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
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.
| || || || || || || || LEGEND POWER SYSTEMS INC. |
8561 Commerce Court
Burnaby, BC V5A 4N5