MIAMI BEACH, Fla., May 3, 2011 (GLOBE NEWSWIRE) -- Legends Business Group (Pink Sheet:LGBS) today announced that Rolando Sablon has resigned from his positions as Chief Executive Officer and Director effective immediately. Sablon will pursue other opportunities. The Board of Directors has approved the appointment of Rodolfo Sablon as President and Chief Executive Officer. Rodolfo Sablon was recently appointed to head Legend's new grant writing division on April 21, 2011.
"Overseeing Legends has been an honor," said Rolando Sablon. "I am very proud of the direction Legends has pursued and I am very confident in Rodolfo's vision to take Legends to a new level of market leadership."
Rodolfo Sablon is an altruistic entrepreneur with a Bachelor in Science from Florida International University. Rodolfo serves as a director for The Motivational Edge as well as ventured into his entrepreneurial endeavors, becoming CEO and Founder of APEX Tutoring. As a result of his leadership and direction, APEX Tutoring has flourished and he now has a franchise with operations expanding into four other states. Among other things Rodolfo is also an expert grant-writing specialist. During his career Rodolfo Sablon has written many grant proposals for non-profit organizations and has been instrumental in the implementation of various worthwhile projects.
"This is an exceptional opportunity not only to create shareholder equity but to do so while helping save our planet," said Rodolfo Sablon. "Environmental sustainability and independence from fossil fuels should be a primary goal of every American. Legends presents an outstanding platform to participate in that effort."
The Company also announced that it is continuing talks regarding the acquisition of a Florida-based Engineering firm, which was previously announced on Mar 23, 2011.
According to the Company negotiations are ongoing with the firm towards achieving both parties' mutual goal of finalizing and executing a definitive agreement. Legends also announced the engineering firm has completed one of the two variations of alternative energy products it announced on Mar 25, 2011. This product is now in Legends final testing phase prior to its public release. Although negotiations are still in progress, Legends is unable to disclose any new information regarding the merger and product. All material events, current, on going and planned will be communicated to the shareholders and public alike simultaneously.
The Florida-based engineering firm actively designs and manufactures electronics for several clients including a major amusement park in Florida and California. The firm specializes in both analog and digital engineering solutions, including robotics, for its customers.
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.