MIAMI, July 15, 2011 (GLOBE NEWSWIRE) -- Legends Business Group (Pink Sheets:LGBS) today announced it has located an appropriate grant and is pending submission of its first grant proposal.
"This is a great initial step towards furthering our research funding and capacities," said Rudy Sablon, President and CEO of Legends. "The way this grant is written clearly describes our exact goals and objectives as well as the positive social impact on our projects throughout the community."
Grant writing is a tedious process that involves effective writing skills, through research, and an ample amount of preparation time.
"If Legends can establish this grant we can effectively bring out and focus our projects on social entrepreneurship and give the Company the opportunity to increase its potential to acquire further funding from various sources," Sablon said.
According to Sablon, each year many federal agencies open funding opportunities and programs for various organizations and institutions. Despite the strict requirements and specifications, more and more are applying for federal grants. But with the conscious knowledge on the volume of grant applicants that need to compete for the grant funds, Legends realizes their need to prepare a well-written federal grant proposal. Federal grant proposals are one of the most inquired and most sought after, hence because of the competitive nature of the grant application dissemination of the actual grant application will be refrained until the application process closes. This is particularly true during the second and third quarters of the year when most federal grant programs are open for application.
"I'm cautiously optimistic that Legends does have a high probability of being funded for this grant procurement which is in the five-to-six figure range," Sablon said. "Keep in mind applying for a grant is like joining a competition. In doing so we compete with other grant seekers, therefor not everyone is guaranteed the approval of the respective funding source."
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
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.