Legends Business Group Receives Test Results for Their Restorer Charger
November 29 2012 - 9:00AM
Marketwired
Legends Business Group (PINKSHEETS: LGBS), announced yesterday that
their Restorer Chargers (RC) has been undergoing performance
testing over the last several weeks. Testing has been completed by
a third party testing facility and they have submitted their
preliminary testing report for review.
The Restore Charger's performance test was expected to verify
the claim that the Zombie Battery Restorer is capable of
reconditioning common discarded lead-acid batteries used mostly in
the automotive industry. The RC is designed to recover 12 V lead
acid batteries ranging from 4 Ah in capacity and above. The RC's
primary function is to restore mostly older, non-functioning
batteries, which will no longer take a charge using the standard
chargers available on the market today. Using proprietary
programming and pulse-charging techniques, this technology is
claimed to overcome several of the limitations of existing
technologies; the inability to reverse the negative effects of
early failure due to sulfation on a battery's plates and thus the
inability of restoring a battery to a like new status.
"Testing results from the Restorer Charger were over and above
with what the company expected," said Rudy Sablon, LGBS's President
and CEO. Legends will post these final testing results for the
Restorer Charger on the website in the next week or so.
During the process of reviewing information for their audit, it
was found that there was an error in the Freely Tradable Shares
(Public Float). This information was corrected in Item VI of the
2012 Third Quarter Narrative; Freely Tradable Shares (Public Float)
for Years 2010 The company found that an error had occurred during
the Annual 2010 report, which disclosed the Public Float at
1,124,215,000. During the Public Float calculation prior management
applied the issuance of shares purchased from Intercontinental
Systech, Inc merger and the majority ownership change to Rolando
Sablon as belonging to the public float figure in that 2010 Annual
Report. This calculation was found to be incorrect as these shares
were restricted at the time of issue and still are.
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