/NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
BURNABY, BC, July 30 /CNW/ - Legend Power Systems Inc. (TSX.V: LPS)
("Legend Power" or "the Company") today announced the appointment of two
directors to its Board, effective immediately.
Bruce Sampson joined the Legend Power Board after a ten-year career with
B.C. Hydro. Formerly Vice President of Sustainability at B.C. Hydro, Bruce and
his team were instrumental in helping the provincial utility introduce the
first voluntary renewables portfolio standard for a Canadian electrical
utility. B.C. Hydro was also at the forefront of the adoption of a triple
bottom line framework and integration of sustainability objectives throughout
Bruce joined B.C. Hydro in 1997 as Director, Strategic Issues and
Planning and held several progressive positions during his tenure with the
utility. He was instrumental in developing B.C. Hydro's long-term strategy and
goals, with specific emphasis on ensuring sustainability was incorporated into
the long-term goals, strategies and objectives. He has extensive experience in
strategic planning and risk management and was integral in the development of
the 2001 B.C. Provincial Energy Plan and 2004 Power Technology sector
framework, leading to the release of the Task Force report on Power Technology
adopted by the Province of B.C.
Bruce also sits on a wide range of boards and committees and is a
sought-after public speaker. He is currently an Executive in Residence at the
University of Victoria and Chair, International Center for Sustainable Cities
"While at Hydro I saw first hand the energy and cost savings that Legend
Power's technology achieves" says Bruce Sampson, Director, Legend Power. "I
recognized the potential immediately so, for me, it was an easy decision to
join the company's Board and play a part in its ongoing growth."
Bill McCourt, MBA, former Chair of The Executive Committee (T.E.C.)
Canada, was also appointed to Legend Power's Board. Bill has over 40 years of
senior management experience, including CEO of the Insurance Corporation of
British Columbia (ICBC), Executive VP of Operations for B.C. Tel and Senior VP
of Merchandising for T. Eaton Company Limited. He has an MBA from the
University of Maryland and a Bachelors of Commerce from the University of
"The consistent results from Legend's proprietary technology for big
brands like Ikea, B.C. Hydro and Science World, makes Legend Power stand out
in the marketplace," says Bill McCourt, Director, Legend Power. "The business
proposition is compelling and I look forward to making a contribution to the
future success of the company."
"Bruce and Bill bring tremendous experience to our board" says Gerry
Gill, Chairman and CEO, Legend Power. "To attract this calibre of directorship
is testament to the potential in our technology and business model. As we
enter a growth phase and look to increase sales, both these individuals will
play important roles in our success."
Bruce Sampson will sit on Legend Power's Audit Committee and Bill McCourt
on the Corporate Governance and Compensation Committees.
About Legend Power Systems Inc.
Legend Power Systems Inc. is a leading electrical energy conservation
company that manufactures and markets a patented device to help commercial and
industrial customers achieve significant energy savings through voltage
optimization. Legend Power's Electrical Harmonizer-Automatic Voltage Regulator
(AVR) eliminates inefficiencies by delivering only the optimal level of
voltage a user needs. Most customers receive higher voltage levels than
required at certain points of the grid from electrical utilities. Improper
voltage can affect the lifespan of electrical equipment and result in high
monthly utility bills. By delivering the optimal voltage to the user, Legend
Power's Electrical Harmonizer-AVR helps companies reduce their electricity
bills, maintenance costs and greenhouse gas emissions while increasing the
life of electrical equipment. The technology also decreases capital and
operating costs for electrical utilities.
Forward Looking Information
This release and referenced materials contain forward looking statements,
within the meaning of the "safe-harbour" provisions of the Private Securities
Act of 1995, which are subject to a number of known and unknown risks,
uncertainties and other factors that may cause actual results to differ
materially from those anticipated in our forward looking statements. Factors
that could cause actual results to differ materially include: rapid
technological and/or market changes in the industry including actual
electrical billing rates; the adequate protection of the Company's proprietary
rights; and other factors described in the Company's regulatory filings.
Although we believe the expectations reflected in our forward looking
statements are reasonable, individual results may vary, and we cannot
guarantee future results, levels of activity, performance or achievements.
For further information:
For further information: Ginny Morgan, Corporate Development Manager,
Legend Power Systems Inc., (604) 420-1500, firstname.lastname@example.org; Media:
Ross Sullivan, Stephanie Thatcher, Peak Communicators, (604) 689-5559;
Investor Relations: Martin Livingston, Living Communications Inc., (604)