LGBS Legends Business Group Inc (CE)

Legends Business Group, Inc. (PINKSHEETS: LGBS) President and CEO Larry Powalisz issued the following letter to shareholders:

Dear Legends Business Group Shareholders,

In light of our nation's current economic and business environment, my management team and I have decided to file SEC Form 15 Certification And Notice Of Termination Of Registration Under Section 12(G) Of The Securities Exchange Act Of 1934 OR Suspension Of Duty To File Reports Under Sections 13 And 15(D) Of The Securities Exchange Act Of 1934. As a result we will continue to be listed on the Pink Sheets.

The costs and benefits associated with corporate governance and compliance with the Sarbanes-Oxley Act of 2002 have become a liability on shareholder value rather than an asset. Collectively, we have decided that, for economic reasons, we will allow Legends Business Group, Inc., (LGBS OTCBB) to move to "Pink Sheets" and allow shareholder value to be truly reflected in our stock price.

While section 404 of Sarbanes-Oxley requires Chief Executive Officers to certify the accuracy of financial statements, it also requires that outside auditors "attest to" the soundness of the internal controls used in preparing the statements. Costs associated with compliance of this regulation typically reach well into six figures for a company the size of Legends Business Group, Inc.

The LGBS management team unanimously decided that corporate resources could be better spent on IT systems, key staff and other critical areas of our business as opposed to the redundant duplication of standard operating accounting procedures mandated by Sarbanes-Oxley.

This is a controlled and strategic move. As President and CEO of Legends Business Group, I would like to make clear that our business is sound; we have secured our place in a niche market and believe there is significant growth potential for the foreseeable future. Our move to the Pink Sheets makes no difference to the company's business in any way. This is merely a strategic move to preserve shareholder value.

On behalf of the entire Legend's management team, I thank all shareholders for your continued interest and support of our company.

Sincerely,
Larry Powalisz
President and CEO
Legends Business Group, Inc.

About Legends Business Group, Inc.:

Legends Business Group, Inc. is a Pink Sheet 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