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Legends Business Group Announces Sales Agreement With Green World Electric Co., Ltd. for Power Jack Products
Legends Business Grp (USOTC:LGBS)
Intraday Stock Chart
Today : Tuesday 5 April 2011
Legends Business Group (Pink Sheets:LGBS), today announced that Legends Power has agreed with Taiwan-based Green World Electric Co., Ltd. to distribute energy transfer products manufactured by Power Jack Electric Co.
Legends Power expects to include several of these very efficient Grid-Tie Power inverters in their recently announced alternative energy do-it-yourself (DIY) home kits. A grid-tie inverter or a (GTI) is a special type of Inverter (electrical) that is used in a renewable energy power system to convert direct current into alternating current and feed it into the utility grid.
"We have been searching for just the right components for our kits and have found that these are one the easiest to install devices on the market today," said Rolando Sablon, president of Legends Power. "Connecting external power generating devices to an existing structures' wiring is usually the trickiest and most dangerous component for a DIY installer. Using the Power Jack units, this facet of the build simply and quickly becomes the easiest."
The company recently announced it had begun to develop an affordable, alternative energy do-it-yourself (DIY) home kit.
Sablon said research is currently in the works and Legends Power will have a choice of residential and small business DIY kits available soon. Interested parties should stay in close contact with the company's website for more information. www.legendspower.com
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.