MIAMI, July 10, 2012 (GLOBE NEWSWIRE) -- Legends Business Group (Pink Sheets:LGBS) announced today it is in negotiations to become the exclusive manufacturer and dealer for a new type of battery charging technology. As part of these negotiations, Legends will become a fully-reporting company under the U.S. Securities and Exchange Commission (SEC) regulations. Although quiet over the last couple of months, the company has been very busy preparing its future direction in the sustainable energy market.
"We here at Legends think the evolution of the battery charger can be a game changer in the green energy marketplace," said Rudy Sablon, President and CEO of Legends. In our opinion, current battery charging technology is inadequate, inefficient, and one directional. These issues tend to lead to higher costs, lower performance, and decreased longevity. With these restrictions we cannot move from fossil fuels to clean energy economically and successfully. "The need for new efficient energy storage technology is now, and Legends thinks it has found it!"
The company is currently in the process of obtaining the exclusive rights to a new type of battery charger that can help eliminate the restrictions of current battery technology. Sablon predicts that Legends should be able to conclude negotiations in the next couple of weeks adding, "After months of research and testing we believe the company is on the verge of a major breakthrough in highly efficient battery charging technology and can not wait to bring it to the public."
Not only will Legends be bringing this exclusive product to the market, but also we have agreed to regain our fully reporting status with the SEC. Legends aspires to be a fully reporting company by the end of 4th quarter 2012. "Becoming a fully reporting company is projected to lead to a substantial upgrade from our Current Information status on the OTC Pinks," states Rudy Sablon, President and CEO of Legends. Legends hopes this new exposure and transparency will apprise its shareholders as new events unfold adding value and significant revenue growth for Legends Business Group over the next couple of months.
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: www.legendspower.com/" target="_top" rel="nofollow">http://www.legendspower.com
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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.