Legends Business Group Inc (LGBS)

[Fastmandoo]

Legends Begins Third Party Testing on MFCC
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Legends Business Group, Inc. (PC) (USOTC:LGBS)
Intraday Stock Chart
Today : Thursday 15 November 2012
Legends Business Group (PINKSHEETS: LGBS), today announced that testing on the MFCC has already begun and the company is awaiting results. The Third Party testing facility had previously received the MFCC from Legends and the results are expected back within the next few weeks.
"It's an exciting step for Legends and we are eager to compare the results against what we have found in our own testing," said Rudy Sablon, LGBS's President and CEO.
Legends initially had announced it had secured NDA's from various Third Party entities back on August 29, 2012. Due to the poor response time, inability to come to an agreement on fees, and to prevent further delays in the testing phase, Legends has authorized the manufacturing company hired to research and obtain the Third Party testing facility. This will keep the company at true arm's length of the testing. Legends was informed the manufacturing company has hired an independent testing facility out of Ohio which has tested several similar high efficiency products in the past. "Legends feels this process will speed up test results and validation for this and future tests, allowing Legends to have more unbiased results," said Rudy Sablon.
The MFCC is described as a state-of-the-art multi-function charging controller, which digitally and thermally continuously adjusts throughout its charging cycle. The device will automatically detect and charges 12, 24, 36, and 48VDC lead acid batteries utilizing complex charging algorithms in association with bi-directional feedback to attain the optimal charging sequence for each charging session.
One of Legends new undertakings is overall transparency to its shareholders; visit our website under current projects to find updates on the MFCC. 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," 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.