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BURNABY, BC, March 29, 2012 /CNW/ - Legend Power Systems Inc. ("Legend") (TSX-V: LPS) is pleased to announce the preliminary sales results for the quarter ending March 2012, the first complete quarter after the Sales Program launch of September of 2011. The company has exceeded its internally set targets by 57% with booked commitments for 25 units with a sales value of approximately $ 1.13 Million dollars.
Legend's Sales Program is progressing well and is on target to meet its internal sales and growth goals for 2012. This booked business will be delivered starting this quarter and other units will be installed through the following quarters.
"We are extremely pleased with the market traction that Legend's products are currently achieving. Our
new sales process is proving to be a success and the results are now starting to come to fruition. I would like to thank the Legend team for their hard work, loyalty and perseverance and our shareholders for their continued support." said Randy Buchamer, President and COO.
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 increase 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.
For further information:
Randy Buchamer, President and COO
Legend Power Systems Inc.
LEGEND POWER SYSTEMS INC.
8561 Commerce Court
Burnaby, BC V5A 4N5