Legends Business Group Releases Details of the Public Power Challenge
MIAMI BEACH, Fla., Jan. 25, 2011 /PRNewswire/ -- Legends Business Group (Pink Sheets: LGBS), is pleased to announce that it is making a public power challenge; Legends Power is looking for someone that has invented and perfected a device that can generate and sustain electrical power on its own. If selected, Legends Power will fund what it takes to make that person's device a commercial reality.
The details of the power challenge are:
A PUBLIC POWER CHALLENGE
Legends Power is making a public POWER challenge and YOU may be the one to meet the need!
Legends Power, out of Miami Beach, Florida, is looking for someone that has invented and perfected a device that can generate and sustain electrical power on its own. If selected, Legends Power will fund what it takes to make that persons device a commercial reality.
What we are offering:
Legends Power is offering a chance to turn some lucky inventor, garage tinkerer or weekend mechanic into a businessman and, most likely, a very wealthy one at that. The approved device we select will be meticulously analyzed; its design will be finished into a commercial version that can be mass produced and sold. Legends will then take that device into the market.
The approved device's creator will not be required to invest into any of the process to get their device to market. He/She will be guaranteed a share of the profits derived from the sales of that device for as long as it is being sold by Legends Power.
What we are looking for:
* A stand-alone mechanical or chemical based device that produces AT LEAST 100 watts of continuous AC or DC power at 12 volts or more. This means that a 100 volt device that produces 1 amp qualifies just like a 12 volt device producing 9 amps. This power must be reasonably steady in its output values and would be considered qualified if it can sustain this power for a period of AT LEAST 30 days.
* You will need to provide the device itself along a written documentation or layout of what it took you to build it. Details would include schematics, parts lists and processes. The device itself will be used as a basis to create the commercial version based on your documentation combined with our expertise in production manufacturing.
* The device needs to run continuously without outside power consumption or connections and require no replenished fuel resource besides whatever it gathers from its surroundings in natural form (i.e. it can use air, radio waves or, if the device sits in a natural body of water, the water around it; however, it cannot require a forced, extreme amount of the outside resource to be supplied). The continuous run requirement would generally rule out solar powered devices (however, if the device has a variation that allows it to run in a naturally illuminated environment, that may make it acceptable for evaluation.
* There should be no inordinate amount of maintenance or "tweaking" required to keep the device running. Standard maintenance, such as lubrication of mechanical moving parts and the like, would be acceptable.
* Although the function of the device can be as intricate or as complicated as needed, it should not be overly complex - past the point of performing its power output requirements. Additionally, the materials and/or components used in the making of the device should be reasonably attainable from any US company.
* The device, along with any support equipment, should be of a reasonable and proportional weight and size - loosely defined as not weighing more than 100 lbs. and two (2) square feet. If the device can produce a very large wattage, then the weight and size limitation can be revised to match its output.
* The device can contain batteries and/or other power storage components if needed for its function yet should still adhere to the weight and size limitations. Devices using batteries should not put inordinate requirements on the batteries to the point that it can reduce their standard life expectancy.
* The device should not be illegal or restricted for use, or require the use of illegal or restricted materials and/or components in the USA.
What we are not looking for:
* Devices that are already in public use.
* Devices that are already under patent protection, unless the device has a substantial change to any patents that it may resemble or you are the patent holder already.
* Devices that require materials and/or components that are of an inordinate amount in cost to acquire.
* Devices that are not complete and functioning. We may consider a device that has been completed and proven to be qualified at one time but may have stopped functioning due to extraordinary reasons or financial limitations of its creator.
How to apply:
* To have a device considered for qualification, you may send a basic, written description of your device along with your contact information to our office. We would then contact you with both a non-disclosure agreement and a royalty agreement that you would sign and return to us. Once received, we would contact the creator for further information requests and considerations.
* Devices eventually selected for evaluation would be reviewed and tested by Legends personnel and may also be reviewed and tested by outside third party consultants or facilities qualified as such (such outside parties would be under strict agreement with Legends Power not to disclose any information about the device).
* Any devices sent to Legends would be done so at the creator's expense - and only after the creator is protected by a non-disclosure agreement and royalty agreement. Devices that do not qualify will be returned to creator at their expense. Creators may request to personally deliver a device to Legends, but only upon advance request and prior device approval.
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 filing with The Securities and Exchange Commission, including its report on Form 10-K. 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 |
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Rolando Sablon |
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President |
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Legends Business Group |
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Phone: +1(305)767-7993 |
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Email: [email protected] |
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SOURCE Legends Business Group
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