Legends Business Group, Inc. Announces Acquisition

Rhea-AI Summary

Legends Business Group (OTC Pink: LGBS) has announced the acquisition of land for the development of 42 lots in Boise, Idaho, valued at $4.2 million. This acquisition increases the company's total to 103 lots, strengthening its footprint in the real estate market as it aims for growth into 2023. CEO Paul Bakajin stated the company is leveraging the current real estate inventory shortfall and anticipates further positive developments. The focus remains on long-term presence and increasing shareholder value through strategic acquisitions.

Positive

• Acquired land for 42 lots worth $4.2 million, increasing total lots to 103.
• Strengthened presence in the real estate market.
• Positioned to capitalize on current real estate inventory shortfall.
• Plans for further growth and updates in the near future.

Negative

• None.

Henderson, NV, April 06, 2022 (GLOBE NEWSWIRE) -- Legends Business Group, Inc. (OTC Pink: LGBS) has acquired land for the development of 42 lots worth $4.2 million in Boise, Idaho. We are very excited with another acquisition giving the company 103 lots that will help us accelerate our expansion giving us a strong presence in the real estate market well into 2023. The Company continue to grow our business with the goal of becoming a successful real estate land developer, and we are starting to see the many achievements making us a very successful and attractive business to be in. We plan on having a long-term presence in real estate. The Company is committed to building shareholder value.

Paul Bakajin CEO/President Stated: “The Company has successfully positioned itself as a real estate land developer taking advantage of the current real estate inventory shortfall. We have successfully completed three acquisitions, giving the company positive growth and a better future. I look forward to putting out many more updates very soon.”

Currently, the only media outlet is the company’s Twitter account: http://twitter.com/Legendsbusiness.

We constantly monitor our website to effectively communicate with our shareholders, therefore, please email us at Info@legendsbusinessgroup.com. The Company’s website: https://legendsbusinessgroup.com. All information can be verified at  https://www.otcmarkets.com/stock/LGBS/profile

Disclaimer: The Company relies upon the Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. The company may make forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are estimates that reflect the company’s best judgment based upon current information. All investments involve risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company’s public announcements.

Contact:
Legends Business Group, Inc.
Info@legendsbusinessgroup.com

FAQ

What is the recent acquisition by Legends Business Group (LGBS)?

Legends Business Group has acquired land for the development of 42 lots in Boise, Idaho, valued at $4.2 million.

How many lots does Legends Business Group (LGBS) own now?

After the acquisition, Legends Business Group now owns a total of 103 lots.

What is the strategic importance of the new acquisition for LGBS?

The acquisition strengthens LGBS's position in the real estate market and positions the company for growth into 2023.

How does the acquisition impact shareholder value for LGBS?

The acquisition is aimed at increasing shareholder value by expanding the company's real estate holdings.

Who is the CEO of Legends Business Group (LGBS) and what did he say about the acquisition?

Paul Bakajin, CEO/President, stated that the company is positioned for positive growth and capitalizing on the real estate inventory shortfall.