SOURCE: Legends Business Group, Inc.

February 27, 2009 13:44 ET

Legends Business Group, Inc. Signs New Referral Agent Agreement With Mobile Application Services Provider

CASSELBERRY, FL--(Marketwire - February 27, 2009) - Legends Business Group, Inc. (PINKSHEETS: LGBS) announced today it has entered into a nonexclusive agent referral agreement with a leading mobile applications and services provider.

Legends Business Group, Inc. will now provide its digital content clients the opportunity to bill for goods and services utilized on mobile devices, to their consumers' mobile phone bill. "I am very pleased with the quality of our latest client offerings and the continued development of business relationships with leaders of the mobile applications and services industry," stated Larry Powalisz, President and CEO of LGBS.

"Our goal is to deliver the high-quality support alternatives that will grow with the businesses of our clients. Recent IT developments in the mobile applications and payment processing services industry allow leaders to utilize proprietary loss prevention technology to maximize billing authorizations and payment fulfillment levels. Our newly forged relationships within the mobile applications and services industry will open significant and largely untapped revenue streams for LGBS," continued Powalisz.

Powalisz says, "A recent Nielson Mobile survey suggests that wireless-only households have reached about 17 percent nationwide. We believe that number will continue to grow. Mobile billing and its recent improvements in risk-management measurements are quickly evolving into a viable payment alternative for the Digital Content Community."

"Sophisticated consumers are now demanding payment alternatives for their digital content products and services. They want to be billed on one monthly statement that is associated with the mobile device the services were delivered on. A huge and previously unexplored market for digital content services exists for products and services that can be billed directly to a mobile delivery device," said Larry Powalisz. Legends Business Group remains focused on enhancing client products and services through delivery and billing systems that benefit their sophisticated consumers.

About Legends Business Group, Inc.:

Legends Business Group, Inc. is a Pink Sheet 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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