LEGENDS ISSUES SHAREHOLDER UPDATE
March 07 2013 - 8:45AM
OTC Markets
Legends Business Group, Inc. – Legends Announces
Updates On: Multi-Function Charger Controller (MFCC) Performance
Report, Zombie Chargers Sales, and Distribution Channels In
Colombia
Legends Business Group (LGBS: PK), would like to update its
shareholders on recent events.
Since our last update to shareholders, Legends has had a
number of key milestones. The Company has focused most of its time
preparing for the full Zombie Charger product launch by arranging
new sales and marketing outlets. In addition Legends has been
working diligently on completing the Annual Report with intent of
becoming fully reporting with the Security and Exchange Commission
(SEC).
SEC Fully Reporting Audit:
In September 2012’s shareholders update, Legends announced the
audit was proceeding as planned and Legends has compiled its
two-year financial package for review. The company’s goal was to be
fully reporting with the Security and Exchange Commission (SEC) by
our Annual Report 2012. As of March 07, 2013 the company’s auditor
has assured Legends that the company will complete the two years
worth of audited financials and Legends will begin filing its Form
10 with the Annual Report starting this month.
MFCC Performance Testing Final Report:
The Multi-Function Charger Controller (MFCC) final performance
report is now available on:
http://www.legendspower.com/current_projects.php . Resonance Group,
the same facility that tested the Restorer Charger (RC) has claimed
that the MFCC is more efficient per hour than, with little to no
off gassing and minimal heating of the batteries, as compared to a
standard EZ GO golf cart charger that required the lab to be
ventilated due to its excessive off gassing. Please see the report
for the total hours needed to charge. Resonance Group claims
that the “MFCC appears to be an overall superior system for
charging and maintaining 36V battery banks.” For more information
and the full report please visit Legends Website.
Sales and Marketing:
With the announcement of Zombie Chargers pre orders on January
24, 2012 Legends has been hard at work preparing for full product
release. The first Quarter of 2013 has been very promising.
With preorders and sales already, the company has also
approved multiple sales and marketing representatives and is
preparing contracts. As per the sales agreement Legends sales
representatives will distribute the Multi-Function Charger
Controller (MFCC) and Restorer Charger (RC) across the US in the
second half of 2013.
Pricing for the MFCC and RC has been set at a retail market
price of $999 USD per unit. For wholesale or bulk purchases pricing
is subject to change. The company will post the US sales contact
information on its website shortly. In the mean time if you would
like to distribute Legends products, please email Legends:
info@legendspower.com
Development In Colombian Market:
In the First Quarter 2013, Legends had one of their contacts
while on a trip to South America meet with local officials and
automotive industry related businesses to research the demand for
energy efficient battery technology in Colombia. On February 14,
2013 the company announced its plans to use the contacts made in
Colombia to further evaluate the potential for this emerging
market.
The interest generated from trip to Colombia encouraged
Legends contact to return to Colombia with the objective of
presenting Zombie Chargers product potential. The company has set
out to display live demonstrations of its Restorer Charger to local
officials and automotive industry related businesses by actually
illustrating the RC’s claim of being able to restore dead and
discarded batteries. Legends’ is confident that these
demonstrations of the Restorer Charger will result in multiple
arrangements for regional distributers. Legends will use Colombia
as a testing ground for Zombie Chargers product line with the
intent to distribute in the Colombian market and then branch out to
other South American countries.
In addition to these updates, we also foresee 2013 to have
more new and exciting products and campaigns that are currently in
the development stages.
For more information on Legends current projects, please
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:
Investor / Public Relations:
Rodolfo Sablon
Phone: 305-767-7993
Email: info@legendspower.com
Corporate:
Rodolfo Sablon
Phone: 305-767-7993
Email: info@legendspower.com
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