Legends Business Group Inc (LGBS)

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News for 'LGBS' - (Legends Seeks Rights to New Battery Charging Technology and Begins Process to Become Fully Reporting)


MIAMI, Jul 10, 2012 (GlobeNewswire via COMTEX) -- Legends Business Group (Pink
Sheets:LGBS) announced today it is in negotiations to become the exclusive
manufacturer and de! aler 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 th at 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 Busines! s 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: 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. Facto! rs 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.

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: Legends B! usiness Group, Inc.


By Staff

CONTACT: CONTACT: Investor / Public Relations:

Rodolfo Sablon

Phone: [phone]

Email: [e-mail]



Corporate:

Rodolfo Sablon

! ; Phone: [phone]

Email: [e-mail]




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INDUSTRY KEYWORD: Energy Industries

SUBJECT CODE: ENERGY

ENVIRONMENT

Company Announcement