SOURCE: Legends Business Group, Inc.
MIAMI, FL--(Marketwire - Oct 10, 2012) - 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.