MIAMI, July 31, 2012 (GLOBE NEWSWIRE) -- Legends Business Group (LGBS:PK) today announced it has completed an agreement under which Legends has the exclusive rights to manufacture and distribute the Multi-Function Charge Controller (MFCC).
Under the terms of the agreement, Legends Business Group will have the rights to beta test, manufacture and distribute the MFCC in exchange for ten million shares of restricted common stock and a small percentage of gross revenue per unit. In addition to exercising its new rights, Legends has also agreed that it will make its' best efforts to become a fully reporting Bulletin Board company by the end of the fourth reporting quarter of 2012.
"Since discovering the existence of the MFCC, Legends has been working along side of its creator to ensure this product became a reality," said Rudy Sablon, LGBS's President and CEO. "I'm proud to finally announce this long awaited unveiling."
"Described as a state-of-the-art multi-function charging controller, the MFCC is powered by either an AC or Solar input and will automatically detect and charge lead acid or sealed lead acid batteries. The device will automatically adjust for the following voltages, 12, 24, 36, and 48VDC. This unit will also provide real time charging information to a terminal session established on computer via a standard onboard serial port. The MFCC utilizes complex charging algorithms in association with bi-directional feedback to attain the optimal charging sequence for each charging sessions. Unlike conventional chargers, which tend to use only one method and one direction, the MFCC digitally and thermally continuously adjusts throughout the charging cycle. The net result is more energy stored along with higher resting voltage and longer battery life," said its creator, whose name will be announced pending closure of ongoing endeavors with Legends. To find out more details about the MFCC please visit http://www.legendspower.com/current_projects.php
One of Legends new undertakings is overall transparency to its shareholders; this can be demonstrated on our website under current projects – MFCC 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: www.legendspower.com/" target="_top" rel="nofollow">http://www.legendspower.com
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