MIAMI BEACH, Fla., March 8, 2011 (GLOBE NEWSWIRE) -- Legends Business Group (Pink Sheets:LGBS) today announced it has engaged the services of a Miami-based, boutique grant specialist to apply for a series of Federal grants. The firm will seek out grants related to research and development of products that enhance current renewable energy technologies.
"While we have an extensive portfolio of affordable alternative energy products on our website our long-term goal continues to be to reach out to developers to incubate alternative and exotic energy concepts," said Rolando Sablon, President of Legends Business Group. "Funding for such projects is available at the Federal level and we intend to get our fair share."
According to Sablon, the grant specialist will work with Legends on a project by project basis.
"The firm we have engaged is charging us a very modest hourly fee with most projects not to exceed 10 hours," said Sablon. "We feel it is important that we closely monitor this effort and maintain tight control of the budgeting."
Sablon said the firm is currently working on its first grant application.
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 Rolando Sablon Phone: 305-767-7993 Email: info@legendspower.com
