Legends Business Group Announces Development of Two of Five Variations of Alternative Energy, the Result of a Parallel Research
March 25 2011 - 8:30AM
Legends Business Group (Pink Sheets:LGBS) announced today that
development has now been started on two of five variations of
alternative energy products that Legends Power had been working on
with its own research in conjunction with a Florida-based
engineering firm.
The Company recently announced that while it continues
acquisition talks with the firm, it has engaged that firm to
perform parallel research and development of alternative energy
products.
"The Florida-based engineering firm has been an acquisition
target of Legends Power for several weeks," said Rolando Sablon,
president of Legends Power. "The firm currently designs, develops
and manufactures a variation of electronic systems and components
for clients including one major amusement park with locations in
Florida and California. As part of our non-disclosure agreement we
have agreed to withhold the name of the firm until an acquisition
Letter of Intent is in place."
Sablon said the devices under development are one of each
technical variation encompassing an analog and a digital based
solution. Due to the possibility of future patentability of the
devices, the engineering firm will perform their reviews and
possible redesigns under a mutual confidentiality agreement. Sablon
said that he expects this to be a large step forward in Legend
Powers progress by releasing to a third party the details of their
research so far.
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 Relations:
Dave Donlin
Phone: 407-299-2377
Email: dave@thecervellegroup.com
Public Relations:
Peter Nasca
Phone: 954-473-0677
Email: pnasca@pnapr.com
Corporate
Rolando Sablon
Phone: 305-767-7993
Email: info@legendspower.com
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