SOURCE: Legends Business Group, Inc.
MIAMI, FL--(Marketwire - Nov 8, 2012) - Legends Business Group (PINKSHEETS: LGBS) today announced that its Vice President has returned from the Hong Kong Electronics Fair and Canton Fair in Guanzhou with potential new parts for the Multi-Function Charger Controller (MFCC), new relationships with manufacturers of innovative energy devices and promising interest in the Chinese market for the MFCC.
"The company was successful in meeting its travel objectives while attending the world's largest electronic fairs," said Rudy Sablon, President and CEO of Legends. "It was a great step forward for Legends to see the detailed process of the international trade market. We feel strongly about the manufacturers, devices, and contacts that were made while visiting China and look forward to strengthening our newly made relationships."
Legends was able to secure an order for aluminum cases for the Zombie Charger line at 20% of their best prior quotes. Delivery to the US, directly to our manufacturer, is expected to be within the next two to three weeks. Some of the contacts made while attending the fair could be used as potential future parts providers for the MFCC and Restorer Charger (RC) and could eventually result in lower manufacturing costs and as well as allow for a more efficient manufacturing process in the US. Additionally, contacts were made with other attractive energy efficient products that could be added to Legend's upcoming US product line.
In experiencing the Chinese culture, there was a realization of a vast demand for battery-operated vehicles, such as bicycle style electric bikes (BSEB) and scooter style electric bikes (SSEB) due to their low energy consumption and zero tail-pipe emissions. However, we think this demand presently seems to be met by what looks like an inefficient, non-environmentally friendly, and wasteful use of batteries. Legends feels that the MFCC would be a great fit for the Chinese market, which could have a great demand for energy efficient products such as the MFCC. During his networking, the company executive met contacts in Ningbo, a seaport city in the Zhejiang province ROC, which could help Legends potentially break in to the Chinese market. With Ningbo's abundance of bicycle style electric bikes (BSEB) and scooter style electric bikes (SSEB), this city in the future could be a great testing ground and selling place for their chargers and restorers.
One of Legends' new undertakings is overall transparency to its shareholders; this can be demonstrated on our website. Visit: http://www.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.