Tuesday, July 10, 2012

LGBS $.0001 To $.004 This Year

LGBS continued its upward move today as news hit the wires.  The stock has seen a slow steady move higher and could see further gains this year.

The stock has seen modest buying volume and selling has been light, if this keeps up the stock could trade over $.01 in the short term.

Legends Seeks Rights to New Battery Charging Technology and Begins Process to Become Fully Reporting

GlobeNewswire   "Press Releases"

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:
Source: Legends Business Group, Inc.

No comments: