SOURCE: Legend Investment Corporation

January 19, 2006 09:24 ET

Legend Investment Completes Second Sale of Solar Energy Products

DETROIT, MI -- (MARKET WIRE) -- January 19, 2006 -- Legend Investment Corp. (OTC: LVCP) today announced that it has successfully completed its second alternative energy transaction. The company's solar energy division has purchased and resold $200,575 worth of solar modules this month.

The total value of transactions of solar products completed by the company in the past two months is now $567,605. All of the sales were made to customers outside of the United States. The company expects to secure additional sales in the coming weeks.

Legend Investment plans additional development of its solar energy division to service customers inside and outside the United States. This week the California Public Utilities Commission passed the California Solar Initiative (CSI), an historic plan that allots USD $3.2 billion for solar energy rebates in the state for the next 11 years, providing for the installation of approximately 3000 MW of solar energy.

"We are seeing real revenue opportunities in the alternative energy space. Our abilities to access the capital markets coupled with the demand for supplies of alternative energy bode well for building shareholder value," said Peter Klamka, President of Legend Investment.

Legend Investment will continue to look for acquisitions in alternative energy.

Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as "believes," "soon," "anticipates," "plans," or "expects," and other statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties including the ability of the company to conclude any negotiations, form any subsidiaries, sell additional solar products at a profit, develop any business from those subsidiaries, or acquire any alternative energy company. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements. Reference is made to the Company's filings with the Securities and Exchange Commission for a more complete discussion of such risks and uncertainties.

Contact Information

  • Contact
    Legend Investment Corporation
    Email Contact