Legends Attends Renaissance Free Energy Convention 2011
August 31 2011 - 8:30AM
Legends Business Group (Pink Sheets:LGBS) today announced its
impressions with the research and development presented at the
Renaissance Free Energy Convention hosted recently at the Coeur
d'Alene Resort. Attending the conference on behalf of Legends was
one of their top electrical engineers and an energy consultant.
"The feedback we received from our expert technician's was
exciting," said Rudy Sablon, President and CEO of Legends. For
example new types of battery technology presented by Energenx, Inc.
(EENX) and John Bedini could change the whole energy storage
market. "This is the type of investment we here at Legends foresaw
as being fruitful in the future, and so far our predictions seem to
have been correct."
Some of the key points Legends expert technician's found
interesting, was when one of Energenx executives divulged future
plans to enter the Chinese bicycle and other battery powered
devices market. "China has a vast battery powered transportation
market and Energenx has been contracted to break into this market
and produce their battery technology to meet China's ever growing
transportation needs," said Energenx. According to The Freedonia
Group, Inc, "Demand for batteries in China is expected to grow 8.5
percent annually through 2013. Growth will be driven by increasing
the output of battery-powered products and an ongoing shift toward
value-added batteries for export." Energenx further revealed that
they have a royalty-based agreement in place for China and this
could exponentially increase the value of Legends investment in
Energenx.
Other breakthroughs disclosed by Bedini involved a type of
crystal battery that is expected to last for an extremely long
period of time. This battery technology only needs small amounts of
water for maintenance making it an almost perfect self-sustainable
power source. The use of magnesium as a fuel source is not a new
technology, but Bedini was able to concentrate it down to one extra
efficient energy gathering and storage device. Also announced by
Bedini is a new type of efficient battery charging circuit capable
of restoring and charging all flooded lead-acid, Sealed Gel-Cells,
Ni-MH and NI-CD batteries, the charging times will vary according
to the battery's condition. Unlike conventional battery chargers,
no excess heat build-up occurs. This circuit can revolutionize the
way we charge, recycle and use batteries forever.
For more information on this new technology, visit
http://www.r-charge.com and go "Green" for the environment and our
children.
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
Email: info@legendspower.com
Corporate:
Rodolfo Sablon
Phone: 305-767-7993
Email: info@legendspower.com
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