Rolando Sablon to Step Down as CEO and Director of Legends Business Group
May 03 2011 - 8:30AM
Legends Business Group (Pink Sheet:LGBS) today announced that
Rolando Sablon has resigned from his positions as Chief Executive
Officer and Director effective immediately. Sablon will pursue
other opportunities. The Board of Directors has approved the
appointment of Rodolfo Sablon as President and Chief Executive
Officer. Rodolfo Sablon was recently appointed to head Legend's new
grant writing division on April 21, 2011.
"Overseeing Legends has been an honor," said Rolando Sablon. "I
am very proud of the direction Legends has pursued and I am very
confident in Rodolfo's vision to take Legends to a new level of
market leadership."
Rodolfo Sablon is an altruistic entrepreneur with a Bachelor in
Science from Florida International University. Rodolfo serves as a
director for The Motivational Edge as well as ventured into his
entrepreneurial endeavors, becoming CEO and Founder of APEX
Tutoring. As a result of his leadership and direction, APEX
Tutoring has flourished and he now has a franchise with operations
expanding into four other states. Among other things Rodolfo is
also an expert grant-writing specialist. During his career Rodolfo
Sablon has written many grant proposals for non-profit
organizations and has been instrumental in the implementation of
various worthwhile projects.
"This is an exceptional opportunity not only to create
shareholder equity but to do so while helping save our planet,"
said Rodolfo Sablon. "Environmental sustainability and
independence from fossil fuels should be a primary goal of every
American. Legends presents an outstanding platform to participate
in that effort."
The Company also announced that it is continuing talks regarding
the acquisition of a Florida-based Engineering firm, which was
previously announced on Mar 23, 2011.
According to the Company negotiations are ongoing with the firm
towards achieving both parties' mutual goal of finalizing and
executing a definitive agreement. Legends also announced the
engineering firm has completed one of the two variations of
alternative energy products it announced on Mar 25, 2011. This
product is now in Legends final testing phase prior to its public
release. Although negotiations are still in progress, Legends is
unable to disclose any new information regarding the merger and
product. All material events, current, on going and planned will be
communicated to the shareholders and public alike
simultaneously.
The Florida-based engineering firm actively designs and
manufactures electronics for several clients including a major
amusement park in Florida and California. The firm specializes in
both analog and digital engineering solutions, including robotics,
for its customers.
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 Relations:
Dave Donlin
Phone: 407-299-2377
Email: dave@thecervellegroup.com
Public Relations:
Peter Nasca
Phone: 954-473-0677
Email: pnasca@pnapr.com
Corporate
Rodolfo Sablon
Phone: 305-767-7993
Email: info@legendspower.com
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