Legend Power Announces Stock Option Cancellation and Resignation of Officer

BURNABY, BC, Nov. 8, 2011 /CNW/ - Legend Power Systems Inc. (the "Company") (TSX-V: LPS) announces that is has cancelled a total of 1,190,200 stock options (965,200 stock options granted in November 2007 having an exercise price of $1.50 per share, 75,000 stock options granted in August 2008 having an exercise price of $1.50 per share, and 150,000 stock options granted in November 2010 having an exercise price of $0.21 per share), all in accordance with the terms of its stock option plan. Following this cancellation of stock options, the Company has 4,320,520 stock options outstanding.

In addition, the Company announces that Alessandra Olmedo has resigned as the Assistant Corporate Secretary of the Company for personal reasons. The Company would like to thank Ms. Olmedo for her assistance in that capacity and looks forward to her continued contribution to the Company in her operational role.

About Legend Power Systems Inc.

Legend Power Systems Inc. (www.legendpower.com) is a leading electrical energy conservation company that manufactures and markets a voltage optimization solution to help commercial and industrial customers to reduce electrical energy consumption and costs. Legend Power's Electrical Harmonizer-AVR helps companies reduce their electricity bills, maintenance costs, and increases the life of electrical equipment, while contributing to a reduction in green house gas emissions.

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.

SOURCE Legend Power Systems Inc.

For further information:

Randy Buchamer, President and COO
Legend Power Systems Inc. 
778-945-1501 
www.legendpower.com
              LEGEND POWER SYSTEMS INC.
8561 Commerce Court
Burnaby, BC V5A 4N5
604-420-1500

 

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