MIAMI, May 19, 2011 (GLOBE NEWSWIRE) -- Legends Business Group (Pink Sheet:LGBS) and Cartina International are pleased to announce that the parties have signed a Letter of Intent (LOI) for the exclusive United States sales and distribution rights of what is one of the world's most efficient Small Hydroelectric Power (SHP) plants.
"I believe this LOI paves the way for a win-win partnership for Legends Power and Cartina International," says Rodolfo Sablon, Legends Power President and Chief Executive Officer. Sablon continued to explain, "Legends Power is pleased to partner with Cartina International in this new undertaking. The parties have made a significant investment in this endeavor and our organization anticipates this to be the first step into more ventures in this arena."
The aim of this planned arrangement between the parties is to assist Legends Power in bringing this exclusive European technology to the United States with the expectation of becoming the engineering, procurement and construction (EPC) contractor for the SHP plants as their exclusive U.S. sales and marketing arm.
SHP plants generate electricity by converting the energy available in the flowing water of rivers, canals and streams.
Cartina International is a Florida based professional firm specializing in all aspects of marketing, sales, mergers and acquisitions of privately held entrepreneurial companies.
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
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