Legends Business Group Continues Acquisition Talks With Florida-Based Engineering Firm
March 23 2011 - 7:30AM
Legends Business Group (Pink Sheets:LGBS) announced today that it
has conducted further meetings with the Florida based engineering
firm that it had recently engaged and although negotiations are
still in place, no outcome is ready yet with respect to Legends
acquisition of the company.
"The good news is that we have reached a new agreement with the
firm," said Rolando Sablon, president of Legends Business Group.
"We have engaged them to perform parallel research and development
of alternative energy products that Legends Power has under its own
research. We will continue to discuss an acquisition while we
jointly work on these projects."
It had been previously announced that Legends was negotiating
the acquisition of this Florida-based engineering firm which
actively designs and manufactures electronics for several clients
including a major amusement park in Florida and California. The
firm specializes in both analog and digital engineering solutions,
including robotics, for its customers.
Sablon said the potential acquisition of this firm would
accelerate the Company's efforts in the development of existing
solar energy and wind power designs with the goal of enhancing the
efficiency within these types of technologies.
Legends Business Group recently announced it has engaged the
services of a Miami-based, boutique grant specialist to apply for a
series of Federal grants.
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.
CONTACT: Investor Relations:
Dave Donlin
Phone: 407-299-2377
Email: dave@thecervellegroup.com
Public Relations:
Peter Nasca
Phone: 954-473-0677
Email: pnasca@pnapr.com
Corporate
Rolando Sablon
Phone: 305-767-7993
Email: info@legendspower.com
Legends Business (CE) (USOTC:LGBS)
Historical Stock Chart
From Sep 2024 to Oct 2024
Legends Business (CE) (USOTC:LGBS)
Historical Stock Chart
From Oct 2023 to Oct 2024