Legend Power Issues Stock Options to Directors and Employees



    
    /NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
    UNITED STATES/
    

    BURNABY, BC, Aug. 11 /CNW/ - Legend Power Systems Inc. (TSX.V: LPS)
("Legend Power" or "the Company") announced that on August 11, 2008 it granted
stock options under its 10 per cent rolling Stock Option Plan to directors and
employees to purchase in the aggregate up to 400,000 common shares (the "Stock
Options") in the capital of the Company at $1.50 per share until August 11,
2013, subject to approval from the TSX Venture Exchange. The Stock Options
were granted based on the recommendation of Management, and 25,000 common
shares granted to a long-term employee vests immediately. The balance of the
common shares vest starting at 20 per cent on the date the options are granted
and an additional 20 per cent on each anniversary thereafter, subject to the
terms and conditions of the Company's Stock Option Plan.

    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 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. Higher than nominal
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; Martin Livingston, Investor
Relations, Living Communications Inc., (604) 657-8234; LEGEND POWER SYSTEMS
INC., 8618 Commerce Court, Burnaby, BC, V5A 4N6, www.legendpower.com

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Legend Power Systems Inc.

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