Legends Business Group, Inc. Posts Strong Second Quarter
July 22 2008 - 5:51PM
Marketwired
CASSELBERRY, FL announced today significant increases in second
quarter revenues for the quarter ended June 30, 2008. The strong
showing was in line with company expectations.
Second quarter revenues increased substantially over last year.
For the six months ended June 30, 2008 consolidated revenues
increased to approximately $160,968, up compared to the same time
period ending June 30, 2007. The revenue increases are due to the
company's continued success in the areas of consulting services and
service support platforms. The company is beginning to show
significant gains in market share for long range strategic
marketing campaigns and enhanced billing framework solutions set in
motion during its early development stages.
"Despite challenging economic conditions, our innovative
consulting and marketing strategies are producing dramatically
increased conversion optimization rates and client customer
revenues," commented Larry Powalisz, President and CEO of Legends
Business Group, Inc.
Powalisz continues: "We are also pleased that our ongoing
efforts to improve and upgrade our service platforms are resulting
in solid customer retention for our clients. In addition, our
numerous marketing initiatives and other efforts designed to meet
the needs of our clients continue to build our recognition as an
industry service provider of choice. Parties interested in
following LGBS will see additional revenues being received from
further contracts signed during the previous quarter."
"As the past quarter illustrates, we have made significant
progress in expanding our network of relationships with Local
Exchange Carriers, Digital Content and other Third Party Service
Providers through agent agreements, to grow our consulting
business. Our customer service platforms and alternative billing
solutions are gaining traction, as evidenced by our signing of
agreements with PaymentOne and BSG Clearing Solutions, North
America."
Powalisz also pointed to the addition of Stan DeSilva, Credit
Card Services Division Manager, as another highlight of the
quarter: "With Stan taking over as Division Manager, Legends
reiterates its continued support and keen interest in both growth
and the strength of the services already provided. The Credit Card
Services Division has brought us to a new high point as we
negotiate to solidify agreements to integrate our electronic
processing with credit card payments."
About Legends Business Group, Inc.:
Legends Business Group, Inc. is an Over the Counter Bulletin
Board stock which trades under the symbol LGBS. To obtain
additional information about Legends Business Group, Inc., please
visit the Company's website, which may be found at:
www.lbgi.net.
This press release contains statements that are
"forward-looking," and involve a number of risks and uncertainties.
Statements that are not historical facts are considered
forward-looking statements, and are subject to Safe Harbor
provisions as defined in the United States Private Securities
Litigation Reform Act of 1995 Company results and performance may
be materially different from future results, strategies, plans or
goals expressed or implied by any forward looking statements made
herein. The Company disclaims any obligation to update or revise
any forward-looking statements.
Contact: Legends Business Group, Inc. Larry Powalisz
407-263-4029 inquiries@lbgi.net
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