SOURCE: Legends Business Group, Inc.
MIAMI, FL--(Marketwire - Oct 2, 2012) - Legends Business Group (PINKSHEETS: LGBS) announced today it entered into a Letter of Intent (LOI) to acquire the exclusive rights to manufacture and distribute what Legend's thinks will be the next step in battery-charging restoration. The Restorer-Charger (RC) will be the second device to be manufactured and sold under the Zombie Chargers product line.
Under the terms of the LOI, Legends will attain, beta test, manufacture, and distribute a 12V Battery Restorer. While the terms of the final agreement will be announced after closing, the acquisition is projected to be completed with an offering of ten million restricted common shares and a percentage of gross revenue going to the inventor.
"The Restorer Charger is the next step in the development of the Zombie Chargers alternative energy product line," said Rudy Sablon, President and CEO of Legends. "Discarding 12V batteries due to age is a waste problem that can be avoided. The restorer Charger can help eliminate the waste by allowing the users to restore batteries back to a higher resting voltage and reducing the need to buy replacements." The company plans to offer a complete line of alternative energy products, focusing initially on "battery charging" with the Multi-Function Charge Controller (MFCC) and now branching out to battery restoration with the Restorer-Charger (RC).
Legends plans to find an independent 3rd party testing company to test and confirm the Restorer-Charger, record and analyze the company's own beta tests, and keep all information on the Restorer-Charger transparent for our shareholders.
One of Legends new undertakings is overall transparency to its shareholders; this can be demonstrated on our website under current projects -- Letter of Intent Restorer. Visit: http://legendspower.com/current_projects.php
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.