LEGENDS EXECUTES AGREEMENT FOR MULTI-FUNCITION CHARGER CONTROLLER
Jul 31, 2012
OTC Disclosure & News Service
Miami, FL -
Legends Business Group, Inc. announced exclusive rights to manufacture and distribute proprietary Multi-Function Charger Controller (MFCC)
Legends Business Group (LGBS: PK) today announced it has completed an agreement under which Legends has the exclusive rights to manufacture and distribute the Multi-Function Charge Controller (MFCC).
Under the terms of the agreement, Legends Business Group will have the rights to beta test, manufacture and distribute the MFCC in exchange for ten million shares of restricted common stock and a small percentage of gross revenue per unit. In addition to exercising its new rights, Legends has also agreed that it will make its’ best efforts to become a fully reporting Bulletin Board company by the end of the fourth reporting quarter of 2012.
“Since discovering the existence of the MFCC, Legends has been working along side of its creator to ensure this product became a reality,” said Rudy Sablon, LGBS’s President and CEO. “I’m proud to finally announce this long awaited unveiling.”
“Described as a state-of-the-art multi-function charging controller, the MFCC, is powered by either an AC or Solar input and will automatically detect and charge lead acid or sealed lead acid batteries. The device will automatically adjust for the following voltages, 12, 24, 36, and 48VDC. This unit will also provide real time charging information to a terminal session established on computer via a standard onboard serial port. The MFCC utilizes complex charging algorithms in association with bi-directional feedback to attain the optimal charging sequence for each charging sessions. Unlike conventional chargers, which tend to use only one method and one direction, the MFCC digitally and thermally continuously adjusts throughout the charging cycle. The net result is more energy stored along with higher resting voltage and longer battery life,” said its’ creator, who’s name will be announced pending closure of ongoing endeavors with Legends. To find out more details about the MFCC please 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.
Contact:
Investor / Public Relations:
Rodolfo Sablon
Phone: 305-767-7993
Corporate:
Rodolfo Sablon
Phone: 305-767-7993
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.