LEGENDS DESIGNS ENERGY EFFICIENT LIGHT BULB AS THIRD PRODUCT; SEEKS MANUFACTURER
May 06 2013 - 8:45AM
OTC Markets
Legends Business Group, Inc. – Legends Looks to
Develop Ultra Efficient LED Light Bulbs With Five-Watt Consumption
equal to Sixty-Watt Lighting Output.
Legends Business Group (LGBS: PK), today announced the
company’s new Executive Energy Consultant, Jeff Wilson, as part of
Legends research and development team, has designed a circuit
which consumes about 3.7-watts and is capable of powering multiple
light-emitting diodes (LEDs) at a 60 Watt output equivalent. The
ultra-efficient circuit is in its final conceptual stage and still
requires enough miniaturization so as to be small enough to fit
inside a standard 60 Watt styled bulb.
Legends has been actively requesting quotes from overseas
manufacturers capable of tooling and creating an extremely energy
efficient light bulb. The specifications require that the bulb have
a maximum energy consumption of 5 Watts, have the equivalent
lighting brightness of a standard 60 Watt incandescent bulb and
have a normal-use life expectancy of at least 50,000 hours.
“Today’s LED bulbs look so different from the incandescent
light bulbs we grew up seeing,” said Rudy Sablon, LGBS’s President
and CEO. “Odd shapes and light colors have made the latest LED
bulbs on the market today somewhat unpopular to American consumers.
Users want a bulb that is eco-friendly and has the look and feel of
the standard sixty-watt incandescent light bulb they are familiar
with.” Most current CFL and LED bulbs on the market today use about
12 Watts of power and have several other drawbacks.
In 2011, the US congress fought to repeal a law phasing out
incandescent bulbs, and studies now show that conservative US
shoppers are turned off by the current offering of LED and CFL
light bulbs. With high prices and modern designs the US consumer
has been reluctant to switch. Legend’s goal is to design and
manufacture an ultra-efficient LED bulb that will be modeled and
designed to look and act just like a sixty-watt incandescent light
bulb but yet be 90% more energy efficient than an LED and 50% more
efficient than a CFL bulb.
If you would be interested in distributing Legends products,
please email Legends at info@legendspower.com
For more information on Legends current projects, 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
Email: info@legendspower.com
Corporate:
Rodolfo Sablon
Phone: 305-767-7993
Email: info@legendspower.com
Legends Business (CE) (USOTC:LGBS)
Historical Stock Chart
From Jun 2024 to Jul 2024
Legends Business (CE) (USOTC:LGBS)
Historical Stock Chart
From Jul 2023 to Jul 2024