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.
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