MIAMI BEACH, Fla., March 23, 2011 (GLOBE NEWSWIRE) -- Legends Business Group (Pink Sheets:LGBS) announced today that it has conducted further meetings with the Florida based engineering firm that it had recently engaged and although negotiations are still in place, no outcome is ready yet with respect to Legends acquisition of the company.
"The good news is that we have reached a new agreement with the firm," said Rolando Sablon, president of Legends Business Group. "We have engaged them to perform parallel research and development of alternative energy products that Legends Power has under its own research. We will continue to discuss an acquisition while we jointly work on these projects."
It had been previously announced that Legends was negotiating the acquisition of this Florida-based engineering firm which 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.
Sablon said the potential acquisition of this firm would accelerate the Company's efforts in the development of existing solar energy and wind power designs with the goal of enhancing the efficiency within these types of technologies.
Legends Business Group recently announced it has engaged the services of a Miami-based, boutique grant specialist to apply for a series of Federal grants.
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:
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CONTACT: Investor Relations: Dave Donlin Phone: 407-299-2377 Email: email@example.com Public Relations: Peter Nasca Phone: 954-473-0677 Email: firstname.lastname@example.org Corporate Rolando Sablon Phone: 305-767-7993 Email: email@example.com