Legends Business Group Signs Letter of Intent for Exclusive United States Rights to Market Highly Efficient Small Hydroelectric
May 19 2011 - 7:46AM
Legends Business Group (Pink Sheet:LGBS) and Cartina International
are pleased to announce that the parties have signed a Letter of
Intent (LOI) for the exclusive United States sales and distribution
rights of what is one of the world's most efficient Small
Hydroelectric Power (SHP) plants.
"I believe this LOI paves the way for a win-win partnership for
Legends Power and Cartina International," says Rodolfo Sablon,
Legends Power President and Chief Executive Officer. Sablon
continued to explain, "Legends Power is pleased to partner with
Cartina International in this new undertaking. The parties have
made a significant investment in this endeavor and our organization
anticipates this to be the first step into more ventures in this
arena." The aim of this planned arrangement between the parties is
to assist Legends Power in bringing this exclusive European
technology to the United States with the expectation of becoming
the engineering, procurement and construction (EPC) contractor for
the SHP plants as their exclusive U.S. sales and marketing arm.
SHP plants generate electricity by converting the energy
available in the flowing water of rivers, canals and streams.
Cartina International is a Florida based professional firm
specializing in all aspects of marketing, sales, mergers and
acquisitions of privately held entrepreneurial companies.
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:
Rodolfo Sablon
Phone: 305-767-7993
Email: info@legendspower.com
Legends Business (CE) (USOTC:LGBS)
Historical Stock Chart
From Oct 2024 to Nov 2024
Legends Business (CE) (USOTC:LGBS)
Historical Stock Chart
From Nov 2023 to Nov 2024