MIAMI, May 26, 2011 (GLOBE NEWSWIRE) -- Legends Business Group (Pink Sheets:LGBS) and Cartina International today announced they have completed a deal for the exclusive United States sales and distribution rights of what is believed to be one of the world's most efficient Small Hydroelectric Power (SHP) plants. Under the terms of the agreement, Legends will directly market the advanced European technology that uses a patented process created by Austrian inventor Lamella.
"Not only are we pleased to be working with Legends but we're proud to be able to provide this ground-breaking technology to the domestic market," said Carlos Chomut, president of Cartina International. He continued, "Hydroelectric power is one of the most sustainable forms of renewable energy as it depletes no resources, produces no emissions and has minimal, if any, negative environmental impact. The Lamella Turbine with its patented technology is amazingly efficient and has the potential to revolutionize the future of small hydroelectric power plants."
Rodolfo Sablon, president and CEO of Legends power, said the goal of the two parties is to expand the reach of the Lamella Turbine technology.
"The applications for this technology are immeasurable," said Sablon. "The efficiencies it provides offer small communities and large industrial sites, both domestically and internationally, a viable power source option far greater than traditional water wheel based technology."
SHP plants generate electricity by converting the energy available in the flowing water of rivers, canals and streams. The Lamella Turbine derives increased efficiency from its proprietary blade system.
Cartina International is a Florida-based professional firm headed by Carlos Chomut who holds a degree in Civil Engineering from the prestigious Israel Institute of Technology. His career includes ventures in aviation, telecommunications, manufacturing, construction and M & A. Chomut's Cartina/QuantumJet Group has negotiated a combined value of more than $5 billion in groundbreaking transactions.
For more information and a video presentation of the Power Lamella Turbine go to:
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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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
