/NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
BURNABY, BC, July 7 /CNW/ - Legend Power Systems Inc. (TSX-V: LPS)
("Legend Power" or "the Company"), a leading clean technology energy
conservation company, is pleased to report that it has contracted Living
Communications Inc. of Vancouver, B.C. to perform a variety of investor
relations duties for the Company, and Peak Communicators Ltd. also of
Vancouver to publicize Legend Power's news and business developments through
media relations and public relations.
Legend Power manufactures and markets a patented Electrical
Harmonizer-Automatic Voltage Regulator (AVR) that helps commercial and
industrial customers reduce their energy consumption by 7 to 10 per cent
through voltage optimization. The Company has 22 installations in Canada and 2
in California including office buildings of BC Hydro, Canada Post, Science
World, IKEA and Honda, among others.
Martin Livingston, Principal of Living Communications Inc., has more than
18 years of experience in corporate communications and investor relations. He
has developed and implemented strategic communications and investor relations
programs for a diverse range of clients including Plutonic Power Corporation,
Gemcom Software International, and Forbes Medi-Tech Inc, among others.
Peak Communicators Ltd is a top ten Vancouver-based public relations
agency with a second office in Calgary. They specialize in local, national and
international corporate and consumer media relations on behalf of a variety of
public and private companies and organizations including WestPac LNG
Corporation, Fortress Paper Ltd., Heffel Fine Art Auction House and the City
"I am excited to have Living Communications and Peak Communicators join
the Legend Power team," said Gerry Gill, Chairman and CEO of Legend Power
Systems Inc. "Legend Power is entering an exciting new growth phase that will
require highly skilled professionals to help implement a proactive investor
relations and media program. Both Living Communications and Peak Communicators
have a solid track record of helping growing companies effectively communicate
their strategy, milestones and successes to build and sustain investor support
and increase their profile in the business community."
To help create and implement strategic investor relations activities for
Legend Power, Living Communications will be paid monthly retainer fee of
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: Martin Livingston, Investor Relations, Living
Communications Inc., (604) 657-8234; Ginny Morgan, Corporate Development
Manager, Legend Power System Inc., firstname.lastname@example.org; LEGEND POWER
SYSTEMS INC., 8618 Commerce Court, Burnaby, BC, V5A 4N6, www.legendpower.com,