Legends Executes Agreement for Restorer-Charger
October 10 2012 - 9:30AM
Marketwired
Legends Business Group (PINKSHEETS: LGBS) today announced it has
completed an agreement under which Legends has the exclusive rights
to manufacture and distribute the Restorer-Charger (RC).
Under the terms of the agreement, Legends Business Group will
have the rights to beta test, manufacture and distribute the RC in
exchange for ten million shares of restricted common stock and a
small percentage of gross revenue per unit.
Described as a state-of-the-art battery restorer, the RC is
based on the MFCC charging technology. The Restorer-Charger can be
powered by either, an AC or Solar input and will automatically
restore and charge lead acid or sealed lead acid batteries. This
unit can also provide real time information to a terminal session
established on a computer via a standard onboard serial displaying
how long it takes the battery to drain and how long it takes to
recharge. In using this information, the computer will determine
when the battery is at its peak charge and is ready to be
unplugged. Like the MFCC the restorer utilizes complex charging
algorithms in association with bi-directional feedback to attain
the optimal charging sequence for each charging sessions. Unlike
conventional rejuvenators and de-sulfating equipment, which tend to
use high current to restore batteries the RC continuously adjusts
throughout its complex cycle. "Our testing shows the net result is
less energy used, more energy stored along with higher resting
voltage, and a fully restored battery life," said its' creator. The
RC and MFCC creators are expected to be announced upon the closure
of the their ongoing endeavors with Legends.
"To our knowledge the Restorer-Charger is the only product that
not only charges the batteries, but also drains the battery," said
Rudy Sablon, President and CEO of Legends. He adds, "If the
Restorer-Charger is plugged into the grid, the total power consumed
to recondition a battery back to a fully charged state, is
equivalent to illuminating a 100W light bulb. Conventional
rejuvenation and de-sulfating equipment tend to be very inefficient
and can consume as much as 10 times this amount."
One of Legends' new undertakings is overall transparency to its
shareholders; this can be demonstrated on our website under current
projects -- RC Agreement. 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 Email: Email Contact Corporate:
Rodolfo Sablon Phone: 305-767-7993 Email: Email Contact
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