Charger line at 20% of their best prior quotes. Delivery to
the US, directly to our manufacturer, is expected to be within the
next two to three weeks. Some of the contacts made while attending
the fair could be used as potential future parts providers for the
MFCC and Restorer Charger (RC) and could eventually result in lower
manufacturing costs and as well as allow for a more efficient
manufacturing process in the US. Additionally, contacts were made
with other attractive energy efficient products that could be added
to Legend's upcoming US product line.
In experiencing the Chinese culture, there was a realization of
a vast demand for battery-operated vehicles, such as bicycle style
electric bikes (BSEB) and scooter style electric bikes (SSEB) due
to their low energy consumption and zero tail-pipe emissions.
However, we think this demand presently seems to be met by what
looks like an inefficient, non-environmentally friendly, and
wasteful use of batteries. Legends feels that the MFCC would be a
great fit for the Chinese market, which could have a great demand
for energy efficient products such as the MFCC. During his
networking, the company executive met contacts in Ningbo, a seaport
city in the Zhejiang province ROC, which could help Legends
potentially break in to the Chinese market. With Ningbo's abundance
of bicycle style electric bikes (BSEB) and scooter style electric
bikes (SSEB), this city in the future could be a great testing
ground and selling place for their chargers and restorers.
One of Legends' new undertakings is overall transparency to its
shareholders; this can be demonstrated on our website. Visit:
http://www.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: Corporate Investor / Public Relations:
Rodolfo Sablon Phone: 305-767-7993 Email: Email Contact
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