Legends Business Group Inks Deal for Exclusive United States Marketing Rights for Patented Lamella Turbine
May 26 2011 - 7:30AM
Legends Business Group (Pink Sheets:LGBS) and Cartina International
today announced they have completed a deal for the exclusive United
States sales and distribution rights of what is believed to be one
of the world's most efficient Small Hydroelectric Power (SHP)
plants. Under the terms of the agreement, Legends will directly
market the advanced European technology that uses a patented
process created by Austrian inventor Lamella.
"Not only are we pleased to be working with Legends but we're
proud to be able to provide this ground-breaking technology to the
domestic market," said Carlos Chomut, president of Cartina
International. He continued, "Hydroelectric power is one of the
most sustainable forms of renewable energy as it depletes no
resources, produces no emissions and has minimal, if any, negative
environmental impact. The Lamella Turbine with its patented
technology is amazingly efficient and has the potential to
revolutionize the future of small hydroelectric power plants."
Rodolfo Sablon, president and CEO of Legends power, said the
goal of the two parties is to expand the reach of the Lamella
Turbine technology.
"The applications for this technology are immeasurable," said
Sablon. "The efficiencies it provides offer small communities and
large industrial sites, both domestically and internationally, a
viable power source option far greater than traditional water wheel
based technology."
SHP plants generate electricity by converting the energy
available in the flowing water of rivers, canals and streams. The
Lamella Turbine derives increased efficiency from its proprietary
blade system.
Cartina International is a Florida-based professional firm
headed by Carlos Chomut who holds a degree in Civil Engineering
from the prestigious Israel Institute of Technology. His
career includes ventures in aviation, telecommunications,
manufacturing, construction and M & A. Chomut's
Cartina/QuantumJet Group has negotiated a combined value of more
than $5 billion in groundbreaking transactions.
For more information and a video presentation of the Power
Lamella Turbine go to: http://www.legendspower.com/shp
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 Jun 2024 to Jul 2024
Legends Business (CE) (USOTC:LGBS)
Historical Stock Chart
From Jul 2023 to Jul 2024