/NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
BURNABY, BC, June 30 /CNW/ - Legend Power Systems Inc. (TSX.V: LPS)
("Legend Power") announces that it has completed its previously announced
non-brokered private placement of 63,907 common shares in the capital of
Legend Power (the "Shares") at $0.55 per Share for gross proceeds of
$35,148.85 (the "Private Placement"). The securities issued pursuant to the
Private Placement are subject to a hold period until November 1, 2009. The
proceeds of the Private Placement will be used to fund Legend Power's
operations, sales and technical capabilities in British Columbia and Ontario.
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-AVR eliminates
inefficiencies by delivering the optimal level of voltage a user needs. Many
customers receive higher voltage levels than required at certain points of the
grid from electrical utilities delivering higher levels to compensate for line
loss across the feeder length. Higher than nominal voltage can negatively
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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Gerry Gill, Chairman & CEO, Legend Power
Systems Inc., (604) 420-1500, email@example.com; LEGEND POWER SYSTEMS
INC., 8618 Commerce Court, Burnaby, BC, V5A 4N6, (604) 420-1500,