ANN ARBOR, Mich., July 23, 2004 (PRIMEZONE) -- Legend Mobile (OTCBB:LGMB) today announced that it has received confirmation that its shares will no longer trade on the Berlin Bremen Stock Exchange. The removal from the exchange is effective at the close of trading in Europe today.
"We did not authorize or seek this listing on the Berlin Bremen Stock Exchange. It does not appear to be in the best interests of our shareholders at this time," said Peter Klamka, President of Legend Mobile, Inc.
Legend Mobile develops and markets mobile information services such as Racemobile.com for cellular phones. Through its subsidiary Legend Studios Inc., the company operates 8 radio stations in 4 states broadcasting a range of programs such as Bill O'Rilley, ESPN Radio, NASCAR Nextel Cup racing, NCAA football, Major League Baseball, and a number of popular music programs.
Additionally, through its subsidiary, Legend Credit Inc., the company develops and markets prepaid stored value cards. The company is currently preparing to launch the Hello Kitty reloadable MasterCard card.
Safe Harbor
Statements in this press release that are not purely historical are forward-looking statements, including statements regarding Legend's beliefs, expectations, hopes or intentions regarding the future. Forward-looking statements in this release include, but are not limited to, statements regarding the growth of mobile application market; the ability of the company to develop and market mobile products, the demand for the Company's mobile products and solutions; and sometimes contain words such as "believe," "expect," "intend," "anticipate," "plan," and "estimate" or similar expressions. It is important to note that actual outcomes and the Company's actual results could differ materially from forward-looking statements. Readers should also refer to the risk disclosures outlined in the Company's reports filed with the Securities and Exchange Commission.