Legends Business Group, Inc. Signs Long Term Lease Agreement
October 17 2008 - 8:45AM
Marketwired
(OTCBB: LGBS). Legends Business Group, Inc. announced today it has
signed a long term lease agreement for the office space it
currently occupies at 1375 Semoran Blvd., in Casselberry, Florida.
Negotiations of Legends' agreement to extend their occupancy of
Legends Business Plaza were finalized and effective October 15,
2008.
Legends had occupied the offices owned by Mr. Larry Powalisz,
its President and CEO. Mr. Powalisz had not received any
compensation for the use of his offices during the start-up,
development and growth periods of the company.
"I was glad to offer any assistance necessary to foster the
development of LGBS through its infancy and development stages.
Everyone associated with LGBS is overjoyed to have seen this
business grow into a viable self-sufficient and thriving operating
company," said Larry Powalisz.
The lease agreement is a net/net/net lease for a period of five
years and provides options to renew for two additional five-year
terms. The agreement commits LGBS to up to 15 years of occupancy as
well as an additional 1,500 square foot of a planned 4,500 square
foot expansion of the current facilities, which will be built to
suit the company. Legends has optioned the right of first refusal
on the remaining square footage of the facility in anticipation of
its continued growth.
Currently Legends Plaza is 100% occupied. LGBS occupies about
90% of the plaza, with the remaining 10% occupied by other
tenants.
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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