Legends Business Group Inc (LGBS)

[noahsplay]

News for 'LGBS' - (Legends Executes Agreement for Multi-Function Charger Controller Legends Business Group, Inc. Announced Exclusive Rights to Manufacture and Distribute Proprietary Multi-Function Charger Controller (MFCC))


MIAMI, Jul 31, 2012 (GlobeNewswire via COMTEX) -- Legends Business Group(LGBS:PK) today announced it has completed an agreement under which Legends has
the exclusive rights to manufacture and distribute the Multi-Function Charge
Controller (MFCC).

Under the terms of the agreement, Legends Business Group will have the rights to
beta test, manufacture and distribute the MFCC in exchange for ten million
shares of restricted common stock and a small percentage of gross revenue per
unit. In addition to exercising its new rights, Legends has also agreed that it
will make its' best efforts to become a fully reporting Bulletin Board company
by the end of the fourth reporting quarter of 2012.

"Since discovering the existence of the MFCC, Legends has been working along
side of its creator to ensure this product became a reality," said Rudy Sablon,
LGBS's President and CEO. "I'm proud to finally announce this long awaited
unveiling."

"Described as a state-of-the-art multi-function charging controller, th! e MFCC is
powered by either an AC or Solar input and will automatic ally detect and charge
lead acid or sealed lead acid batteries. The device will automatically adjust
for the following voltages, 12, 24, 36, and 48VDC. This unit will also provide
real time charging information to a terminal session established on computer via
a standard onboard serial port. The MFCC utilizes complex charging algorithms in
association with bi-directional feedback to attain the optimal charging sequence
for each charging sessions. Unlike conventional chargers, which tend to use only
one method and one direction, the MFCC digitally and thermally continuously
adjusts throughout the charging cycle. The net result is more energy stored
along with higher resting voltage and longer battery life," said its creator,
whose name will be announced pending closure of ongoing endeavors with Legends.
To find out more details about the MFCC please visit
http://www.legendspower.com/current_projects.php

One of Legends new undertaking! s is overall transparency to its shareholders;
this can be demonstrated on our website under current projects -- MFCC
Agreement. Visit: http://www.legendspower.com/current_projects.php

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," a nd 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 statement! s may no longer
be accurate or timely.

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

SOURCE: Legends Business Group, Inc.


By Staff

CONTACT: CONTACT: Corporate:

Rodolfo Sablon

Phone: [phone]

Email: [e-mail]




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INDUSTRY KEYWORD: Energy Industries

SUBJECT CODE: ENERGY

&nb! sp; CONTRACTS

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