Legend Power Systems Inc. Announces Listing on TSX-V



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

    BURNABY, BC, July 2 /CNW/ - Gerry Gill, Chairman and CEO of Legend Power
Systems Inc. (the "Company" or "Legend Power"), announced today that the TSX
Venture Exchange ("TSX-V") has issued a bulletin announcing the approval of
its Reverse Take Over of Texas Gas & Oil Inc. (TSX-V:TXG) and name change to
Legend Power Systems Inc. Units of Legend Power Systems Inc. will commence
trading on the TSX-V at the opening on July 3 under the symbol LPS.
    The common shares of Texas Oil & Gas Inc. have been delisted.
    "There's never been a more pertinent time for companies to consider
energy conservation," said Gerry Gill. "We believe this listing will help
Legend Power reach a broader audience of investors as well as customers who
recognize the benefits of using our technology to reduce energy costs,
minimize greenhouse gas emissions and reduce their overall environmental
footprint."

    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
(Electrical Harmonizer AVR) eliminates waste by delivering only the optimal
amount of voltage a user needs. Most utility customers receive more voltage
than required from an electrical utility. 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. Legend Power has installations across Canada including
BC Hydro, Canada Post, Science World, IKEA and Honda.

    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.

    %SEDAR: 00008129E




For further information:

For further information: Martin Livingston, Investor Relations, Living
Communications Inc., (604) 657-8234; Ginny Morgan, Corporate Development
Manager, Legend Power Systems Inc., gmorgan@legendpower.com

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Legend Power Systems Inc.

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