Legends Business Group Signs Letter of Intent for Exclusive United States Rights to Market Highly Efficient Small Hydroelectric Power (SHP) Plant

/ Source: GlobeNewswire

MIAMI, May 19, 2011 (GLOBE NEWSWIRE) -- Legends Business Group (Pink Sheet:LGBS) and Cartina International are pleased to announce that the parties have signed a Letter of Intent (LOI) for the exclusive United States sales and distribution rights of what is one of the world's most efficient Small Hydroelectric Power (SHP) plants.

"I believe this LOI paves the way for a win-win partnership for Legends Power and Cartina International," says Rodolfo Sablon, Legends Power President and Chief Executive Officer. Sablon continued to explain, "Legends Power is pleased to partner with Cartina International in this new undertaking. The parties have made a significant investment in this endeavor and our organization anticipates this to be the first step into more ventures in this arena."

The aim of this planned arrangement between the parties is to assist Legends Power in bringing this exclusive European technology to the United States with the expectation of becoming the engineering, procurement and construction (EPC) contractor for the SHP plants as their exclusive U.S. sales and marketing arm.

SHP plants generate electricity by converting the energy available in the flowing water of rivers, canals and streams.

Cartina International is a Florida based professional firm specializing in all aspects of marketing, sales, mergers and acquisitions of privately held entrepreneurial companies.

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:

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 Relations: Dave Donlin Phone: 407-299-2377 Email: dave@thecervellegroup.com Public Relations: Peter Nasca Phone: 954-473-0677 Email: pnasca@pnapr.com Corporate: Rodolfo Sablon Phone: 305-767-7993 Email: info@legendspower.com