SOURCE: Legends Business Group, Inc.

October 20, 2008 08:45 ET

Legends Business Group, Inc. Projects $1.5 Million in Third Quarter

CASSELBERRY, FL--(Marketwire - October 20, 2008) - Legends Business Group, Inc. (OTCBB: LGBS) announced today that its projected financial results for the third quarter of 2008, which ended September 30, 2008, have exceeded expectations as a result of the improved performance in all of its client companies. Based on a revised analysis of current revenues, Legends Business Group expects third quarter gross revenues to exceed original estimates in excess of $600,000 (six hundred thousand dollars). Gross revenue increases are inclusive of consulting, brokerage and agent fees. These changes in gross revenue are reflective of an increase in gross client revenues of approximately $1.5 million ($1,500,000) for the quarter. This equates to a projected net profit of approximately 20% (twenty percent) or $300,000 (three hundred thousand dollars) for LGBS, in the third the quarter.

Larry Powalisz, Legends president and chief executive officer, commented, "I'm very pleased to announce that we are having an exceptionally good quarter, exceeding our revenue guidance and earnings expectations. The revenues booked thus far in 2008 are indicative of the aggressive marketing strategies put in place during our development stages. The nature and practices of our business dictate a three to six month transitional period before revenues are realized. Once realized, revenues accrue on a monthly reoccurring basis and grow as campaigns and clients are developed."

"This is only the beginning of our growth. We continue to pursue a number of other large proposals from many of our existing and potential new clients with several campaigns poised to mature in the fourth quarter and throughout next year. We fully expect to gain further momentum as we progress forward. We anticipate that the rapid increase in revenues and growth will have a very positive impact on our margins. Our focus on customer support services and professional relationships will continue to further enhance the current and future needs of our clients," added Powalisz.

About Legends Business Group, Inc.:

Legends Business Group, Inc. is an Over the Counter Bulletin Board stock which trades under the symbol LGBS. To obtain additional information about Legends Business Group, Inc., please visit the Company's website, which may be found at: www.lbgi.net.

This press release contains statements that are "forward-looking," and involve a number of risks and uncertainties. Statements that are not historical facts are considered forward-looking statements, and are subject to Safe Harbor provisions as defined in the United States Private Securities Litigation Reform Act of 1995 Company results and performance may be materially different from future results, strategies, plans or goals expressed or implied by any forward-looking statements made herein. The Company disclaims any obligation to update or revise any forward-looking statements.

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